Oil hit a multi-year high above $83 per barrel on Wednesday, bolstered by OPEC+’s refusal to ramp up production more quickly against a backdrop of global worry about oil supply.
Gold fell in Asia on Tuesday morning, while the U.S. dollar rose, despite persistent inflation concerns, which saw the yellow metal trade near to a more than one-week high achieved
Gold rose in Asia on Monday morning. It reached a near two-week high as the dollar fell. This offset speculation that the US Federal Reserve would begin asset tapering shortly.
Oil dipped to approximately $78 a barrel on Friday amid speculation that OPEC+ producers could increase output to alleviate supply concerns. However, oil remained close to a three-year high set