Oil prices recorded a slight increase on Thursday amid concerns over supply.
According to Bloomberg, Brent crude rose by 14 cents, or 0.22%, to $62.81 per barrel, while U.S. West Texas Intermediate crude increased by 16 cents, or 0.27%, to $59.11 per barrel.
اضافة اعلان
Gold prices declined as investors took profits and adopted a cautious stance ahead of next week’s U.S. Federal Reserve meeting, while awaiting key economic data for clues on the path of U.S. interest rates.
Spot gold fell 0.2% to $4,196.96 per ounce, while U.S. gold futures for December delivery dropped 0.2% to $4,225.90 per ounce.
Among other precious metals, silver fell 0.4% to $58.26 after hitting a record high of $58.98 on Wednesday. Platinum declined 0.9% to $1,656.15, and palladium slid 1.3% to $1,441.75.
The U.S. dollar also retreated after soft economic data increased expectations that the Federal Reserve may cut interest rates next week, giving the Japanese yen some breathing room and pushing the euro to its highest level in nearly seven weeks.
The U.S. dollar index, which measures the currency against six major peers, fell to 98.919, nearing its lowest level in five weeks.
