Oil Edges Higher as Gold and Silver Remain Firm

PUKMEDIA

Gold, silver and oil prices.

Global commodity markets showed steady movement on 12 February, with oil prices rising and precious metals holding firm amid geopolitical tensions and economic uncertainty.

Brent crude was trading at approximately $69.67 per barrel, while US West Texas Intermediate (WTI) stood near $64.92 per barrel. Oil prices were supported by concerns over potential supply disruptions and ongoing instability in key producing regions.

Gold remained elevated as investors continued to seek safe-haven assets. Market sentiment was influenced by shifting expectations regarding US interest rates and broader global economic conditions. Analysts noted that gold prices stayed firm amid continued volatility in financial markets.

Silver also recorded gains, tracking gold’s performance and benefiting from similar market drivers. The metal maintained strength as investors balanced inflation concerns with monetary policy expectations.

Traders said commodity markets are likely to remain sensitive to geopolitical developments and economic data in the coming days, with further fluctuations expected across energy and precious metals.


PUKMEDIA