Bearish Control Over Oil

FXStreet17:56 ET

US stocks rose for the sixth consecutive week, crude oil plummeted, gold and silver shone | Overseas major asset weekly report

Spot gold hit record highs twice this week, with a total weekly increase of about 2.4%, while silver rose about 7% to nearly a twelve-year high for the week. With the USA pushing for a ceasefire in Gaza, the crude oil market showed a weak performance this week. The dollar fell from an 11-week high.

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