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Gold Physical Demand Gains in October, Oil Continues to Slide

September 4, 2023
in Trade Tube
Reading Time: 1 min read
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Oil slips for the fifth time in six trading days as oil builds continue to rise. Crude inventories are due tomorrow. Gold continues to dip but prices may be nearing the bottom and fresh buying may be coming in. Physical gold demand rises in October, BullionVault’s Miguel Perez-Santalla says. Aurum Options Strategies’ Tom Vitiello explains the drop, which is based on pressure on the European Central Bank to lower rates as well as a positive ISM number.

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