Oil prices experienced a rebound on Tuesday, driven by concerns regarding the insufficient details in a preliminary agreement aimed at concluding the conflict between the U.S. and Iran. Additionally, there is a growing awareness that the resumption of supply through the crucial Strait of Hormuz may require more time than previously anticipated. Brent crude futures Read More
Gold prices held steady on Tuesday, after reaching a high not observed in more than a week during the prior session. Investors are eagerly awaiting more details about the U.S.-Iran peace agreement. Spot gold rose by 0.1% to $4,311.36 per ounce as of 0049, after a more than 2% increase on Monday, marking its highest Read More
Oil prices fell to their lowest point since March on Monday following statements from U.S. President Donald Trump and Iran’s deputy foreign minister, indicating that an initial agreement had been made to conclude the conflict and resume shipping through the Strait of Hormuz. Brent crude futures decreased by $3.58, representing a 4.10% drop, settling at Read More
Gold experienced a 2% increase on Monday following announcements from U.S. and Iran officials regarding a preliminary agreement to resolve their conflict. This development contributed to a decline in oil prices and alleviated worries surrounding inflation and rising interest rates. Spot gold increased by 2% to $4,304.11 per ounce, as of 0122, reaching its highest Read More
Oil prices fell to reach a two-month low on Friday following U.S. President Donald Trump’s decision to abandon plans for military strikes on Iran. This development alleviated worries about a potential escalation in tensions, which had intensified earlier in the week after both parties engaged in attacks. Brent crude futures decreased by $1.21, representing a Read More
Gold prices declined on Friday, marking a second consecutive weekly loss. This downturn was influenced by ongoing inflation concerns and increasing expectations of an interest rate hike by the U.S. Federal Reserve. However, renewed optimism regarding a potential U.S.-Iran peace agreement helped to limit the decline. Spot gold was last down 0.7% at $4,182.44 an Read More
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
