Oil prices continued to rise for a fourth straight session on Thursday, driven by new U.S. strikes on Iranian military targets that intensified worries about a potential escalation in the conflict and the associated risk of supply disruptions in the Strait of Hormuz. The United States on Wednesday targeted Iran’s coastal defence systems and missile Read More
Gold prices remained stable on Thursday, as recent U.S. data indicated a moderation in inflationary pressures. However, a new escalation in the Middle East conflict led to an increase in oil prices, reigniting worries about high energy costs and the possibility of interest rate increases. Spot gold remained relatively stable at $4,056.59 per ounce as Read More
Oil experienced an uptick on Wednesday following President Donald Trump’s decision to reinstate a naval blockade on all Iranian ports, coinciding with Iran’s retaliatory strikes targeting U.S. infrastructure in the region. For the second consecutive session, Brent reached its peak since June 12, while West Texas Intermediate hit its highest point since June 15, continuing Read More
Gold edged higher on Wednesday following the release of U.S. inflation data, which alleviated concerns regarding imminent rate hikes. However, escalating tensions in the Gulf and a significant increase in oil prices maintained investor attention on the interest-rate outlook, thereby constraining gains in non-yielding bullion. Spot gold increased by 0.1%, reaching $4,056.69 per ounce as Read More
Oil prices increased approximately 2% on Tuesday, building on the significant gains from the prior session to reach their highest point in four weeks. This rise comes amid escalating tensions between the United States and Iran, which have sparked renewed worries regarding global energy supplies. Brent crude futures increased by $1.68, representing a 2% rise, Read More
Gold declined to a two-week low on Tuesday as the U.S.-Iran conflict in the Gulf caused oil prices to surge, heightening inflation concerns. This was compounded by hawkish comments from Federal Reserve Governor Christopher Waller, which further solidified expectations for increased U.S. interest rates. Spot gold experienced a decline of 0.2%, trading at $3,993.83 per Read More
Following further attacks by the United States, Iran expanded its military strikes to Gulf states, creating fears about the security of energy exports through the Strait of Hormuz. As a result, oil prices increased by more than 4% on Monday. Brent crude futures increased by $3.34, representing a 4.38% rise, reaching $79.5 per barrel. Meanwhile, Read More
Gold declined by more than 1% during early Asian trading on Monday, as concerns regarding the potential closure of the Strait of Hormuz propelled oil prices significantly upward, rekindling anticipations of sustained high interest rates to address inflationary pressures. Spot gold declined by 1.2%, reaching $4,072.78 per ounce as of 0050. U.S. gold futures for Read More
Oil prices experienced a slight decline on Friday; however, they are poised for significant weekly gains as tensions between the United States and Iran persist, maintaining a state of unease in the markets. While prices eased in early trade, the broader focus remained on escalating geopolitical tensions that have disrupted energy flows and raised concerns Read More
Gold steadied early on Friday as markets evaluated the inflation risks arising from the recent U.S.-Iran military escalation in the Middle East, with renewed expectations for rate hikes positioning the non-yielding metal for a weekly decline. Spot gold maintained its position at $4,122.09 per ounce, as of 0047, and was on track for a decline Read More
