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Oil And Gold Analysis: Both Slide On News

Published 03/06/2015, 02:51 AM
Updated 04/25/2018, 04:40 AM

CL

Oil closed lower on Thursday in volatile trade, as a soaring dollar and the U.S. pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq. Oil slid after the continuing attacks by Islamic State militants that have forced the closure of nearly a dozen oil fields in Libya over the last week.

Oil Chart

GOLD


The price of gold slid below $1,200 on Thursday after China lowered its official economic growth target rate to the lowest level in more than two decades. Prices remained fairly constant after China premier Li Keqian lowered the nation's economic growth rate to 7% from a 7.4% growth rate last year, in a report submitted to the National People's Congress. The 7% expansion would mark the lowest economic growth in China since 1990.

Gold Chart

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