- Gold prices extended losses from the prior session in European trade on Monday, holding near a three-week low as the U.S. dollar hovered at a more than four-month high amid renewed expectations for a Federal Reserve rate hike later this year. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell to a session low of $1,313.10 a troy ounce, just above a three-week low of $1,310.70.
- Oil prices extended losses from last week in European trade on Monday, as concerns over a global supply glut intensified after data showed that the U.S. oil rig count rose for the fourth week in a row last week.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $43.98 a barrel. It last traded at $44.02 by 08:03GMT, or 4:03AM ET, down 17 cents, or 0.38%.
- Copper futures rose during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid hopes that a pickup in the US economy may bolster consumption.A gauge measuring US manufacturing climbed to 52.9 in July from 51.3 in June with a reading above 50 signaling expansion Markit Economics said in a report on Friday.
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