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
Oil prices experienced a slight decline on Thursday following a ceasefire agreement between Israel and Lebanon, which has sparked optimism regarding a potential broader diplomatic resolution that may ultimately resolve the U.S.-Israeli tensions with Iran. Sentiment was further shaped by the U.S. House of Representatives’ approval of a resolution designed to restrict President Donald Trump’s Read More
Gold prices experienced an uptick on Thursday, buoyed by declining crude oil prices and a softer dollar, as investors evaluated the revitalised hopes for a resolution to the U.S.-Israeli conflict involving Iran. Spot gold increased by 0.7% to $4,461.09 per ounce, as of 0218. U.S. gold futures for August delivery increased by 0.5%, reaching a Read More
Oil prices experienced an increase exceeding 1% during early trading on Wednesday, driven by renewed tensions in the Middle East that unsettled markets. Iran has initiated missile launches targeting Kuwait and Bahrain, amidst a backdrop where attempts to rejuvenate diplomatic relations between Tehran and Washington seem to be yielding minimal progress. According to the U.S. Read More
Gold prices fell on Wednesday, affected by the renewed conflicts in the Middle East, which also caused crude oil prices to rise. This development has heightened worries about the ongoing presence of high interest rates as a strategy to manage inflation. Spot gold fell by 0.2%, settling at $4,476.50 per ounce as of 0103. Gold Read More
