PRECIOUS METALS | Oil Prices Decline While Gold Surges

Oil prices for both West Texas Intermediate (WTI) and Brent crude have seen a short-term decline of over $1. According to Jin10, WTI is currently priced at $97.49 per barrel, while Brent crude is at $99.4 per barrel. In contrast, spot gold has experienced a significant short-term increase, rising nearly $30 to a current price of $4702 per ounce.