Gold prices recovered as concerns grew over a slowing economic recovery due to a surge in Covid-19 cases.
*Silver dropped as investors sought comfort in the U.S. dollar amid rising coronavirus cases.
*Crude oil dropped after OPEC agreed on an output hike starting from next August, and amid renewed oversupply concerns, especially after the US oil production accelerated.
*Natural gas jumped on soaring global gas prices and forecasts for more air conditioning demand next week than previously expected.
*Copper prices fell as daily new coronavirus infections have been surging from the United States and Europe to Asia due to the spread of the Delta variant
*Zinc prices dropped as pressure seen after China will continue to release metals reserves in batches
*Nickel prices fell as surging COVID-19 cases raised investor concerns about the global economic recovery and metals demand
*Aluminium prices dropped after China’s aluminium imports in June rose 30% from the prior month