Gold prices held steady on Tuesday after a nearly 2% rise in the previous session, as the increasing probability of a U.S. rate cut in December balanced out the dollar’s strength. Spot gold saw a decrease of 0.2%, trading at $4,132.20 per ounce, as of 0107. Bullion rose by 1.8% on Monday, hitting $4,139.80, the Read More
Oil prices declined on Monday, continuing the downward trend from the previous week, as negotiations for peace between Russia and Ukraine progressed towards a resolution, coupled with a strengthening of the U.S. dollar. Brent crude futures experienced a decline of 14 cents, equivalent to 0.22%, settling at $62.42 per barrel as of 0148. West Texas Read More
Gold prices fell on Monday, impacted by a strong dollar near six-month highs and lowered expectations for a December interest rate cut by the U.S. Federal Reserve. Spot gold saw a decrease of 0.3%, trading at $4,051.48 per ounce, as of 0132. Gold futures in the U.S. for December delivery rose by 0.7%, hitting $4,049.50 Read More
Oil prices continued their downward trajectory for a third consecutive session on Friday, influenced by the U.S. advocacy for a peace agreement between Russia and Ukraine, which could potentially increase oil supplies in the global market. Concurrently, uncertainty surrounding U.S. interest rate reductions has dampened investor risk appetite. Brent crude futures experienced a decline of Read More
Gold prices fell on Friday and seemed set for a weekly drop, as a stronger-than-expected U.S. jobs report raised expectations that the Federal Reserve will probably refrain from cutting rates at its December meeting. Spot gold saw a decrease of 0.2%, trading at $4,062.79 per ounce, as of 0157. Bullion has seen a drop of Read More
Oil prices experienced a modest increase on Thursday, rebounding from declines observed in the prior session, as market participants evaluated the most recent U.S. initiatives aimed at resolving the conflict in Ukraine and braced for an impending U.S. deadline regarding operations with two significant Russian oil companies. Brent crude futures increased by 21 cents, representing Read More
Gold prices saw a slight uptick on Thursday as investors looked forward to the delayed U.S. jobs report, which could offer additional clarity on the Federal Reserve’s interest rate trajectory. Spot gold rose by 0.3% to $4,092.98 per ounce, as of 0153. Gold futures in the U.S. for December delivery rose by 0.2%, hitting $4,092.70 Read More
Oil prices declined on Wednesday following an industry report indicating an increase in crude and fuel inventories in the U.S., the largest consumer of crude globally. This development has intensified worries that supply is outpacing demand in the market. Brent crude futures experienced a decline of 28 cents, equivalent to 0.43%, settling at $64.61 per Read More
Gold prices held steady on Wednesday, with investors awaiting the release of minutes from the Federal Reserve’s latest policy meeting and the U.S. jobs report, which could offer additional clarity on the central bank’s interest rate trajectory. Spot gold held steady at $4,069.44 per ounce, as of 0120. Gold futures in the U.S. for December Read More
On Tuesday, oil prices experienced a decline as supply concerns diminished following the resumption of loadings at a Russian export hub, which had been temporarily interrupted by a Ukrainian drone and missile strike. Meanwhile, traders remained focused on evaluating the effects of Western sanctions on Russian oil flows. Brent crude futures experienced a decline of Read More
