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Fluid factors fiddle with upbeat outlook on oil, gold prices

Oil prices seem to be fizzling out, while gold has taken a shine amid the US-China trade limbo and rising risk aversion

Anita Gabriel

Anita Gabriel

Published Tue, May 7, 2019 · 09:50 PM

    Singapore

    AFTER a strong quarter that culminated in a six-month peak a fortnight ago, the oil rally appears to have fizzled out - and experts can't agree on whether its bull run has ended for good, or there's still legs to it.

    On the other hand, gold - true to its safe-haven status - has taken a shine lately since coming off its February high amid the US-China trade limbo and as risk aversion cranked up amid persistent worries of a slowing global economy.

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