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Oil Jumps And Gold Drops As US And China Move To Lower Tariffs

Brent crude added as much as 3.7% in London while copper in London rose 1.4%. Gold futures fell as haven demand eased. Soybeans and iron ore also jumped.

Bloomberg News

(Photo source: Bloomberg)

Oil, metals and crop commodities rallied while gold fell after China and the US agreed to lower tariffs on each other’s economies after a weekend of trade talks. 

Also Read: Nasdaq 100 Enters Bull Market After US-China Truce

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Trade Setup For Aug 21: Nifty Likely To Continue Winning Streak, Resistance At 25,100

  • chevron-double-right NSE Nifty 50 gained for the fifth straight session, ending at 25,050.55 points
  • chevron-double-right Resistance for Nifty is near 25,100, with immediate support at 25,000 levels
  • chevron-double-right Bank Nifty shows consolidation with support at 54,800-55,000 and resistance at 56,000-56,300
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