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Oil Prices Dip, Gold Slips, and Dollar Wavers

by Barbara Miller

In trading on Tuesday, the benchmark U.S. crude oil for June delivery experienced a decline, dropping by 54 cents to settle at $79.26 per barrel. Similarly, Brent crude for July delivery saw a downturn, slipping 83 cents to $82.88 per barrel.

Commodity markets also witnessed shifts in other sectors. Wholesale gasoline for June delivery experienced a decrease of 3 cents, settling at $2.51 per gallon, while June heating oil followed suit with a 3-cent decline to $2.46 per gallon. Additionally, June natural gas underwent an 8-cent drop, closing at $2.67 per 1,000 cubic feet.

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Precious metals took a hit as well, with gold for June delivery falling by $12.60 to $2,425.90 per ounce. Silver for July delivery saw a decrease of 35 cents, settling at $32.08 per ounce, while July copper experienced a slight rise of 3 cents, reaching $5.11 per pound.

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Meanwhile, currency markets showed some fluctuation. The dollar weakened against the Japanese yen, slipping to 156.24 yen from 156.27 yen. Similarly, the euro depreciated against the dollar, falling to $1.0852 from $1.0865.

Dailygoldprice provides you with live gold prices so that you can always understand the changes in the price of gold and better invest in gold.

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