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The Brent crude contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract increased by 80 cents to $82.64. U.S. West Texas Intermediate (WTI) crude futures climbed by 78 cents to $78.50.
Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out their trading strategy.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Gold prices on Friday climbed to Rs 72,967 per 10 gm, rising by 1.6 per cent compared to Thursday. This daily surge in prices has never been witnessed in the last 50 years, bullion dealers from Zaveri Bazaar said. In a month, gold prices have shot up by 10.75 per cent, making the yellow metal costlier for those who have weddings in the family.
(This story has not been edited by THE WEEK and is auto-generated from a PTI