- Oil prices fell back towards April lows in North American trade on Monday, reapproaching bear market territory as signs of increasing production in the U.S. and rising output among members of the Organization of the Petroleum Exporting Countries weighed.Crude oil for September delivery on the New York Mercantile Exchange fell to a session low of $40.88 a barrel.
- Gold prices edged lower in European trade on Monday, as investors looked to buy into rising equity markets rather than purchasing safe-haven assets, but prices held near three-week highs amid waning expectations that the Federal Reserve will raise interest rates anytime soon.
- Silver futures were trading higher during the afternoon trade in the domestic market on Monday as traders widened their bets tracking a firm trend at global markets. Silver rallied as speculative position created by participants driven by firm global trend as the dollar weakened and the US economy grew less-than-expected in the second quarter boosting demand for the precious metals as a store of value supported the prices of white metal at the futures trade.
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