Crude Rallied Amid Lower USD
ICM Brokers | Jul 22, 2015 05:21AM ET
CL
Crude Oil futures rallied slightly amid a sharply lower dollar, ahead of the release of the American Petroleum Institute weekly inventory report on Tuesday afternoon after the bell. WTI for September delivery gained 0.90% to close at $50.90 a barrel.
GOLD
One day after crashing more than 2.2% to fresh five-year lows, gold futures inched down on Tuesday for its ninth straight loss in spite of a retreating dollar. Gold for August delivery traded in a tight range between 1,098 and 1,108 before closing at 1,106 down 0.10% on the session.
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