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Aug 4, 2025
OPEC+ agrees to boost oil production by 548K bpd for September, as expected
The Organization of Petroleum Exporting Countries and its allies (OPEC+) on Sunday announced plans to boost oil production by 547,000 barrels per day (bps) for September as concerns mount over potential supply disruptions linked to Russia, Bloomberg reported on Sunday.
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Aug 4, 2025
Gold Price Forecast: XAU/USD loses ground to near $3,350, weaker US jobs data might cap downside
The Gold price (XAU/USD) edges lower to around $3,360, snapping the two-day winning streak during the early Asian session on Monday. Nonetheless, weak US job data and tariff fears might weigh on the US Dollar (USD) and help limit the USD-denominated commodity’s losses.
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