About: pumarketings
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Gold Slightly Retreats on Trade Optimism

Key Takeaways: *Renewed US-China diplomatic contact lifts market sentiment *Risk appetite rebounds slightly, aiding risk-sensitive currencies *Dollar continues to slide on weak US jobs data *Gold dips modestly but maintains bullish fundamentals amid USD softness and US debt risks Market Summary: Global risk sentiment improved modestly after US President Donald Trump revealed he had aContinue Reading
Written on June 9, 2025 at 5:37 am
Categories: Daily Market Analysis
Tags: dollar, Gold, Trade Talk, Trump
Chart the Market (06/06/2025)

USOIL, H4: WTI crude oil continues to trade within a consolidative structure, hovering just below the $63.90 resistance level after failing to break higher in recent sessions. Price action remains supported above $62.00, but repeated rejections from the upper bound of the range have introduced growing technical uncertainty. This rangebound behavior follows a breakout fromContinue Reading
Crude Oil Weakens as Supply Surge Outpaces Fragile Demand Outlook

Key Takeaways: *OPEC+ is set to increase output for a third straight month, raising concerns of an oversupplied market and weighing on crude prices. *Saudi Aramco’s cut to Asian OSPs signals weaker regional demand, reinforcing bearish sentiment amid rising U.S. inventories. Market Summary: Crude extended losses this week as Saudi Arabia’s continued push to expandContinue Reading
Written on June 6, 2025 at 8:02 am
Categories: Daily Market Analysis
Tags: oil, opec, saudi aramco, US, US-China
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