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Copper prices dropped on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and as physical demand in top consumer China remained stagnant.
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CRUDEOIL futures in Asian trading hours Tuesday eased slightly, extending losses from the previous two sessions, as focus switched to macroeconomics and the likely direction the US Federal Reserve on interest rate policy.
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Gold prices were flat on Tuesday in the international markets as market participants held back from making large bets ahead of the US Federal Reserve policy decision.
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CRUDEOIL slips on rate hike worries, Russian crude flows despite China performance.
CRUDEOIL prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows cancelled out demand recovery expectations from China.
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CRUDEOIL falls ahead of OPEC+, U.S. Federal Reserve meetings.
CRUDEOIL prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility.
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Copper prices fell on Monday, as weak physical consumption prompted reassessment of how quickly and strongly demand would rebound in top consumer China following its COVID-19 restrictions removal last month.
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Gold prices held steady in early Asian hours on Monday, with investors awaiting the US Federal Reserve’s rate-hike verdict due this week.
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CRUDEOIL prices muted as markets weigh Iran tensions, Chinese reopening.
CRUDEOIL prices kept to a tight range on Monday amid uncertainty over a drone attack on an Iranian facility and a Russia-led supply glut, although optimism over a demand recovery in China helped drive some gains.
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CRUDEOIL climbs after drone attack in Iran, China’s pledge to promote consumption.
CRUDEOIL prices climbed in early Asia trade on Monday, supported by tensions in the Middle East following a drone attack in Iran and as Beijing pledged over the weekend to promote a consumption recovery which would support fuel demand.
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