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AXICORP
The plunge marked the biggest one-day drops for all three indexes since June.
Both Crude oil benchmarks dropped more than 2% with WTI sliding to its lowest.
Prices of gold futures dropped below $1,980, a crucial support level thanks to the dollar’s recent strength.
Crude oil prices continue to climb up amid signs of gradual demand improvement.
China’s factory activity expanded at the fastest rate in nearly ten years in the month of August.
The yellow metal tends to usually rise in value on expectations of lower U.S interest rates.
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
Brent crude prices in the last few weeks, keep ranging between the $44-$46 ranges.
The U.S Fed Reserve strategy now permits inflation to rise above its 2% target.
Global Stocks ended the week mixed on the present prevailing macros.
The U.S. Dollar Index tracks the American dollar against other major currencies.
Gulf Coast energy infrastructures were mostly spared the brunt of the damage