US crude futures continued their downward trend on Friday, poised for their first weekly decline in several weeks, as worries regarding supply disruptions in the Middle East diminished, with investors turning their attention to the anticipated results of U.S.-Iran nuclear discussions in Oman later in the day. Brent crude futures experienced a decline of 50 Read More
Gold and silver prices shifted direction to increase in trading on Friday, experiencing some bargain buying following significant volatility and substantial losses earlier in the week. Silver continued to lag, poised to decline approximately 14% this week, effectively erasing a recent rebound. Gold was positioned for a modest weekly decline, yet it was trading approximately Read More
Oil prices declined approximately 2% on Thursday following the agreement between the U.S. and Iran to engage in discussions in Oman on Friday. This development alleviated apprehensions regarding a potential military conflict that could interfere with supply from the crucial Middle East-producing region. Brent crude futures declined by $1.44, representing a decrease of 2.07%, settling Read More
Gold increased by over 1% on Thursday, remaining close to one-week highs, as geopolitical and economic tensions persisted in supporting prices, with silver and palladium also experiencing gains. Spot gold increased by 1.1% to $5,016.89 per ounce, as of 0039. Bullion reached an unprecedented peak of $5,594.82 last Thursday. U.S. gold futures for April delivery Read More
Oil prices experienced a significant increase during Asian trading hours on Wednesday, driven by reports indicating escalating tensions between the U.S. and Iran, which heightened concerns regarding possible supply disruptions in the Middle East. Oil experienced a boost due to industry data indicating that U.S. oil inventories unexpectedly decreased significantly in the previous week, attributed Read More
Gold prices rose by more than 2% on Wednesday, building on their best performance since 2008 in the previous session, driven by bargain-hunting and a declining dollar that supported bullion. Spot gold saw a rise of 2.2%, hitting $5,044.74 per ounce as of 0112, after a substantial increase of 5.9% on Tuesday, marking its largest Read More
Oil prices remained stable on Tuesday as market participants considered the potential for a reduction in U.S.-Iran tensions, while a stronger dollar constrained upward movement. Brent crude futures experienced an increase of 6 cents, representing a 0.1% rise, reaching $66.36 per barrel as of 0102. U.S. West Texas Intermediate crude was priced at $62.24 per Read More
Gold experienced an increase of over 3% on Tuesday, recovering from a nearly one-month low reached in the prior session, as market participants prepared for a lack of significant economic data this week resulting from a partial U.S. government shutdown. Spot gold increased by 3.7% to $4,837.16 per ounce by 0120, following a decline to Read More
Oil prices experienced a decline of nearly 5% on Monday, poised for the most significant single-session drop in over six months, following remarks from U.S. President Donald Trump indicating that Iran was “seriously talking” with Washington, which suggests a potential de-escalation with an OPEC member. Brent crude futures experienced a decline of $3.30, representing a Read More
Gold continued its decline on Monday, influenced by the upcoming increases in CME precious metals margin requirements that are set to take effect at the session’s close, while investors assessed U.S. President Donald Trump’s selection of Kevin Warsh for Fed chair and his stance on rate cuts. Spot gold experienced a decline of 3.3% at Read More
