Oil prices experienced a slight increase on Tuesday, following a decline of over 2% in the prior session, as investors assessed the implications of stricter U.S. secondary sanctions imposed on Iran. Brent crude futures increased by 6 cents, representing a 0.1% rise, reaching $92.16 per barrel. Meanwhile, U.S. West Texas Intermediate crude saw an uptick Read More
Gold rose on Tuesday, extending a rally driven by the U.S. Treasury’s recent buyback announcement, while focus shifted to key U.S. inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh for clues on interest rates. Spot gold increased by 0.6% to $4,676.75 per ounce as of 0026, following a peak Read More
Oil prices declined by over $1 a barrel on Monday as investors realised profits in anticipation of an impending announcement from Washington regarding further sanctions against Iran, which may exacerbate supply disruptions from the Middle East. US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. on Monday, has Read More
Gold prices continued their upward trajectory on Monday, reaching their highest point in over three months. This movement comes as investors anticipate upcoming U.S. inflation data and a speech later this week from Federal Reserve Chair Kevin Warsh. Spot gold was up 0.7% at $4,636.34 per ounce, as of 0015, marking its highest level since Read More
Oil prices exhibited minimal fluctuation on Friday, yet they are poised for a second consecutive weekly increase, as the ongoing stalemate in the U.S.-Iran conflict persists in hindering oil supplies from the critical Middle Eastern production area. An earlier peace deal between the sides expired this week, with neither party demonstrating any initiative to rekindle Read More
Gold maintained its position on Friday, poised for a third consecutive weekly increase, supported by a declining dollar and the U.S. Treasury Department’s initiatives to suppress longer-term yields. Spot gold remained relatively stable at $4,514.23 per ounce as of 0031, following a peak not seen since early June in the prior session. Prices increased by Read More
Oil prices stabilised in early trading on Thursday as investors evaluated the implications of the U.S.-Iran conflict and the safety of maritime routes through the Strait of Hormuz. Brent crude futures for October delivery increased by 25 cents, or 0.3%, reaching $91.87 a barrel as of 0037. In contrast, U.S. West Texas Intermediate crude futures Read More
Gold remained close to its peak in over two months on Thursday following an unexpected liquidity support announcement from the U.S. Treasury, which resulted in a decline in yields and the dollar. Spot gold remained relatively stable at $4,512.19 per ounce as of 0031, following a peak earlier in the day at $4,525.79, marking its Read More
Oil prices approached $92 per barrel in early trading on Wednesday amid escalating tensions in the Middle East. US President Donald Trump stated that the US is not in discussions with Iran, heightening concerns over supply, despite his assurance that the Strait of Hormuz remains open for traffic. Brent crude futures increased by 57 cents, Read More
Gold prices increased slightly in early Asian trade on Wednesday as U.S. Treasury yields declined from recent peaks, while market participants anticipated the release of the Federal Reserve’s meeting minutes. Spot gold increased by 0.2% to $4,342.33 per ounce as of 0030, following a decline of nearly 2% on Tuesday. Meanwhile, U.S. gold futures for Read More
