Oil prices extended their gains on Tuesday amid heightened concerns regarding a prolonged conflict in the Middle East. This escalation follows Iran’s threats of retaliation against any further US attacks on its assets, which raises apprehensions about potential disruptions to crude supplies. Iran stated on Monday that energy infrastructure throughout the Gulf, encompassing US oil Read More
Gold prices increased slightly on Tuesday as the U.S. dollar weakened, with attention directed toward forthcoming inflation data that may influence expectations regarding the Federal Reserve’s subsequent policy decision. Spot gold experienced an increase of 0.3%, reaching $4,418.79 per ounce, as of 0048. U.S. gold futures for December delivery experienced a decline of 0.3%, settling Read More
Oil prices continued to rise on Monday as new strikes by the U.S. and Iran on vessels in and around the Strait of Hormuz heightened concerns about a sustained disruption to oil supplies from the Middle East. The most recent escalation occurred on Saturday, as U.S. forces targeted three Iranian oil tankers, as reported by Read More
Gold prices declined on Monday as robust U.S. jobs data bolstered expectations for elevated interest rates. Meanwhile, market participants looked ahead to crucial U.S. inflation figures set to be released later this week, seeking additional insight into the Federal Reserve’s policy trajectory. Spot gold declined by 0.5% to $4,405.47 per ounce as of 0211, following Read More
Oil prices increased by half a percent on Friday, positioning themselves for the largest weekly gain since mid-July. This rise was driven by escalating tensions between the US and Iran, which heightened fears regarding possible disruptions to oil supplies originating from the Middle East. The recent US attacks, resulting in numerous fatalities and injuries among Read More
Gold maintained its position on Friday, set to achieve a modest weekly increase, as market focus shifted to the eagerly anticipated U.S. payrolls data for insights regarding the Federal Reserve’s forthcoming interest rate decision. Spot gold maintained its position at $4,475.75 per ounce, as of 0040. Prices surged by 2% on Thursday as traders adjusted Read More
Oil prices experienced a slight decline on Thursday as investors evaluated the uncertainty stemming from renewed military actions between the U.S. and Iran. This latest escalation has heightened concerns regarding potential disruptions to oil supplies from the Middle East. U.S. President Donald Trump stated on Wednesday that the revitalised U.S. campaign against Iran would not Read More
Gold maintained its position in early Asian trading on Thursday as investors anticipated the release of U.S. nonfarm payrolls data, which may influence expectations regarding the Federal Reserve’s forthcoming policy decisions. Spot gold maintained its position at $4,386.28 per ounce as of 0046. Prices rebounded from a near one-month low on Wednesday as the U.S. Read More
Oil prices increased by more than 2% on Wednesday, building on the significant gains from the prior session, as concerns about potential supply disruptions intensified following overnight strikes exchanged between the US and Iran. The escalation has diminished expectations for a swift alleviation of tensions in the Middle East. The United States announced that it Read More
Gold reached a low not seen in over two weeks on Wednesday, influenced by rising U.S. Treasury yields and a stronger dollar, as investors looked to upcoming U.S. jobs data for insights into the trajectory of interest rates. Spot gold stabilised at $4,333.49 per ounce by 0017 following a decline to its lowest level since Read More
