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Anuj Gupta, Director, Ya Wealth Research & Advisory, says that safe haven demand against uncertainty provide support to the gold prices.
As of 21:56 ET (01:56 GMT), Brent oil futures expiring in September ticked down 0.2% to $69.06 per barrel, while West Texas Intermediate (WTI) crude futures fell 0.3% to $66.79 per barrel.
Precious metals dominated in H1. Platinum soared nearly 50%, followed by gold (+26%), silver (+25%) and palladium (+21%).
London copper prices fell in midday trade as rising commerce tensions weighed on sentiment across the commodities complex.
Bouncing crude oil has usurped gold at the top of the commodity radar nearing the end of 1H, but may accelerate price-elasticity forces, Bloomberg Intelligence analysis shows.