Oil prices declined by over $1 on Thursday as investors grew more optimistic about the potential for peace negotiations to address the ongoing Middle East conflict, along with the protracted Russia-Ukraine war. Brent crude futures declined by more than $1, trading below $92 per barrel, while US West Texas Intermediate crude futures also experienced a Read More
Gold prices declined on Thursday, influenced by stronger-than-anticipated US inflation figures and assertive remarks from the Federal Reserve, which propelled the dollar to approach a one-month peak and bolstered expectations for an interest-rate hike in the upcoming month, thereby exerting pressure on bullion. Spot gold decreased by 0.2% to $3,979.09 per ounce as of 0022, Read More
Oil prices experienced a modest increase on Wednesday, having dipped below $90 per barrel for the first time since August this year. This decline followed a statement from US President Donald Trump, who expressed his belief that the war in Iran “is effectively over.” Brent crude futures approached $92 per barrel, while US West Texas Read More
Gold prices experienced a slight uptick in early Asian trading on Wednesday, yet they remained near a one-week low. This movement was influenced by stronger-than-anticipated US inflation data, which bolstered expectations for a Federal Reserve interest rate hike next month, thereby exerting pressure on bullion. Spot gold was up 0.2% at $4,039.07 per ounce, as Read More
Oil prices declined on Tuesday, continuing the downward trend from the previous day, following remarks from US President Donald Trump indicating that military action against Iran is not required “at this point,” which alleviated worries regarding sustained interruptions to supply from the Middle East. Brent crude futures declined by 24 cents, representing a decrease of Read More
Gold prices experienced a slight decline during early Asian trading on Tuesday, as market participants anticipated US inflation data later in the day to gain insights into the Federal Reserve’s forthcoming policy decisions. Spot gold declined by 0.3% to $4,128.48 per ounce as of 0024, following an increase of over 1% in the prior session, Read More
Oil prices continued their downward trajectory on Monday, following their most significant weekly drop since April 2020. Traders are evaluating the potential for a diplomatic resolution to the US-Iran conflict, which is occurring alongside ongoing attacks throughout West Asia. Prices experienced additional downward pressure following indications from US President Donald Trump that he was unlikely Read More
Gold prices experienced a modest increase on Monday, driven by declining oil prices that alleviated inflation worries. However, the upward momentum was limited by prevailing expectations that the Federal Reserve will maintain elevated US interest rates for an extended period, particularly in light of strong payrolls data. Spot gold increased by 0.2% to $4,073.59 per Read More
Oil prices experienced a rebound for the second consecutive session, driven by renewed concerns over global supplies following fresh attacks on tankers. Meanwhile, investors are reevaluating the implications of the ongoing US-Israel conflict with Iran. US President Donald Trump stated on Thursday that Iran would be unable to proceed with any actions regarding its nuclear Read More
Gold prices increased in early Asian trade on Friday and were set for a weekly gain, as investors anticipated the US non-farm payrolls report later in the day for new insights on the Federal Reserve’s interest rate trajectory. Spot gold increased by 0.4% to $4,103.55 per ounce by 0023, and is on course for a Read More
