WTI has lost ground towards $105.50 (its not hit there yet). Brent is lower alongside.
There is not a lot of fresh news flow crossing for oil.
Posted earlier:
- Oil price cap – G7 leaders discussed plans to reduce Russian revenues from oil exports
And, not specific to gold but not an encouraging sign:
- BIS warns that the global economic indicators are “flashing red”, real risk of stagflation
Update:
This article was written by Eamonn Sheridan at www.forexlive.com.
