Oil prices experienced an uptick on Friday, following a 4% increase that brought them to a five-month high in the preceding session. This rise was influenced by Houthi attacks on leading exporter Saudi Arabia, which heightened concerns regarding potential disruptions to energy supplies. Brent crude futures increased by 50 cents, or 0.45%, reaching $114.02 per Read More
Gold prices experienced a decline on Friday, positioning themselves for the most significant weekly drop in over four months. This movement was influenced by rising oil prices and robust US economic data, which heightened expectations that the Federal Reserve would maintain elevated interest rates for an extended period. Spot gold experienced a decline of 0.1%, Read More
Oil prices experienced an uptick on Thursday following a drone strike on a Saudi Aramco oilfield, which intensified apprehensions regarding the potential disruption of supplies due to the escalating conflict in West Asia. The attack also prompted the United States to instruct certain diplomats and their family members to depart from its missions in Saudi Read More
Gold experienced a decline in early Asian trading on Thursday as market participants anticipated next week’s Federal Reserve policy meeting for insights on the direction of interest rates. Spot gold declined by 0.6% to $4,115.50 per ounce by 0040, following a drop to its lowest level since October 15 at $4,104.33 on Wednesday. US gold Read More
Oil prices surpassed the $110 per barrel threshold once more on Wednesday, driven by apprehensions regarding supply in the Middle East. Traders expressed concerns over shipping risks and potential threats to oil infrastructure in Saudi Arabia. Brent crude futures surged by over $1, reaching approximately $110 per barrel. WTI Crude futures experienced an increase of Read More
Gold experienced a decline on Wednesday as investors positioned themselves ahead of the Federal Reserve’s policy decision next week, seeking new insights into the future direction of US interest rates. Spot gold decreased by 0.1% to $4,118.64 per ounce at 0018, while US gold futures for December delivery fell by 0.1% to $4,137.60. The Fed Read More
After an initial decline, oil prices rebounded on Tuesday as markets evaluated a US executive order that relaxed certain sanctions and tariffs associated with Russian energy exports. Meanwhile, renewed attacks in Saudi Arabia and Yemen sustained apprehensions regarding potential disruptions in Middle East supply. Brent crude futures increased by 21 cents, or 0.20%, reaching $109.76 Read More
Gold experienced a decline in early Asian trading on Tuesday as market participants looked ahead to the upcoming US Federal Reserve policy decision next week, seeking insights on interest rates and the overall trajectory of monetary policy. Spot gold declined by 0.3% to $4,126.84 per ounce as of 0102, while US gold futures for December Read More
Oil prices experienced a decline on Monday following the decision by US President Donald Trump to waive sanctions and tariffs on Russia, a move that could potentially result in an increase in Russian fuel exports. Brent crude futures declined by $1.43, equivalent to a 1.30% decrease, reaching $108.43 per barrel by 2340, following a settlement Read More
Gold prices experienced a modest increase during early Asian trading on Monday, as investors assessed the potential for a Federal Reserve rate hike later this year and anticipated new insights regarding the US central bank’s policy direction. Spot gold was up 0.2% at $4,174.54 per ounce by 0031, while U.S. gold futures for December delivery Read More
