Gold Prices Hit A Fresh Record High At $4,230/Oz, Silver Rallies; Crude At 5-Month Low | CNBC TV18

Описание: Oil prices dipped, holding near a five-month low for a second day, pressured by escalating U.S.-China trade tensions and the International Energy Agency's prediction of a supply surplus in 2026.

Brent crude futures fell 23 cents, or 0.4%, to $62.16 a barrel. U.S. West Texas Intermediate futures fell 14 cents, or 0.2%, to $58.56. Both benchmarks were headed for their lowest closes since May 7 for a second day in a row.

Meanwhile, gold prices hit a record high on safe-haven demand amid persistent geopolitical and economic uncertainties, and hopes of US interest rate cuts. Spot gold price rose 0.4% to $4,224.79 per ounce, after hitting a record high of $4225.69. US gold futures for December delivery gained 0.9% to $4,239.70. Silver too hit a fresh record high.

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