Ripple rises amid technical support and anticipation of US inflation data

Chicago wheat futures rose sharply on Tuesday, as hopes faded for the success of US diplomatic efforts to end the war in Ukraine, which has disrupted Black Sea grain shipments, according to analysts and traders.

Oil prices rose on Tuesday after Iran-backed Houthi militants in Yemen attacked several energy facilities in Saudi Arabia, leading to a temporary halt in some operations.

Gold prices fell during Tuesday's trading, as rising oil prices fueled inflation fears and bolstered expectations regarding the possibility of the Federal Reserve raising interest rates in September, while investors await US inflation data for further cues on the path of monetary policy.