Comex Gold holds Steady near $2525/oz as Markets are in a wait-and-watch stance ahead of the US Labor report that may indicate the magnitude of Fed rate cuts
WTI crude edges above $74/bbl, attempting a recovery after a 5% decline last week but sharp upside unlikely as Chinese demand concerns and prospects of OPEC+ restoring output next month counters supply disruptions in Libya
Libya’s rival factions concluded a draft agreement and aimed to sign it on Tuesday, the UN said without providing further details (Reuters)
LME base metals remain under pressure as disappointing Chinese economic data indicates that recent measures to stimulate domestic demand have been largely ineffective in reversing the decline
Today, US ISM manufacturing PMI amd speech by German Buba President Nagel will be in focus