Oil Prices Drop, Precious Metals Surge in Global Markets

Major shifts were observed in international markets today, with energy prices dropping and precious metals gaining value.

US crude oil (WTI) dropped by 73 cents, now trading at $62.84 per barrel. Similarly, UK Brent crude also fell by 73 cents to $66.71 per barrel.

Gold and Silver Rise:
In the global precious metals market, gold prices rose by $23, reaching $3,007 per ounce. Silver also saw a gain of 85 cents, now priced at $42.97 per ounce.

Cryptocurrency Dip:
The cryptocurrency market also faced a downturn. Bitcoin’s value dropped by $1,458, currently trading at $115,990.

These fluctuations reflect ongoing volatility in global financial markets influenced by economic trends, investor sentiment, and geopolitical developments.