Gold retraces ahead of FOMC, oil torn on supply
OLE HANSEN - A revival among key US crop futures help offset another week of steep losses across energy commodities. Crude oil suffered a third consecutive week of losses. Precious metals reversed some of their recent strong gains as profit-taking has emerged ahead of the June 14 Federal Open Market Committee meeting.Oil returned to near pre-Opec levels as...
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Source: omanobserver.om