Oil prices saw a slight rebound after a dip, as Ukraine signaled progress towards a peace deal with Russia. This potential agreement could lead to the lifting of sanctions on Russian oil, a development that market analysts suggest might drive prices lower. Meanwhile, expectations of a U.S. Federal Reserve interest rate cut are offering some support to crude.
Private Banks, Energy and IT offer value in subdued market: Mark Matthews
Mark Matthews of Julius Baer highlights silver’s fundamental strength driven by industrial and defense demand, while gold’s support comes from Indian household wealth. He anticipates