Commodities & currencyMoneycontrol
Oil gold extend losses on peace hopes hawkish Fed
Neutral0
GreyOak summary
Commodity markets declined on November 12 due to peace hopes in the Middle East and Russia-Ukraine conflicts. Oil prices fell over $1, with Brent at $91.62 and WTI at $85.49. Gold dropped 1.2% below $4,000 following strong US inflation data and hawkish Federal Reserve comments suggesting a December rate hike. The US dollar index rose to 102.85.
What it affects
- GoldNeutral 0
Gold fell 1.2% below $4,000.Rolling sentiment Neutral -2
