wn.com - 14 hours ago

Oil prices fell more than 2% on Tuesday as oversupply concerns and escalating tensions between the US and China weighed on sentiments. Meanwhile, gold prices extended its rally above the $4,100 per ounce mark on expectations of interest rate cut by the US Federal Reserve. Lower interest rates increase the appeal of non-yielding commodities such as gold and silver. Silver prices gave up most of its gains from earlier in the day, and were trading just above the crucial level of $50 per ounce. On the other hand, copper fell sharply due to trade tensions between the US and China, which is likely to lower demand in the two biggest copper markets. Oil slips Tuesday saw oil prices decline,...

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