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[BUSINESS] · India, United States · 4 sources

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Commodity markets see rise in gold and oil prices

Global commodity markets saw fluctuations in gold and oil prices. Gold prices recovered to approximately $4,147.70 per ounce, supported by lower interest rates and a weaker US dollar. In India, gold prices also rose, reaching 12,736.75 INR per gram.

In the energy sector, WTI crude oil prices increased by 3 percent to $97.97 per barrel following an unexpected decline in US crude oil inventories. Brent crude remained relatively stable near $105.47 per barrel.

Regarding corporate news, semiconductor equipment manufacturer Aixtron reported third-quarter order intake and margins that significantly exceeded expectations. The company's order intake rose to 275 million euros, surpassing the median analyst consensus of 215 million euros.

In monetary policy, Federal Reserve official Kevin Warsh noted that the central bank is no longer in the business of announcing its decisions in advance, while declining to confirm or deny recent signals regarding interest rate hikes for the current month.

Entities

AIXTRON · FXStreet · Federal Reserve