Oil rises, copper and gold fall on supply and inflation concerns
AI-generated briefing · First published
Oil prices rose on Middle East and Russia-Ukraine tensions; copper and gold fell after a US inflation jump and avoided strike at a Chilean mine.
Oil prices rose as hostilities from Russia-Ukraine to the Middle East threatened supplies. Brent settled above $106 a barrel and WTI gained 1%. [1]
Copper prices fell after BHP avoided a strike at its Escondida mine in Chile. LME copper closed down 0.6% at $14,490.50 a ton. [1]
Gold prices dropped after US consumer prices posted their largest gain in five months, reviving bets on further Fed rate hikes. Spot gold fell 1.3% to $4,105.37 an ounce. [1] [2]
Sources
- 大宗商品综述：油价上涨 铜价走低 金价下挫
Sina Finance · · Full text
- Gold Holds Loss as Hot Inflation Lifts October Rate-Hike Bets
Bloomberg · · Summary only