UGA - Commodity Roundup: Gold faces weekly loss on no clear rate cut signal; Oil tops $80/bbl
2024-02-09 06:05:48 ET
Among base metals, copper prices ticked lower as the dollar held steady, and were set for a second-straight weekly decline, as markets worried about uneven demand growth amid the prolonged property sector crisis in China. Additionally, data on Thursday showed the biggest fall since 2009 in its consumer prices, exacerbating near-term demand worries in top buyer China.Turning to the energy complex, oil prices inched higher, headed for a weekly gain amid the ongoing Middle Eastern crisis, after Israel rejected a ceasefire offer from Hamas....
Commodity Roundup: Gold faces weekly loss on no clear rate cut signal; Oil tops $80/bbl