Oil prices experienced an uptick on Thursday following the United States’ initiation of new strikes against Iran. This development has diminished expectations for a resolution to the Iran conflict and for the complete reopening of the Strait of Hormuz, a critical passageway that accounts for one-fifth of global oil supplies prior to the war. Brent Read More
Gold prices declined on Thursday following a dip to a one-week low in the prior session, as U.S. President Donald Trump’s announcement that an interim agreement to resolve the conflict with Iran was “over” rekindled worries regarding elevated inflation and interest rates. Spot gold declined by 0.3% to $4,066.24 per ounce as of 0105, following Read More
Oil prices increased by more than 2% on Wednesday following airstrikes conducted by the United States on Iran and the reinstatement of sanctions on Iranian crude sales. This development has reignited concerns regarding the stability of the ceasefire in the Middle East and the potential for new supply disruptions. Brent crude futures increased by $1.62, Read More
Gold declined on Wednesday, reaching its lowest point in almost a week. This movement coincided with U.S. military actions in Iran, which propelled oil prices and the dollar upward. Such developments have heightened worries that inflation may persist, potentially leading to sustained higher interest rates that could negatively impact non-yielding bullion. Spot gold declined by Read More
Oil prices increased slightly on Tuesday following reports of a tanker in the Strait of Hormuz being hit by a projectile. However, the gains remained constrained as investors assessed the implications of enhanced Middle East supply in relation to apprehensions regarding increasing production and the global demand forecast. Brent crude futures increased by 28 cents, Read More
Gold prices declined on Tuesday, settling beneath a two-week peak reached in the prior session, as investors anticipated the forthcoming release of the U.S. Federal Reserve’s June meeting minutes to gain insights into the monetary policy trajectory under new Chair Kevin Warsh. Spot gold declined by 0.4% to $4,148.59 per ounce as of 0043, while Read More
Oil prices experienced a slight decline on Monday following OPEC+’s decision to raise its output targets starting in August. Concurrently, exports from major producers through the Strait of Hormuz are on the rise, which may contribute to an increase in global supplies. Brent crude futures decreased by 24 cents, or 0.33%, to $71.88 a barrel Read More
Gold prices stayed near a two-week high on Monday, after a U.S. jobs report from the previous week came in cooler than expected, which slightly eased expectations for interest rate hikes by the Federal Reserve. Spot gold held steady at $4,175.02 per ounce by 0028, marking a weekly rise of over 2% following four weeks Read More
Crude oil prices remained under pressure on Friday as tanker traffic through the Strait of Hormuz continued its recovery and diplomatic engagement between the US and Iran indicated signs of progress. Brent crude is on track for a fourth consecutive weekly decline, marking its longest losing streak since August 2024. Brent crude remained close to Read More
Gold experienced an increase on Friday, positioning itself for its first weekly gain in five weeks, as investors moderated their expectations regarding Federal Reserve interest rate hikes in light of softer-than-anticipated U.S. jobs data. Spot gold increased by 0.5% to $4,144.83 per ounce, reaching its highest level since June 23. U.S. gold futures for August Read More
