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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
0

FintechZoom > Markets > Commodities > 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!

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 $121 per barrel. The contract spread between Brent and Crude oil is now at just under 2 dollars (1.03$).

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Jung Min-seo

Jung Min-seo

Jung Min-Seo is a staff writer covering technology for FintechZoom. Contact: [email protected]

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