Oil Up, Gold Down: April 10, 2014
ICM Brokers | Apr 10, 2015 03:51AM ET
CL
Oil prices rose on Thursday on strong German economic data and uncertainty about negotiations on Iran's nuclear program, even as a strong dollar curbed oil's bounce a day after futures tumbled 6 percent. Oil strengthened on German industrial output and trade data and Greece's repayment of a loan to the International Monetary Fund. Also supportive was Iran saying it will only sign a final nuclear accord if all sanctions imposed over its disputed nuclear program are lifted the same day.
GOLD
Gold prices were lower for a third straight session on Thursday amid heightened expectations for a midyear rate hike by the Federal Reserve in spite of recent data pointing to a slowdown in economic growth. Gold futures retreated on Thursday extending a three-day losing streak following a significant rally earlier this week, amid the continual appreciation of the dollar.
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