Oil prices remained stable on Tuesday following a decline in the prior session, as investors concentrated on indications of a sustained recovery in crude shipments via the Strait of Hormuz, a critical waterway responsible for transporting 20% of global oil exports. Brent crude futures increased by 24 cents, or 0.38%, reaching $78.15 per barrel, whereas Read More
Gold prices remained stable on Tuesday as investors evaluated the ongoing U.S.-Iran peace negotiations, while increasing anticipation of a Federal Reserve interest rate increase in December exerted pressure on the metal. Spot gold was steady at $4,191.09 per ounce, as of 0053. U.S. gold futures for August delivery increased by 0.2%, reaching a price of Read More
Oil prices experienced an uptick on Monday as shipping activity through the Strait of Hormuz faced delays, coinciding with the initial discussions between U.S. and Iranian officials under an interim peace agreement, which encountered some difficulties. Brent crude futures increased by 54 cents, or 0.67%, reaching $81.11 a barrel by 0030, following a peak of Read More
Gold experienced an increase of over 1% on Monday, recovering from a low that persisted for more than a week in the prior session. This uptick occurred as Brent crude oil prices declined following Iran’s announcement of advancements in U.S.-Iran peace negotiations, which alleviated worries regarding inflation and the potential for elevated interest rates. Spot Read More
In a welcome relief for global economies, oil prices continued their downward trend on Friday and are on track for a significant weekly loss as shipping through the Strait of Hormuz gradually normalises following the US-Iran peace agreement. Brent crude has declined to approximately $79 per barrel, reflecting a decrease of over 9% for the Read More
Gold prices saw a minor drop on Friday, setting the stage for a third straight week of declines. This trend is linked to the strengthening of the dollar and the aggressive signals from the U.S. Federal Reserve, which have put pressure on the non-yielding metal. Spot gold decreased by 0.5% to $4,189.26 per ounce, as Read More
Oil prices experienced a decline in early trading on Thursday following the signing of an interim agreement between the U.S. and Iran. This agreement is set to conclude the Iran war, facilitate the reopening of the Strait of Hormuz, and lift U.S. sanctions on Tehran’s oil, thereby addressing the most significant energy supply disruption in Read More
Gold experienced an increase exceeding 1% on Thursday, recovering losses incurred in the prior session, as oil prices declined following the signing of an interim agreement between the U.S. and Iran aimed at concluding their conflict. Spot gold increased by 1.5% to $4,322.41 per ounce as of 0102, following a decline of 1.7% on Wednesday. Read More
Oil prices experienced a modest increase in early trading on Wednesday, recovering some of the losses incurred in the previous session, as investors evaluated the potential conclusion of the conflict in Iran and the possibility of the Strait of Hormuz reopening. Brent crude futures increased by 47 cents, representing a 0.6% rise, reaching $79.43 a Read More
Gold edged higher on Wednesday, extending gains for a fifth consecutive session, as optimism surrounding the U.S.-Iran peace deal alleviated concerns regarding interest rate hikes. Meanwhile, investors remained attentive to forthcoming details on the deal and the Federal Reserve’s policy meeting. Spot gold increased by 0.4% to $4,348.93 per ounce, as of 0107. U.S. gold Read More
