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#XAU/USD# #commodities: Fears of lack of supply, rate hikes, and anxiety about China's fuel demand contributed to drag down #oilprices that possibly hit their two-month lows. The front-month Brent crude futures spread significantly shrunk last week while WTI flipped into a #contango, reflecting diminishing #supplyconcerns. Today, Brent crude futures dipped 0.3% to $87.34 while U.S WTI crude futures lost 8 cents to $80 per barrel.  #goldprices hovered around key support levels of $1,750 since markets could sense the Fed’s intention in upcoming monetary policy. Spot gold added 0.1% to $1,752.81 while gold futures moved slowly to $1,754.90

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Nice article

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