Oil prices experienced a decline on Friday, positioning themselves for a weekly downturn, as discussions between the United States and Iran regarding the OPEC member’s nuclear program were prolonged. This development alleviated apprehensions regarding possible hostilities that might interfere with supply chains. Brent crude futures declined by 28 cents, or 0.4%, settling at $70.47 per Read More
Gold prices remained largely unchanged on Friday, as investors processed the outcomes of the U.S.-Iran nuclear discussions from the prior day, while the dollar, positioned close to three-week peaks, exerted downward pressure on the yellow metal. Spot gold remained unchanged at $5,187.39 per ounce as of 0146. Bullion reached a peak not seen in over Read More
Oil prices increased on Thursday, remaining close to seven-month highs, as investors assessed the potential of U.S.-Iran discussions to prevent a military conflict that could disrupt supply. However, the gains were limited by an increase in U.S. crude inventories. Brent futures were priced at $71.12 per barrel, reflecting an increase of 27 cents, or 0.3%, Read More
On Thursday, gold prices saw a slight rise, bolstered by a declining dollar and increased demand for safe assets amid ongoing uncertainty surrounding U.S. tariff policies and negotiations between the U.S. and Iran. Spot gold rose by 0.3%, hitting $5,184.43 per ounce as of 0110. Bullion hit a high not observed in more than three Read More
Oil prices remained close to seven-month highs on Wednesday, driven by concerns over the potential for military conflict between the U.S. and Iran, which could disrupt supply. This uncertainty persists despite upcoming talks between the involved parties scheduled for Thursday. Brent futures were priced at $71.22 per barrel, reflecting an increase of 45 cents, or Read More
Gold prices showed minimal change on Wednesday, after a drop of more than 1% in the previous session, as the dollar continued to hold its recent strength, making dollar-denominated metals more expensive for global buyers. Spot gold held steady at $5,146.18 per ounce by 0054, after reaching a level not observed in more than three Read More
Oil prices remained just under an almost seven-month high on Tuesday as traders assessed the prospects for U.S.-Iran nuclear negotiations in the context of increased Middle East tensions, while also considering the ambiguity surrounding U.S. trade policy. Brent crude futures declined by 9 cents, or 0.1%, settling at $71.40 a barrel by 0120. This movement Read More
On Tuesday, gold prices fell from a high that hadn’t been reached in more than three weeks, as the impact of a stronger dollar outweighed the backing from concerns about U.S. tariffs and the ongoing tensions between Washington and Tehran. Spot gold fell by 1.5% to $5,150.38 per ounce as of 0125, after reaching a Read More
Oil prices declined approximately 1% on Monday as the U.S. and Iran geared up for a third round of nuclear negotiations, alleviating concerns regarding a potential escalation of conflict. Concurrently, President Donald Trump’s new tariff increases introduced uncertainty surrounding global growth and fuel demand. Brent crude futures declined by 76 cents, representing a decrease of Read More
Gold experienced an uptick as market participants grappled with uncertainty surrounding the future of trade agreements negotiated with the US, following the Supreme Court’s limitation on President Donald Trump’s tariff authority. Bullion increased by as much as 1.3%, surpassing $5,170 per ounce. On Saturday, Trump announced his intention to implement a global tariff of 15% Read More
