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WCU: Gold finding support while oil remains stuck
The Bloomberg Commodity Index, which tracks the performance of 22 futures markets across energy, metals and agriculture traded lower for a second consecutive week. The global growth outlook and with that future demand for many key commodities remain challenged by the prolonged trade war between the U.S. and China. With the negative impact on trade becoming increasingly apparent, both sides have been signaling a willingness to reach an agreement. So far however, getting past the goal line with a light phase one deal has so far proved difficult. As a result, several markets have witnessed dump and pump behavior with ... (full story)