Commodities
Gold Prices Stabilize Amid Rising Oil Prices
Gold prices stabilized on Wednesday after experiencing their biggest decline in nearly a month. The market was influenced by higher Treasury yields and rising oil prices, which weighed heavily on bullion.
The Federal Reserve's July meeting minutes are being closely watched for clues about the interest-rate outlook.
In related news, WTI crude oil prices rose for a fourth consecutive session due to ongoing tensions over the Strait of Hormuz. This has led to concerns over prolonged supply disruptions and tighter global oil markets in the coming months.