Oil prices increased by approximately 1% in early trading on Thursday following remarks from U.S. President Donald Trump, who indicated that Indian Prime Minister Narendra Modi had committed to halting oil purchases from Russia, a country that accounts for roughly one-third of India’s imports. Brent crude futures increased by 57 cents, representing a 0.9% rise, Read More
Gold soared to an all-time high on Thursday as investors sought refuge in the metal amid persistent geopolitical and economic uncertainties, fueled by expectations of U.S. interest rate cuts and a weakening dollar. Spot gold experienced an increase of 0.4%, reaching $4,224.79 per ounce as of 0033, following a peak of $4225.69. Gold futures in Read More
Oil prices declined in early trading on Wednesday, continuing the downward trend from the prior session, as investors considered the International Energy Agency’s caution regarding a potential supply surplus in 2026 alongside U.S.-China trade tensions that may adversely affect demand. Brent crude futures experienced a decline of 12 cents, representing a 0.19% decrease, settling at Read More
On Wednesday, gold prices rose, staying near record highs as investors sought the safety of bullion due to rising U.S.-China trade tensions that increased global uncertainty. Expectations of further U.S. interest rate cuts also played a role in this upward movement. Spot gold rose by 0.4% to $4,155.99 per ounce, as of 0032. Gold futures Read More
On Tuesday, oil prices experienced an uptick, driven by initial indications of a potential easing in U.S.-China trade tensions, which positively influenced market sentiment and mitigated worries regarding global fuel demand. U.S. Treasury Secretary Scott Bessent indicated on Monday that President Donald Trump is still dedicated to engaging with Chinese President Xi Jinping in South Read More
Gold prices soared to a record high on Tuesday, fueled by rising U.S.-China trade tensions that heightened overall uncertainty, increasing demand for safe-haven assets. At the same time, the expectation of U.S. rate cuts offered extra backing, leading silver to reach a historic high. Spot gold increased by 0.4% to $4,124.79 per ounce at 0029, Read More
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
