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شبكة راية الإعلامية
Oil drops over 5% as gold gains
Oil prices declined by more than 6% in early Asian trading, with Brent crude falling by 6.28% to $82.41 per barrel, and West Texas Intermediate dropping 6.22% to $79.40. Meanwhile, gold prices surged significantly, with the spot price per ounce rising to $4,067.06, up 0.7%, and gold futures increasing by 0.9% to $4,065.60. Other precious metals, such as silver, platinum, and palladium, also saw gains ranging from 0.7% to 1.5%. The decline in oil may reduce inflation concerns, while the rise in gold boosts demand as a safe-haven asset.
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