Commodities
Gold Prices Hold Steady Amid Easing Rate Expectations
Gold prices remained relatively stable as U.S. Treasury yields declined and oil prices retreated, reducing inflationary pressure concerns. The gold-to-silver ratio climbed to 68, indicating gold's relative strength driven by central bank purchases and shifting investor sentiment around interest rate expectations. Weaker-than-expected U.S. jobs data gave the Federal Reserve more flexibility to refrain from raising interest rates this month.
Hürriyet Economy · Mint Markets
G7 Nations Pledge Oil And Diesel Reserve Release
Global oil prices declined Monday as the G7 announced plans to release 100 million barrels of crude oil and diesel from emergency reserves. Middle East exports also continued to rise, adding downward pressure on commodity markets.
Punch Nigeria · Channel NewsAsia