Ganja:Precious metal prices began the week with significant gains, contrasting with the continued decline in global crude oil benchmarks.

According to Anadolu Agency, spot gold increased by 1.16% to reach $4,117.79 per ounce, reflecting a weekly gain of 4.3%. Silver also saw an uptick, climbing 1.62% to $52.72 per ounce, marking a 4.14% rise over the past week.

In contrast, the energy markets experienced a downturn. The international benchmark Brent crude dropped 1.5% to $96.84 per barrel, resulting in a 7.43% loss for the week. Similarly, West Texas Intermediate (WTI) crude oil decreased by 0.98% to $89.94 per barrel, showing a weekly decline of 6.59%.

Additionally, heating oil saw a slight reduction of 0.10% to $4.33 per gallon, and gasoline prices fell by 0.57% to $2.76 per gallon. Meanwhile, European natural gas increased by 1.03% to £86.48 ($96.5) per megawatt-hour, although this was still 8.86% lower compared to the previous week.