#ZeeBusiness Oil falls as gold, silver, copper and coffee gain momentum
Oil falls as gold, silver, copper and coffee gain momentum
Oil prices eased after Monday’s sharp rally, with Brent slipping below $67 and WTI at $64 as traders tracked the Russia-Ukraine conflict and possible sanctions on Russia. In contrast, gold surged to a two-week high at $3,420, while silver rebounded near $39 after US President Donald Trump removed Fed Governor Lisa Cook, raising concerns over the Fed’s independence. Copper extended its rally above $4.46 per pound, supported by policy shifts and supply issues. Arabica coffee hit a 3-1/2-month high on tight supply.
#OilPrices #GoldRates #SilverMarket #CopperPrices #CoffeeMarket #CommodityUpdate #GlobalMarkets #RussiaUkraine #USPolicy #MarketTrends
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