Precious metals, oil slide as global tensions ease; copper down
Reuters·2026-02-05 06:00

Core Viewpoint - Commodity prices, including silver, gold, crude oil, and copper, experienced a significant decline due to easing global tensions following a telephone conversation between the leaders of China and the United States [1] Group 1: Commodity Price Movements - Prices of silver and gold dropped sharply on Thursday, reflecting a broader trend in the commodity market [1] - Crude oil prices also fell, indicating a potential shift in market sentiment influenced by geopolitical developments [1] - Copper prices decreased, aligning with the overall decline in commodity values amid improved international relations [1]