- Gold prices extended gains from last week in European trade on Monday, staying near the strongest level in more than two years, while silver spiked to levels not seen since July 2014.U.S. financial markets will be closed on Monday for the Independence Day holiday, resulting in thin trading conditions.
- Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.Brent crude futures (LCOc1) were trading at $50.58 per barrel at 0938 GMT, up 23 cents from their last settlement. U.S. crude (CLc1) was up 17 cents at $49.16.U.S. markets are closed on Monday for the U.S. Independence Day holiday.
- Natural Gas futures plunged during noon trade in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as traders booked profits after a surge on Friday when prices rallied to the highest since May 2015 as hot summer temperatures across most parts of the US bolstered the demand outlook for gas-fired air conditioning.
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