Energy and precious metals decline in commodity markets
Istanbul, June 25 (Hibya) – Commodity markets generally witnessed a selling-driven trend in energy products and precious metals.
Commodity markets generally saw selling pressure in energy products and precious metals.
Gold futures for August traded at $4,008.40 per ounce, posting a slight daily decline of 0.01%. Silver fell 1.15% to $57.42.
Oil prices also continued to decline. August West Texas Intermediate (WTI) crude oil futures dropped 1.27% to $69.45 per barrel, while September Brent crude futures also fell 1.27% to $72.93 per barrel.
Natural gas stood out positively within the energy complex, rising 0.43% to $3.279. Heating oil prices fell 0.49%, while RBOB gasoline futures declined 0.74%.
Among industrial metals, copper rose 0.35% to $6.008.
Agricultural commodities showed a mixed performance. U.S. soybean futures slipped 0.03% to 1,133.63, while U.S. wheat gained 0.15% to 596.63.
Overall, selling pressure persisted in energy products and precious metals, while natural gas, copper, and wheat prices posted modest gains.
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