Economy
Commodities Update — Gold eases; Corn, soybeans ease; Copper strongly rebounds
Follow-ups -eshrag News:
Wed, 2022-07-20 10:56
RIYADH: Gold edged lower on Wednesday as pressure from aggressive monetary policy worries and higher bond yields outweighed relief stemming from a pullback in the dollar.
Spot gold dipped 0.3 percent to $1,706.85 per ounce by 0610 GMT. US gold futures also fell 0.3 percent to $1,706.00.
Palladium gains
Spot silver was little changed at $18.74 per ounce, while platinum was flat at $874.61.
Palladium gained 0.5 percent to $1,884.66.
Grains fall
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