After major rallies, metals were under pressure on Thursday as rising oil prices increased both inflation and growth worries.
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Prices for metals fell sharply across the board Thursday as investors worried about the impact rising oil prices due to the U.S.-Iran war will have on the global economy.
Gold
fell nearly 6%, while silver
was off 8%. The sell-off extended beyond just those two, as industrial metals like copper
A rush into haven assets and tightening global supplies are driving one of the strongest metals rallies in years.
Gold climbed as declining oil prices helped temper worries over persistent inflation following reports that Washington is working…
Gold's recent move lower has second-order effects for the prospects of the firms that dig the metal out of the ground.
RIYADH: Commodities such as aluminum, gold, coal, and silver have seen prices rise after US-Israeli strikes on Iran triggered…
(Bloomberg) -- Oil fell after a short-lived spike as Tehran cast fresh doubts about the status of US-Iran nuclear talks. Most…
Benchmark global and U.S. oil prices hit their highest levels in almost two years as U.S. Treasuries fell for the fifth day in a…
