Crude oil surges 9%, mixed performance in metals market
after close1 source ↓written by the desknot a recommendation
- overnight
- 9%
- LME tin fell
- 2.47%
- zinc
- 1%
- COMEX gold dropped
- 2.55%
Crude oil prices surged over 9% overnight, while metals displayed mixed performance. LME tin fell 2.47%, with LME lead and zinc down over 1%. In precious metals, COMEX gold dropped 2.55%, dipping below the $4,000/oz mark, as rising Middle East tensions fueled rate-hike expectations. This volatility may impact trading strategies in commodities.
Not investment advice. For informational purposes only.