#ZeeBusiness Oil eases, coffee nears record high amid global market jitters | Zee Business
Oil eases, coffee nears record high amid global market jitters | Zee Business
Global markets saw mixed moves as copper slipped below $10,100 a ton on weaker Chinese demand, while gold hovered near record highs at $3,730 an ounce ahead of a widely expected US Federal Reserve rate cut. Oil prices eased with Brent above $68 and WTI at $64.50, amid supply risks from Ukraine-Russia tensions. Coffee futures surged to $4.24 per pound, a seven-month high, on concerns about Brazil’s dry weather and US tariffs. Investors now await Jerome Powell’s comments on further Fed easing.
#GoldPrices #CopperMarket #OilUpdate #CoffeeFutures #CommodityNews #GlobalMarkets #FedRateCut #CrudeOil #GoldForecast #MarketUpdate
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