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Oil steps back after strong gains

LOS ANGELES (MarketWatch) — Oil futures eased in electronic trade Friday, with some analysts citing profit-taking after sharp gains helped by strong U.S. economic data and news on the West’s negotiations with Iran. “We see potential for improvement in WTI crude oil’s direct fundamentals in the weeks ahead, but Thursday’s advance had more to do with...
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Gold futures inch higher but after a two-day dip to levels not seen in four months, prices are set for a weekly loss

On Thursday, gold futures came under pressure when mostly upbeat U.S. economic data, particularly on the employment front, were viewed as ramping up the possibility that the Federal Reserve would cut back on its stimulus program within the next few meetings. For now, “gold’s selloff seems to be slowing around the $1,240...
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