Oil prices increased by over 1.5%, reaching their highest level in more than six weeks on Thursday. This uptick followed the United States initiating a new series of strikes on Iran, while Yemen’s Houthis targeted oil tankers in the Red Sea. Brent crude futures increased by $1.93, representing a 2% rise, reaching $96 by 0011, Read More
As oil prices increased due to an intensifying Middle East conflict, gold fell below two-week highs on Thursday. Meanwhile, traders turned their attention to the Federal Reserve meeting next week in search of hints regarding the timing of possible interest rate hikes. Spot gold was little changed at $4,133.39 per ounce as of 0115, having Read More
Oil prices experienced a modest increase in early trading on Wednesday, driven by heightened concerns over potential supply disruptions. This uptick followed reports that U.S. forces commenced strikes on Iranian military targets for the 11th consecutive night, alongside Kuwait’s announcement of drone attacks attributed to Iran. Brent crude futures experienced an increase of 0.55%, equating Read More
Gold rose to a near two-week peak on Wednesday, driven by technical buying that supported prices. Investors are now looking ahead to next week’s U.S. Federal Reserve meeting for insights into the interest rate trajectory, while also keeping an eye on the continuing conflict in the Middle East. Spot gold increased by 0.9% to $4,113.73 Read More
Oil prices declined on Tuesday as traders weighed reports of renewed diplomatic initiatives between the U.S. and Iran against recent military exchanges and threats from Yemen’s Houthis regarding a naval blockade of Saudi Arabia. Brent crude futures declined by 35 cents, representing a 0.4% decrease, settling at $88.87 per barrel. Meanwhile, U.S. West Texas Intermediate Read More
Gold experienced an increase on Tuesday as oil prices softened, reflecting indications of diplomatic initiatives aimed at alleviating the U.S.-Iran conflict. Investors are weighing the potential risk of a renewed increase in crude prices, prompted by threats from Yemen’s Houthis to establish a naval blockade on Saudi Arabia. Spot gold increased by 0.5% to $4,023.56 Read More
Oil prices surged by 3% on Monday, with Brent exceeding $90 a barrel, as the United States and Iran intensified their military actions in the Middle East, leading to a reduction in energy shipments through the Strait of Hormuz. Brent crude futures increased by $2.69, representing a 3.05% rise, reaching $90.79 by 2343. This marks Read More
Gold prices declined on Monday, influenced by an escalation in the Middle East conflict that drove Brent crude above $90 a barrel. This development intensified inflation concerns, with several U.S. Federal Reserve policymakers indicating that interest rate increases might be necessary to mitigate price pressures. Spot gold declined by 0.4% to $4,000.55 per ounce as Read More
Oil prices experienced a slight increase on Friday as tensions escalated between the U.S. and Iran, resulting in intensified attacks across the Gulf. The deteriorating truce has constrained oil flows from the Strait of Hormuz, while Tehran has urged the Houthi movement to prepare for potential disruptions to the Red Sea export route. Brent crude Read More
Gold experienced a rebound on Friday; however, it was poised for its most significant weekly decline in six weeks. This movement was influenced by renewed clashes between the U.S. and Iran, which led to an increase in oil prices, heightened inflation concerns, and reinforced expectations that interest rates may remain elevated for an extended period. Read More
