Oil and Gold Extend Losses on Peace Hopes and Hawkish Fed Signals
Oil prices fell more than $1 on November 12 as peace-talk hopes weighed on markets. Gold extended losses after stronger-than-expected US inflation data and hawkish Fed comments reinforced expectations of a December rate increase.
Commodity markets traded lower on November 12, with oil prices falling more than $1 on hopes of progress in Middle East and Russia-Ukraine peace talks and gold also extended its losses after stronger-than-expected US inflation data and hawkish Fed comments reinforced expectations of a December rate…