Commodities Weaken Modestly as EU Leaders Meet

Financial markets eased modestly in European session as investors awaited the EU summit. Dataflow provided no further supports on risk appetite as manufacturing activities in the Eurozone showed signs of fatigue in July. Oil prices weakened with WTI crude oil for August delivery falling to as low as 97.2 and Brent crude for September delivery to 116.62. Gold hovered around 1600, signaling robust demand for safe-haven assets.

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Commodities Weaken Modestly as EU Leaders Meet