Oil prices recovered some ground on Monday following a decline to five-month lows in the prior session, as investors speculated that potential discussions between the presidents of the U.S. and China might alleviate trade tensions between the two largest economies and oil consumers. Brent crude futures increased by 87 cents, representing a 1.39% rise, reaching Read More
Gold prices soared to a record high on Monday, driven by increased demand for safe-haven assets due to escalating U.S.-China trade tensions. Moreover, broad economic and political uncertainties, along with expectations of additional cuts in U.S. interest rates, offered further support. Spot gold saw a rise of 0.6%, hitting $4,043.14 per ounce at 0059, after Read More
Brent and U.S. crude futures declined by over $2 a barrel, representing a drop of more than 3%, on Friday. This decrease was influenced by U.S. President Donald Trump’s warning of potential increased tariffs on China, which has raised concerns regarding the demand outlook in a market perceived to be oversupplied. “The sell-off was driven Read More
Gold retraced some of its gains on Friday after momentarily surpassing the $4,000 per ounce threshold for the second time this week, as U.S. President Donald Trump’s caution regarding potential new tariffs on China intensified a movement towards safe-haven assets. Spot gold experienced an increase of 0.4%, reaching $3,989.49 per ounce as of 1:40 pm. Read More
Oil prices exhibited minimal variation during early Asian trading on Friday, following a decline exceeding 1% in the prior session. This stability in prices can be attributed to the diminishing war risk premium in the market, subsequent to the agreement between Israel and Hamas on the initial phase of a plan aimed at concluding the Read More
Gold experienced a modest increase on Friday, positioning itself for an eighth consecutive weekly gain. This uptick is attributed to ongoing geopolitical and economic uncertainties, coupled with anticipations of interest rate reductions from the U.S. Federal Reserve, which have collectively enhanced demand for the precious metal. Spot gold increased by 0.1% to $3,977.87 per ounce Read More
As a result of the agreement reached between Israel and Hamas over the first phase of a plan to resolve the war in Gaza, the price of oil suffered a fall in the early trading hours of Thursday. As a result of this development, the war risk premium associated with oil has decreased, which has Read More
Gold experienced a decline on Thursday, as investors took profits following the previous day’s surge, which saw bullion surpass the significant $4,000-per-ounce threshold, reaching an all-time high amid economic and geopolitical uncertainties, alongside expectations for further U.S. interest rate reductions. Spot gold decreased by 0.4% to $4,021.99 per ounce as of 0117, following a record Read More
As a result of the absorption of OPEC+’s decision to limit production increases for November, oil prices enjoyed a slight boost in early trade on Wednesday. This was due to the fact that market players began to temporarily set aside concerns of oversupply. As of 0045, the price of a barrel of Brent crude futures Read More
Gold prices have exceeded the $4,000 per ounce threshold in international markets, representing a significant milestone fueled by increased investor interest in safe-haven assets. The precious metal reached an unprecedented peak of $4,002.53 in spot trading, while December gold futures on the U.S. Commodity Exchange increased by 0.5% to $4,025 per ounce. The rally is Read More
