Oil prices experienced a slight decline on Friday morning as investors assessed the risks associated with the Middle East and contemplated potential US measures to relax restrictions on the global “shadow fleet” of tankers. Brent crude futures declined by 41 cents, or 0.39%, settling at $105.51 a barrel by 0012. Meanwhile, US West Texas Intermediate Read More
Gold prices experienced a slight decline during early trading in Asia on Friday, following a rise of over 1% in the prior session, as market participants sought to assess the Federal Reserve’s forthcoming policy direction. Spot gold experienced a decline of 0.4%, settling at $4,152.99 per ounce as of 0005. This follows an increase in Read More
Oil prices declined by over $1 in early trading on Thursday as investors assessed the potential supply risks stemming from attacks on shipping routes through the Strait of Hormuz, juxtaposed with US initiatives aimed at reducing petroleum shipping costs by relaxing sanctions on vessels. Brent crude futures declined by $1.39, representing a decrease of 1.31%, Read More
Gold prices remained relatively stable on Thursday, following a decline to a one-week low in the prior session, as elevated inflation data heightened expectations for a potential rate increase by the US Federal Reserve this month. Spot gold remained relatively stable at $4,114.57 per ounce as of 0007, following a decline to its lowest level Read More
Oil prices increased by more than one percent on Wednesday following an attack on an administrative building associated with Saudi Arabia’s state-owned oil company, Saudi Aramco, located in the eastern city of Dhahran. The Energy Ministry reported that the incident resulted in a limited fire. Markets assessed the potential for supply disruptions stemming from the Read More
Gold prices remained unchanged during early Asian trading on Wednesday as market participants prepared for US consumer price data that could influence expectations regarding the Federal Reserve’s forthcoming policy decision. Spot gold remained relatively stable at $4,161.05 per ounce as of 0011. US gold futures increased by 0.2%, reaching a price of $4,185.00. The US Read More
Oil prices experienced a decline on Tuesday, following an increase of nearly $2 a barrel in the prior session. Traders are currently assessing the supply risks stemming from attacks on Saudi Arabia, juxtaposed with the potential for increased diesel supplies from Russia. US President Donald Trump stated that Russia had consented to provide diesel to Read More
Gold prices exhibited a subdued performance on Tuesday, as market participants directed their attention toward the impending US inflation data for new insights regarding the Federal Reserve’s interest-rate path. Spot gold experienced a decline of 0.2%, trading at $4,161.81 per ounce as of 0015, following a peak not seen in a week during the prior Read More
Oil prices declined on Monday, influenced by anticipations of heightened Russian supplies, following US President Donald Trump’s announcement that Ukraine and Russia had reached an agreement to cease hostilities against each other’s energy infrastructure. The announcement came in the wake of a US agreement with Moscow regarding the provision of diesel supplies. Trump announced the Read More
Gold prices remained unchanged in early Asian trading on Monday, as market participants prepared for significant US inflation data this week that may provide new insights into the Federal Reserve’s forthcoming interest rate decisions. Spot gold steadied at $4,200.23 per ounce by 0010 after reaching a one-week high on Friday. US gold futures for December Read More
