MetaTrader 4
Vertex FX 10

Meltdown of Commodity’s

Gold and Oil (Brent and WTI) prices have sold-off dramatically in the last two weeks, with spot Gold down over $100 since 23rd October. The US dollar has been strengthening across the board, as the Federal Reserve finishes its QE programme, with the Bank of Japan starting theirs.

The multi-year lows for Gold and Oil, have picked up pace, with Gold down -$30 during today’s trading session.

The Oil price tumbled following the unexpected move by Saudi Arabia, who cut the price of Oil sold to the US, combined with fears of a global slowdown, and subsequent lower demand. 

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