Investors Holding Breath for US Payrolls
xcchanelljMixed economic data damped market sentiment, sending both crude oil and gold prices lower. Disappointing Chinese PMI was partly offset by encouraging UK PMI. However, the mixed US data raised concerns over the country’s recovery outlook. The front-month contract for WTI crude oil initially plunged to a 6-week low of 98.74 before ending the day at 99.42, down -0.32%, while the Brent crude contract declined to as low as 106.85 before settling at 107.76, down -0.29%. Gold was also pressured with the benchmark Comex contract losing -0.96%.
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Investors Holding Breath for US Payrolls
