July 1, 2024

Oil Edges Up in Early Trade Monday

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter.

Brent crude futures rose 16 cents, or 0.2%, to $85.16 a

Euro Rises, Yen Fragile

The euro rose on Monday, while the yen struggled to break away from a near 38-year low.

The euro was last 0.4% higher at $1.0759, around a two-week high.

Against the dollar, sterling rose 0.11% to $1.2659, while the Aussie

Gold Remains Stable in Early Trade

Gold prices maintained firm in early Asian hours on Monday, bolstered by statistics showing that inflation in the United States has slowed, raising hopes that the Federal Reserve may begin decreasing interest rates this year.

The spot gold price rema…

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