Oil prices surge while gold and silver prices plunge

Due to heightened tensions in the Middle East and market concerns about disruptions in crude oil supply, international oil prices saw a significant increase on the 23rd. Brent crude oil futures prices reached a nearly six-month high. At the close of trading that day, the price of light crude oil futures for December delivery on the New York Mercantile Exchange settled at $103.27 per barrel, up 3.82%; December delivery London Brent crude oil futures closed at $116.72 per barrel, an increase of 3.14%.On the 23rd, rising energy prices triggered concerns about inflation, reinforced expectations of a Federal Reserve rate hike, and, coupled with a stronger dollar, put downward pressure on international gold and silver prices. By the end of trading that day, gold futures for December delivery on the New York Mercantile Exchange were quoted at $4007.90 per ounce, down 1.29%; silver futures for December delivery were priced at $53.949 per ounce, a decrease of 1.92%. (CCTV Finance)