Oil prices experienced a slight increase on the inaugural trading day of 2026, following a significant annual decline in the previous year, the largest since 2020. This uptick comes as Ukrainian drones have targeted Russian oil facilities, coupled with a U.S. blockade that has impacted Venezuela’s exports. Brent crude futures increased by 14 cents on Read More
Precious metals started the New Year strong, with gold recovering from a recent drop and other metals reducing their losses, despite the impressive growth seen in 2025. The surge in gold prices was fueled by anticipations of a Federal Reserve rate reduction, increased geopolitical tensions, and strong demand from central banks. At the same time, Read More
Oil prices experienced a decline exceeding 10 percent in 2025, with Brent on track for its most extended period of annual losses to date. This downturn was driven by a supply surplus relative to demand, occurring in a year characterized by conflicts, increased tariffs, and OPEC+ production adjustments alongside sanctions imposed on Russia, Iran, and Read More
Gold and silver experienced declines on Wednesday; nonetheless, they are still poised for record-breaking annual gains as 2025 comes to an end. The surge in gold, fueled by Federal Reserve rate reductions and strong central bank interest, has reached a 66% rise so far this year. Silver has surged by 157% and is on track Read More
Oil prices experienced a slight decline early on Tuesday following a more than 2% increase in the previous session. This movement was partially influenced by a pullback in precious metals, even as escalating tensions between Russia and Ukraine continued to leave markets concerned about potential supply disruptions. Brent crude futures for February delivery, set to Read More
Gold hovered near a two-week low on Tuesday, a mark hit in the previous session, as year-end profit-taking led to a broad decline in all precious metals from the record highs reached earlier. Spot gold saw a rise of 0.4%, hitting $4,347.67 per ounce as of 0145, after peaking at $4,549.71 on Friday. On Monday, Read More
Oil prices experienced an uptick during early Asian trading on Monday as investors assessed the potential impact of Middle East tensions on supply disruptions, while significant challenges persist in the Russia-Ukraine peace negotiations. Brent crude futures increased by 57 cents, reflecting a 0.94% rise, reaching $61.21 per barrel as of 0112. Meanwhile, U.S. West Texas Read More
Gold prices declined on Monday following their ascent to record highs in the prior session, as certain investors took the opportunity to secure profits and the U.S. dollar experienced a slight strengthening. Nonetheless, geopolitical uncertainties and anticipations of U.S. interest rate reductions persisted in supporting the overall attractiveness of bullion. Spot gold was last down Read More
Oil prices experienced an uptick on Friday following the U.S. decision to impose heightened economic pressure on Venezuelan oil shipments, alongside the execution of airstrikes against Islamic State militants in northwest Nigeria at the behest of the Nigerian government. Brent crude futures experienced an increase of 24 cents, representing a 0.4% rise, reaching $62.48 per Read More
Gold reached new record highs on Friday as investors sought refuge in safe-haven assets in response to rising geopolitical tensions and a declining U.S. dollar, furthering a significant year-end rally in precious metals. Spot gold experienced an increase of 0.6%, reaching $4,506.76 an ounce by 21:55, following a surge to a new record high of Read More
