#shorts | Oil Prices Inch Up, Heading for Weekly Losses #trending #commodities #zeebusiness
it’s a week of Reds as far as non- agre global commodity markets are concerned Why are we saying so it’s because gold prices are headed for second consecutive weekly fall even as the bullion is trading uh kind of flat today but uh from its all-time high of$ 2450 an ounce which is touched in mid April it has already shed close to $150 uh now investors have refrained from taking any big positions ahead of us non-farm po uh payroll data which could offer some cues on the Federal Reserves policy part oil prices Rose slightly from their near 7 we low on Friday but are headed for Steep losses one of their biggest losses or declines weekly declines seen after 3 months uh base metal prices gained on softer Dollar on Friday but most of them are on track for weekly decline in case of zinc it bugged the trend uh by Rising around 2% so far this weak but LM copper was set to snap six straight weeks of uh gains down 1 and a half% so far this week
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
#commoditymarket #shorts #zeebusiness
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