OPEC and non-OPEC oil-producing countries coalition have cut production in the economic recession caused by COVID since last year. Its efforts have almost quadrupled crude oil prices in more than a year.
After precious metals recorded their most significant weekly drop in 15 months, gold prices rose slightly on Monday. As of 11:40 am Eastern Time, spot gold rose 1.0% to US$1,783.44
Oil prices soared on Monday, supported by solid demand during the summer driving season. Besides, the suspension of negotiations to restart the Iran nuclear deal also had influence. As of
China said on Thursday that the government plans to strengthen its scrutiny of the commodity market and fight against inflation. However, it will cause China to issue new regulations on commodity and