Following further attacks by the United States, Iran expanded its military strikes to Gulf states, creating fears about the security of energy exports through the Strait of Hormuz. As a result, oil prices increased by more than 4% on Monday. Brent crude futures increased by $3.34, representing a 4.38% rise, reaching $79.5 per barrel. Meanwhile, Read More
Gold declined by more than 1% during early Asian trading on Monday, as concerns regarding the potential closure of the Strait of Hormuz propelled oil prices significantly upward, rekindling anticipations of sustained high interest rates to address inflationary pressures. Spot gold declined by 1.2%, reaching $4,072.78 per ounce as of 0050. U.S. gold futures for Read More
Oil prices experienced a slight decline on Friday; however, they are poised for significant weekly gains as tensions between the United States and Iran persist, maintaining a state of unease in the markets. While prices eased in early trade, the broader focus remained on escalating geopolitical tensions that have disrupted energy flows and raised concerns Read More
Gold steadied early on Friday as markets evaluated the inflation risks arising from the recent U.S.-Iran military escalation in the Middle East, with renewed expectations for rate hikes positioning the non-yielding metal for a weekly decline. Spot gold maintained its position at $4,122.09 per ounce, as of 0047, and was on track for a decline Read More
Oil prices experienced an uptick on Thursday following the United States’ initiation of new strikes against Iran. This development has diminished expectations for a resolution to the Iran conflict and for the complete reopening of the Strait of Hormuz, a critical passageway that accounts for one-fifth of global oil supplies prior to the war. Brent Read More
Gold prices declined on Thursday following a dip to a one-week low in the prior session, as U.S. President Donald Trump’s announcement that an interim agreement to resolve the conflict with Iran was “over” rekindled worries regarding elevated inflation and interest rates. Spot gold declined by 0.3% to $4,066.24 per ounce as of 0105, following Read More
Oil prices increased by more than 2% on Wednesday following airstrikes conducted by the United States on Iran and the reinstatement of sanctions on Iranian crude sales. This development has reignited concerns regarding the stability of the ceasefire in the Middle East and the potential for new supply disruptions. Brent crude futures increased by $1.62, Read More
Gold declined on Wednesday, reaching its lowest point in almost a week. This movement coincided with U.S. military actions in Iran, which propelled oil prices and the dollar upward. Such developments have heightened worries that inflation may persist, potentially leading to sustained higher interest rates that could negatively impact non-yielding bullion. Spot gold declined by Read More
Oil prices increased slightly on Tuesday following reports of a tanker in the Strait of Hormuz being hit by a projectile. However, the gains remained constrained as investors assessed the implications of enhanced Middle East supply in relation to apprehensions regarding increasing production and the global demand forecast. Brent crude futures increased by 28 cents, Read More
Gold prices declined on Tuesday, settling beneath a two-week peak reached in the prior session, as investors anticipated the forthcoming release of the U.S. Federal Reserve’s June meeting minutes to gain insights into the monetary policy trajectory under new Chair Kevin Warsh. Spot gold declined by 0.4% to $4,148.59 per ounce as of 0043, while Read More
