WCU: Oil remains fragile gold survived another rate hike

Buying of commodities picked up for the first time in five weeks with gains driven mainly by industrial and precious metals in a week marked by a widely expected US interest-rate rise. Gold and silver spiked higher after the Fed meeting whereas soothing comments from Saudi Arabia helped halt crude oil's steep price correction.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-oil-remains-fragile-gold-survived-another-rate-hike-8544925?utm_medium=tf4-feed&utm_source=extract