Oil prices experienced a slight decline on Friday, fuelled by optimism surrounding the potential for an agreement between the U.S. and Iran to prolong their ceasefire. Comments from U.S. Vice President JD Vance indicated that the two sides were “close” but “not there yet,” marking the culmination of the decline. Brent crude futures for July, Read More
Gold prices saw a modest rise on Friday as investors assessed reports about a ceasefire agreement between the U.S. and Iran, amid growing concerns about inflation and possible increases in U.S. interest rates. Spot gold increased by 0.4% to $4,512.79 per ounce, as of 0113. The metal has seen a rise of about 0.1% for Read More
Oil prices experienced an uptick on Thursday following recent US military actions in Iran, which have rekindled concerns regarding potential disruptions to commercial shipping routes in the Strait of Hormuz. Brent crude, the global benchmark, experienced an increase of over 3%, reaching $97.29 per barrel, while US West Texas Intermediate crude rose by 3.42% to Read More
Gold saw a drop on Thursday, affected by fresh U.S. military operations in Iran that caused oil prices to rise. This development has raised worries about inflation and has introduced uncertainty about the direction of interest rates. Spot gold declined by 0.8% to $4,419.60 per ounce, as of 0129. Gold futures in the U.S. for Read More
Brent crude oil prices exhibited volatility on Wednesday after a significant increase in the prior session. The situation was influenced by U.S. strikes in southern Iran and the mixed signals from President Donald Trump regarding negotiations between Tehran and Washington, which contributed to a cautious sentiment among traders. On Tuesday, Iran’s Islamic Revolutionary Guard Corps Read More
Gold experienced an uptick on Wednesday, bolstered by a declining dollar, as investors sought indications of advancement in peace negotiations between the United States and Iran, while also evaluating the trajectory of monetary policy from the U.S. Federal Reserve. Spot gold increased by 0.2%, attaining a value of $4,516.76 per ounce, as of 0051. Gold Read More
Brent crude futures experienced an increase of nearly 2% during early on Tuesday, following the U.S. military’s execution of strikes in southern Iran, characterised as defensive measures. This development has contributed to heightened market tension, as a resolution to the ongoing conflict remains unattainable for both parties. Brent futures increased by $1.40, representing a 1.5% Read More
Gold experienced a decline on Tuesday, influenced by the recent U.S. military operations in Iran, which led to an increase in oil prices. This development has raised concerns regarding inflation and the potential for sustained elevated interest rates. Spot gold decreased by 0.6% to $4,544.33 per ounce, as of 0049. Gold futures in the U.S. Read More
Oil prices declined to their lowest levels in two weeks on Monday amid increasing optimism that the U.S. and Iran were making progress toward a peace agreement, despite ongoing significant disagreements over critical issues, including restrictions on the Strait of Hormuz that continue to affect Middle East oil supplies. On Saturday, U.S. President Donald Trump Read More
Gold prices rose by more than 1% on Monday, supported by a weakening dollar and lower oil prices, as investors contemplated the possibility of advancements in U.S.-Iran peace negotiations. Spot gold rose by 1.4% to $4,570.88 per ounce as of 0045. Gold futures in the U.S. for June delivery rose by 1.1% to reach $4,572.90. Read More
