Business & Economy

Oil and gold prices slump globally

Gold and oil prices fell slightly globally, supported by statements from the US federal bank director who confirmed his intention to raise the interest rate to counter inflation.
The gold market has fallen since yesterday, following the Federal Bank Director’s announcement of 1.9%, more than $30 to $1812 per ounce.
Oil futures also suffered a clear loss, with Brent crude futures falling to $83.07 per barrel, while U.S. West Texas Intermediate crude futures also lost 34 cents, or 0.4%, to $77.24 per barrel.

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