FX: Commodities Corner: Gold stays range bound, $1094-$1099
FXstreet.com (London) - Oil trading very thin as usual in Asian trade, with major players waiting for liquidity provided in Euro and US sessions. WTI/Brent still trading at $75/$72 approximately. Market has seemingly paused after prolonged risk aversion. Dollar strength has also held oil down in recent trade.
Front month WTI currently trades at $75, having traded tightly range bound this session.
Gold bullion had traded upwards and through $1100 in early trade before creeping back down to trade in the $1090-$1100. The precious metal currently trades at $1097, continuing to trade in the same range as it did in US trade yesterday, between $1099 and $1094.
