Crude oil prices continued their downward trajectory on Thursday, following a significant 9% drop in the prior session, as markets evaluated the ramifications of the Democrats’ decisive win over Republicans in the US midterm elections. The political setback heightened expectations that increasing pressure on the Republican Party might compel the Trump administration to pursue a Read More
Gold prices experienced an uptick on Thursday, following their most significant daily increase since mid-August in the prior session. This rise was supported by a depreciating US dollar, as investors looked ahead to this week’s non-farm payrolls report for insights into the Federal Reserve’s policy direction. Spot gold increased by 0.6% to $4,082.76 per ounce Read More
Oil prices fell by half a percent on Wednesday as investors anticipated the results of the US midterm elections and evaluated their potential impact on peace negotiations in the Middle East. The losses occurred even in light of industry data indicating an unforeseen reduction in US crude inventories last week. Vote counting was in progress Read More
Gold prices experienced a modest increase during early Asian trading on Wednesday, as declining oil prices alleviated inflation worries. Meanwhile, investors remained attentive to the outcomes of the US midterm elections and significant labour market data for insights into policy direction. Spot gold increased by 0.2% to $3,934.75 per ounce at 0024, while US gold Read More
Oil prices experienced a modest increase on Tuesday after a significant decline in the prior session, prompted by reports of a U.S. strike on Iran’s Qeshm Island. This development has heightened concerns regarding a potential escalation of the ongoing eight-month conflict and the likelihood of extended disruptions to oil supplies from the Middle East. Source Read More
Gold prices experienced a modest increase during early Asian trading on Tuesday, following a significant rise of over 2% in the prior session. This uptick comes as a notable decline in oil prices has alleviated inflation worries, while market participants remain attentive to the results of the US midterm elections scheduled for later in the Read More
Oil prices experienced a notable decline of more than 2% on Monday, as discussions between Iranian and Qatari officials extended into a third consecutive day. These negotiations aim to reach an agreement to conclude the US-Israeli conflict with Iran that commenced in February of this year. Brent crude futures declined by $2.27, representing a 2% Read More
Gold prices experienced a slight increase during early Asian trading on Monday, yet remained close to a one-year low. Ongoing concerns regarding inflation have bolstered expectations that the Federal Reserve may implement interest rate hikes later this year, thereby diminishing the attractiveness of bullion. Spot gold increased by 0.5% to $3,894.89 per ounce as of Read More
Oil prices experienced an uptick on Friday, October 30, as market participants evaluated the likelihood of the United States reinstating military actions against Iran, which heightened apprehensions regarding regional stability and the potential for disruptions in energy supplies. Brent crude increased to $118, reflecting a 2.5% rise per barrel. US West Texas Intermediate crude gained Read More
Gold prices experienced a decline in early Asian trading on Friday, following a drop of over 1% in the prior session. This movement is attributed to persistent inflation in the United States, which has heightened expectations for additional rate hikes by the Federal Reserve, thereby exerting downward pressure on bullion. Spot gold experienced a decline Read More
