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China’s reopening encourages markets and commodities to soar

Jung Min-seo by Jung Min-seo
June 8, 2022
in Commodities Prices
0

Home » China’s reopening encourages markets and commodities to soar

NEW YORK, June 7 (FintechZoom) – Gold futures are up during Tuesday’s U.S session.

Gold futures are trading at a slight premium in the Comex division of New York Mercantile Exchange, with August’s gold ounce troy going up by 0.68% at the peak of the day and at 0.15% at press time.

On Comex, silver for July delivery rose 0.73% to trade at $22,25 per troy ounce while copper prices increased by 26%, now traded at 4.45$.

Crude Oil futures are up during Tuesday’s U.S session, and it looks like they’ll continue to rise this week as well!

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Crude Oil futures on the NY Mercantile Exchange are trading at $120.21 per barrel, a value which reached the peak at 1.44% during the day and tumbled to 119,59$ (-0.12%) as we write.

Brent Oil futures rose to 1.45% this August, reaching $121 per barrel. The contract spread between Brent and Crude oil is now at just under 2 dollars (1.03$).

The price of natural gas slipped during Tuesday’s US session, trading at just under $9 per mmBTU and it is currently down 0.38% (press time).

Jung Min-seo

Jung Min-seo

Contact: [email protected]

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