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Oil Rises on Hopes of Recovery

Crude oil futures continued their gains Wednesday, September 2, after an exceed-expectations withdrawal from crude inventories in the United States and strong activity by American and Chinese factories fueled optimism about the recovery from the Coronavirus pandemic and boosted investors’ appetite for risk. Brent crude futures rose 45 cents to …

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Gold Falls With The Rise of US Dollar

Gold prices fell on Wednesday, September 2nd as the dollar rebounded after strong data for the US industrial sector supported hopes for a rapid global economic recovery, which made the yellow metal lose some of its appeals as a safe haven. Gold spot fell 0.4% to 1962.63 dollars an ounce …

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German Retail Sales Fall Unexpectedly in July

German retail sales declined in July, missing economists’ expectations of an increase Data released by the German Statistics Office on Wednesday showed that German retail sales fell by -0.9% during the month of July, compared to a decline of -1.9% in the previous June. On the year, retail sales rose …

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