Traders Unite!

Commodities Corner: Oil Price Rise Further; Gold Back To The $1700/ Oz Level | ET Now | Business News

Oil rose as much as 4% over night and rose further on Tuesday. The higher ahead of OPEC+ meeting to discuss supply cuts which is the biggest supply cut by OPEC since the 2020 COVID crisis. *Gold back to the $1700/oz after 3 weeks. Gold prices climbed higher as the dollar shed ground*Zinc prices dropped as pressure seen as Asia’s factory output mostly weakened in September as slowing demand in China*Aluminum gains as Norsk Hydro cuts aluminium output*Natural gas dropped pressured by a combination of record levels of domestic output and fading weather-driven demand as the weather shifted colder.Vinnii Motiwala is here with more details

No comments yet.

Leave a Reply