Spot Gold Surges $20 on Short Covering, International Oil Price Declines, Middle East Tensions Ease
BlockBeats News, July 20th, according to Bitget market data, spot gold saw a $20 short-term rally, currently trading at $4039.58 per ounce; both US Crude Oil and Brent Crude Oil experienced a short-term decline of over $1, with WTI Crude Oil falling below $81 per barrel, representing a 1.69% intraday decrease. Brent Crude Oil dropped by 1.00% intraday, now priced at $85.33 per barrel.
On the news front, a senior Iranian official stated that the mediator has proposed a 10-day ceasefire to explore pathways for restoring the interim agreement between Iran and the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold falls below $4,350 per ounce in after-hours trading, down 0.1% intraday
Hassett expresses caution regarding interest rate hikes based on inflation data
Trump says oil companies plan to develop North Sea oil fields
Crypto prices
More
