Commodity Capsule: Brent crude edge higher; gold recovers; copper advances | Watch video

Commodity Capsule: Gold prices recovered from overnight losses on Thursday, and remained below recent peaks as fears of higher-for-longer interest rates and pressure from a strong dollar remained in play.

The yellow metal had surged to record highs last week as safe-haven demand ramped up after Iran launched a strike against Israel.

But fears of a greater conflict cooled this week as Israel did not retaliate immediately over the strike.

Pressure from the dollar eased slightly this week as the greenback retreated from over five-month highs on Wednesday.

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