#ZeeBusiness Markets update: Gold dips, oil gains, copper steady, coffee hits 3-month high
Markets update: Gold dips, oil gains, copper steady, coffee hits 3-month high
Gold prices eased on Friday, pressured by a stronger dollar and reduced bets on US rate cuts ahead of Fed Chair Jerome Powell’s Jackson Hole address. Oil prices held firm, with Brent above $67, supported by fading hopes of a Russia-Ukraine peace deal. Base metals traded in a tight range, while copper showed a 36,000-ton surplus in June. Arabica coffee extended its rally, topping $3.60 per pound, and Malaysian palm oil steadied near MYR 4,500 on strong export demand.
#GoldPrices #OilMarket #Copper #FedWatch #CommoditiesUpdate #CoffeePrices #PalmOil #MarketWrap #JacksonHole #InvestingNews
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