Oil rose, gold declined
Istanbul, April 10 (Hibya) - While commodity markets saw movements in different directions during the day, gains in energy products and declines in precious metals stood out.
While commodity markets saw movements in different directions during the day, gains in energy products and declines in precious metals stood out.
Gold prices fell by 0.89% to 4,775.20, while silver declined by 1.03% to 75.647. In contrast, copper prices rose by 0.67% to 5.7940.
On the energy side, crude oil (WTI) rose by 0.71% to $98.56, while Brent crude traded at $96.75 with an increase of 0.87%. Heating oil also recorded one of the strongest gains, rising by 1.47%. RBOB gasoline prices increased by 0.57%. Natural gas prices remained flat at 2.671.
Limited gains were seen in agricultural commodities. U.S. soybean prices rose by 0.37%, while wheat prices posted a limited increase of 0.02%.
Overall, the upward trend in energy and some industrial commodities drew attention, while selling pressure in precious metals continued.
British News Agency
