Gold prices hit a five-month high on Monday, as the dollar edged lower after more Chinese cities relaxed Covid-19 restrictions over the weekend.
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CRUDEOIL prices climb after OPEC+ keeps output cut targets, China eases COVID curbs.
CRUDEOIL prices rose as much as 2% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude.
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Oil prices rose sharply on Monday as more Chinese cities began relaxing strict anti-COVID measures, ramping up hopes for a full reopening, while the OPEC kept production steady at its latest meeting
Gold prices edged up on December 5 in the international markets and hovered near the key $1,800-level, as a softer US dollar made the greenback-priced bullion cheaper for buyers holding other currencies.
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Gold prices were steady on Monday despite stronger-than-expected U.S. jobs data indicating more potential interest rate hikes, while copper prices rose as more Chinese cities relaxed COVID-19 restrictions, raising hopes for a full reopening.
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Oil rallies over 2% on China reopening , OPEC holds output steady.
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Oil rallies over 2% on china reopening opec holds output steady
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