Weekly Commodities Fundamental Report – 1 July 2023

Gold: Gold prices continued to witness a weak closing on a weekly basis, as it concluded with a 0.2 percent dip. The prices began with a rebound on Monday, showings signs of a rebound, driven by concerns over political unrest in Russia, increasing demand for the precious metal as a safe haven. Despite a slight rebound, gold prices dropped below $1,900 influenced by a strengthening dollar and rising yields.