#ZeeBusiness Global commodities see volatile session: oil recovers, gold steadies, sugar hits five-year low
Global commodities see volatile session: oil recovers, gold steadies, sugar hits five-year low
Global commodities traded mixed on Thursday. Oil prices edged up after hitting two-week lows, with Brent near $64 a barrel, while gold steadied around $4,000 amid reduced Fed rate-cut hopes. Copper gained slightly on supply concerns, though weak Chinese demand capped gains. Raw sugar slumped to a five-year low on surplus fears, and Malaysian palm oil rebounded above MYR 4,100 per tonne on stronger exports. Market sentiment remained cautious amid global supply pressures and shifting demand trends.
#CommoditiesUpdate #OilPrices #GoldMarket #CopperPrices #SugarMarket #PalmOil #OPECNews #GlobalMarkets #FedRate #EnergyNews
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