Oil, gold cede gains on prospects for Biden-Putin Ukraine summit
Global commodity markets have been in thrall to the prolonged standoff over Ukraine, which comes at a time of concern over fast-depleting inventories. “A proposed summit does offer some relief to the market,” says ING head of commodities strategy.
By Saket Sundria and Ranjeetha Pakiam, Bloomberg News
Oil gave up early gains in Asia, along with gold, after France said that the US and Russian presidents agreed to a summit meeting over Ukraine.
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