Copper and gold prices came under pressure Thursday, retreating from recent gains as rising oil prices created dual concerns about inflation and economic growth. The broad commodities sell-off marked a reversal from major rallies that had lifted metal prices in recent trading sessions.
The decline reflects market anxiety over oil price increases, which typically create a challenging economic environment by simultaneously stoking inflation fears while threatening to slow growth. Higher energy costs can squeeze consumer spending and business margins, creating headwinds for economic expansion.