(MENAFN) Having unstable selling pressures, the commodity stock inclined to retrieval the previous week. It revealed major cost increases following downward tightness registered weeks earlier.
The previous week, gold had 1.9 percent rise, silver 3 percent, palladium 1.2 percent and platinum 1.4 percent. Experts showed clearly that tough central bank policies as well as growth-focused worries stayed on the international agenda through increased inflation rates.
Jerome Powell, the U.S. Federal Reserve head, gestured that a soft landing for the finance is going to be "challenging," meanwhile "safe haven" investments have had popularity. Base metals has retrieved as well with easing of coronavirus lockdown in China fueling request.
In the over-the-counter stock, copper rose 3.5 percent, lead 3.8 percent, aluminum 5.9 percent, and zinc 5.1 percent. The global benchmark Brent oil increased 0.5 percent and natural gas exchanged on the New York Mercantile Exchange surged 5.5 percent.
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