Oil Prices Tick Up Amid Middle East Geopolitical Tensions #commodity #oil #goldprice
hello and welcome to Z commodity capsule
all the precious as well as the
non-ferrous metals are hovering in red
today particularly the bullan gold and
silver prices have extended their losses
on Tuesday and are hovering near the 3we
low worries over wider Middle East
conflict has subsided clearly this has
lowered bullan safe heaven demand
because of which we saw today gold
Futures shed nearly $ 20 to $30 which is
now taken its cumulative fall since
yesterday to over
$885 an ounce clearly tan downplayed
Israel’s retaliatory drone strike and
markets are now awaiting the release of
March personal consumption expend
expenditure data which was fed’s
preferred inflation gge European central
banks are sticking however to their
plans in order to cut the interest rate
oil prices on the other hand have
managed to Edge Higher by nearly half a
percent or so after falling in the
previous session investors continue to
assess the risk from the geopolitical
concerns in the Middle East
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
#commoditymarket #shorts #oil #zeebusiness
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