| Oil prices continued to slide on Wednesday (6 July) spooked by Europe's Brexit woes, concerns over the pace of market supply and demand rebalancing, and a relatively stronger dollar. Ole Hansen, head of commodity strategy at Saxo Bank, said Brent was edging closer to the technical price graph support level of $47 per barrel, and WTI crude was rapidly approaching its support level of $45.8.
In a note to clients, Joni Teves, a London-based precious metals strategist at UBS, wrote: "Gold has likely entered the early stages of the next bull run. This trend should now deepen, attracting more participants and encouraging those who have been hesitating to get more involved."..............................................Full Article: Source
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