Oil prices remained relatively stable on Friday, following significant declines in the prior session. This stability comes amid diminishing expectations for a swift resolution to the U.S.-Israeli conflict with Iran, particularly after Hezbollah dismissed a new ceasefire proposal in Lebanon. Brent crude futures declined by 21 cents, representing a decrease of 0.22%, settling at $95.24 Read More
Gold prices fell on Friday, setting the stage for a weekly loss, as rising tensions in the Middle East dampened hopes for a U.S.-Iran peace deal, alongside growing inflation and worries about possible interest rate increases. Spot gold fell by 0.3%, trading at $4,462.22 per ounce, as of 0049. It has decreased by about 1.6% Read More
Oil prices experienced a slight decline on Thursday following a ceasefire agreement between Israel and Lebanon, which has sparked optimism regarding a potential broader diplomatic resolution that may ultimately resolve the U.S.-Israeli tensions with Iran. Sentiment was further shaped by the U.S. House of Representatives’ approval of a resolution designed to restrict President Donald Trump’s Read More
Gold prices experienced an uptick on Thursday, buoyed by declining crude oil prices and a softer dollar, as investors evaluated the revitalised hopes for a resolution to the U.S.-Israeli conflict involving Iran. Spot gold increased by 0.7% to $4,461.09 per ounce, as of 0218. U.S. gold futures for August delivery increased by 0.5%, reaching a Read More
Oil prices experienced an increase exceeding 1% during early trading on Wednesday, driven by renewed tensions in the Middle East that unsettled markets. Iran has initiated missile launches targeting Kuwait and Bahrain, amidst a backdrop where attempts to rejuvenate diplomatic relations between Tehran and Washington seem to be yielding minimal progress. According to the U.S. Read More
Gold prices fell on Wednesday, affected by the renewed conflicts in the Middle East, which also caused crude oil prices to rise. This development has heightened worries about the ongoing presence of high interest rates as a strategy to manage inflation. Spot gold fell by 0.2%, settling at $4,476.50 per ounce as of 0103. Gold Read More
Oil prices remained relatively stable on Tuesday, maintaining the robust gains observed on Monday, as market participants continued to evaluate the uncertainties linked to the U.S.-Iran ceasefire discussions and the potential reopening of the Strait of Hormuz. Brent crude futures increased by 6 cents, representing a 0.06% rise, reaching $95.04 per barrel. In contrast, U.S. Read More
Gold prices held steady on Tuesday as investors assessed a partial ceasefire between Hezbollah and Israel, while awaiting further details on U.S.-Iran negotiations, amid growing concerns about inflation and possible interest rate hikes. Spot gold held steady at $4,484.49 per ounce, as of 0048. Gold futures in the U.S. rose by 0.2%, reaching $4,514.30. On Read More
Oil prices increased by over 2%, beginning June on a subdued note, following Israel’s directive for troops to penetrate further into Lebanon amid its ongoing conflict with the Iranian-backed Hezbollah group, notwithstanding a ceasefire declared more than six weeks prior. The escalation in hostilities occurred shortly after the United States facilitated peace talks between Israel Read More
Gold inched lower on Monday, influenced by a stronger dollar and rising oil prices, as investors awaited U.S. President Donald Trump’s decision on a proposed deal to extend the ceasefire with Iran. Spot gold experienced a decline of 0.2%, trading at $4,527.36 per ounce as of 0156, following a rise to a two-week high in Read More
