Trend Alert: Gold Prices Remain Strong; Crude Witnesses Sharp Up-move - News18
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Gold prices are expected to remain strong, driven by heightened geopolitical tensions and anticipation of key US inflation data; Oil prices surged by over 4% on Monday, marking their fifth consecutive day of gains; Rising gold prices often reflect investor concerns about inflation and economic instability; A soaring oil price can fuel inflationary pressures while also impacting consumer spending and business costs; Gold prices surged over 1% on Monday, reaching their highest level since August 2, as safe-haven demand increased; Crude oil prices are expected to remain elevated as geopolitical tensions in the Middle East continue to fuel concerns over potential supply disruptions; Copper prices rose on Monday as traders covered short positions, anticipating that prices may have reached a bottom ahead of crucial economic data from China and the United States; Copper prices are expected to remain under pressure, driven by weak demand from China and rising inventories.

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https://www.news18.com/business/economy/gold-rate-today-international-market-us-fed-impact-crude-oil-prices-9013883.html