Oil prices surged over $2 a barrel on Thursday after Iran declared the closure of the Strait of Hormuz, the critical shipping route, in response to further U.S. strikes on Iranian targets. Iran’s leading joint military command announced on Thursday that the Strait of Hormuz is closed to oil tankers and commercial vessels, cautioning that Read More
Gold reached a low not seen in over six months on Thursday, as new U.S. military actions in Iran propelled oil prices upward, intensifying worries regarding inflation and the persistence of elevated interest rates. Spot gold experienced a decline of 0.2%, trading at $4,063.87 per ounce as of 0043, following a drop to its lowest Read More
Oil prices experienced a rebound of approximately 1% on Wednesday, following a decline to a seven-week low in the prior session. This recovery was bolstered by a recent Iranian response to U.S. military strikes, which has further undermined prospects for peace. The recent escalation occurred after the U.S. military engaged Iranian positions, following President Donald Read More
Gold prices declined by over 1% on Wednesday, coinciding with an increase in oil prices due to renewed hostilities between the U.S. and Iran, which heightened concerns regarding inflation and potential interest rate hikes. Spot gold declined by 1.4%, reaching $4,203.20 per ounce as of 0050. Bullion reached its lowest point since March 23 on Read More
Oil prices surged over $4 a barrel on Monday following Israel’s renewed strikes on Iran and Lebanon, occurring in the context of an ongoing ceasefire. The renewed escalation has extinguished hopes for a resolution to the broader regional conflict and heightened concerns regarding the potential resumption of crude shipments through the Strait of Hormuz. Brent Read More
Gold prices fell for the third straight session on Tuesday, influenced by rising Treasury yields, as the continuing conflict in the Middle East intensified worries about inflation and possible interest rate increases. Spot gold decreased by 0.2% to $4,319.98 per ounce as of 0100. Bullion reached a low not observed in over two months on Read More
Oil prices surged over $3 a barrel on Monday following Israel’s recent strikes on Lebanon on Sunday, even in the context of a prevailing ceasefire between the nations. The renewed escalation has extinguished hopes for a resolution to the wider regional conflict and heightened worries regarding the potential resumption of crude shipments via the Strait Read More
Gold experienced a decline on Monday, continuing the downward trend from the prior session amid concerns regarding U.S. interest rate hikes. In contrast, escalating tensions in the Gulf region led to an increase in oil prices, heightening inflation worries. Spot gold decreased by 0.2%, reaching $4,321.49 per ounce as of 0124. Prices declined approximately 3% Read More
Oil prices remained relatively stable on Friday, following significant declines in the prior session. This stability comes amid diminishing expectations for a swift resolution to the U.S.-Israeli conflict with Iran, particularly after Hezbollah dismissed a new ceasefire proposal in Lebanon. Brent crude futures declined by 21 cents, representing a decrease of 0.22%, settling at $95.24 Read More
Gold prices fell on Friday, setting the stage for a weekly loss, as rising tensions in the Middle East dampened hopes for a U.S.-Iran peace deal, alongside growing inflation and worries about possible interest rate increases. Spot gold fell by 0.3%, trading at $4,462.22 per ounce, as of 0049. It has decreased by about 1.6% Read More
