WCU: Oil stabilises as Fed's December teaser halts gold's gallop

Precious metals recent run of gains was halted after the US Fed surprisingly put a December rate hike back on the table. Crude oil managed to stabilise despite the continued focus on rising supply while natural gas was heading for a 13-year low and the biggest monthly loss this year. Industrial metals were the worst hit sector on Fed rate hike and China slow down fears

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/wcu-oil-stabilises-as-feds-december-teaser-halts-golds-gallop-6494306?utm_medium=tf4-feed&utm_source=extract