Oil prices experienced a decline in early trading on Thursday following Qatar’s announcement that indirect discussions between Iran and the U.S. had achieved “positive progress” during the negotiations held in Doha, which wrapped up on Wednesday. The discussions centred on the Strait of Hormuz, which is responsible for one-fifth of the global oil supply. Brent Read More
Gold prices continued to rise on Thursday, following a peak not seen in over a week during the prior session. This upward movement came as investors assessed weaker-than-anticipated employment figures, with declining oil prices providing further support to the precious metal. Spot gold rose 0.8% to $4,063.56 per ounce, as of 0103, after reaching a Read More
Oil prices experienced a slight increase in early trading on Wednesday following Iran’s announcement that it would refrain from engaging in direct discussions with U.S. representatives. This development introduces additional uncertainty to the interim ceasefire between the two parties amid the ongoing four-month conflict. Brent crude futures increased by 50 cents, representing a 0.69% rise, Read More
Gold prices continued to decline on Wednesday, following a drop to a seven-month low in the prior session. The diminishing likelihood of a lasting U.S.-Iran peace agreement has intensified inflation worries and strengthened anticipations of Federal Reserve interest rate increases. Spot gold was down 0.6% at $3,981.69 per ounce, as of 0112, after hitting its Read More
Oil prices experienced a decline on Tuesday, as investors monitored the developments surrounding potential U.S.-Iran discussions in Doha. This comes in the wake of missile exchanges over the weekend that challenged the interim ceasefire aimed at concluding the four-month-long conflict. Brent August crude futures, set to expire on Tuesday, experienced a decline of 1.03%, equating Read More
Gold experienced a decline of more than 1% on Tuesday, positioning itself for a fourth consecutive monthly decrease. This movement comes as uncertainty in the Middle East yields to anticipations of U.S. interest rate increases aimed at controlling inflation. Spot gold experienced a decline of 1.5%, reaching $3,957.74 per ounce by 0112, positioning it for Read More
Oil prices experienced a modest increase on Monday following reciprocal strikes between the US and Iran over the weekend, which raised concerns among investors regarding the stability of their interim peace agreement and hampered shipping activities in the Strait of Hormuz. Brent crude futures increased by more than 0.8% to $72.58 a barrel, while US Read More
Gold prices experienced a decline on Monday, influenced by the resurgence of U.S.-Iran tensions that drove oil prices upward, alongside the prevailing expectations of interest rate increases by the U.S. Federal Reserve, which further exerted pressure on the metal. Spot gold experienced a decline of 0.5%, trading at $4,067.99 per ounce, as of 0045. U.S. Read More
Oil prices experienced a decline on Friday morning, indicating a trajectory towards significant weekly losses. This shift is attributed to alleviating supply concerns, particularly as additional stranded oil tankers have departed from the Strait of Hormuz, despite an incident involving a cargo vessel near Oman on Thursday. Brent crude futures decreased by 19 cents, or Read More
Gold was poised for a fourth consecutive weekly decline on Friday, weighed down by a stronger dollar fuelled by expectations of U.S. interest rate increases, as investors also evaluated the tenuous U.S.-Iran peace agreement. Spot gold decreased by 0.1% to $4,022.95 per ounce as of 0046, indicating a potential weekly decline of 3.4%. U.S. gold Read More
