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Oil and gold still some way off Friday's close

COMMODITIES

Oil fell yesterday along with the deterioration in risk sentiment as fears of second Covid-induced lockdowns swept across markets. Concerns over financials also saw the USD receive a safe haven bid and this outweighed any demand for gold with the yellow metal falling. Both oil and gold have rebounded off their lows but gold is around $45/oz off of Friday's close while Brent and WTI are both around $1/bbl lower at writing.

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