Stocks steady as gold and copper prices surge, oil maintains gains amidst political turmoil

From Yahoo Finance: 2024-05-20 00:42:00

Miners kept Europe’s stock benchmark steady as copper and gold prices soared. Oil maintained gains amidst political turmoil in key producers. The Fed’s potential rate cuts have shaped market movements. Gold surged as the Dow Jones closed above 40,000. Concerns arise in the Middle East over political instability and health issues. Inflation data caused the dollar index to falter. Traders eye developments in Asia and key central bank decisions. Copper prices reach record levels. Iranian president’s death stirs turmoil in the Middle East. Saudi King Salman’s health concerns delay meetings. Market analysts anticipate potential oil price volatility due to Middle East tensions. This week’s economic agenda includes data readings in Europe, inflation figures in UK, Canada, and Japan, central bank decisions in New Zealand, Indonesia, South Korea, and Chile, as well as Nvidia Corp. earnings report.

Read more at Yahoo Finance: Stocks Waver While Gold, Copper Surge to Records: Markets Wrap