Commodity Roundup: Gold dips, UBS retains positive outlook on oil despite prices falling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 04 2024
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Source: SeekingAlpha
Gold Prices and Market Influence: Gold prices decreased as investors awaited significant U.S. payroll data that could impact the Federal Reserve's interest rate decisions, while gold has seen a 21% increase this year due to central bank purchases and geopolitical tensions.
Oil Market Dynamics: Oil prices fell amid concerns of lower global demand and potential supply increases from OPEC+ and Libya, with analysts maintaining a positive outlook despite current volatility, citing strong demand in other regions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
