[MARKET ANALYSIS] Spot XAU extends to USD 4850/oz following fiscal and trade tensions
Importance
Level 1
- Crude futures grind higher, but remain far from Tuesday’s settlement price, amid a lack of geopolitical updates.
- Precious Metals continues to reach new heights, with spot XAU extending to an ATH of USD 4850/oz as geopolitics and fiscal worries support the yellow metal.
- Base Metals rise in the early hours of the APAC session, with 3M LME Copper rebounding from Tuesday’s trough of USD 12.69k/t.
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