Oil prices drop for the third time on Wednesday amid worries about China’s COVID cases following a report of rising US crude stockpiles. West Texas Intermediate slumped 0.6% to $88.38
Copper prices extended losses on Tuesday following China’s continued support towards its strict zero-COVID policy, while gold prices traded close to a one-month high as the dollar slipped on the
Gold prices edged lower on Monday as China’s continued implementation of strict measures to contain COVID-19 raised concerns over sluggish activity in the world’s second-largest economy and pushed the US
Oil prices soared on Friday as the dollar lost some momentum, although gains remained limited on concerns over a recession and COVID-19 weighing on fuel demand in leading importer China.