On Monday, oil prices remained mostly stable as investors looked at how Ukrainian drone attacks on Russian refineries might affect crude and fuel exports. They were also considering the growth in fuel demand in the U.S. Brent crude futures increased by 3 cents to $67.02 a barrel at 0009, while U.S. West Texas Intermediate crude Read More
Gold prices remained stable on Monday, staying close to a record high, as investors turned their attention to the upcoming U.S. Federal Reserve meeting this week, where it is anticipated that policymakers will announce a rate cut after a series of disappointing reports. Gold maintained its position at $3,636.73 per ounce, as of 0031. Bullion Read More
Oil prices increased on Friday following a Ukrainian drone strike that halted shipments from the biggest port in western Russia, though the rise was limited by worries over U.S. demand. Brent crude futures closed at $66.99 a barrel, an increase of 62 cents, or 0.93%. The price of U.S. West Texas Intermediate crude closed at Read More
Gold prices increased on Friday, staying near the record highs reached earlier this week. This rise came as indications of a weakening U.S. labor market strengthened expectations that the Federal Reserve will implement its first rate cut of the year next week. Spot gold increased by 0.4% to $3,649.54 per ounce at 09:19 a.m., staying Read More
Oil prices experienced a slight decline on Friday, following significant drops in the previous session. This movement was driven by concerns regarding a potential weakening of U.S. demand and a general oversupply, which overshadowed apprehensions about supply disruptions stemming from conflicts in the Middle East and the ongoing war in Ukraine. Brent crude futures declined Read More
Gold prices increased on Friday, positioning themselves for a fourth consecutive weekly gain, as apprehensions regarding a declining U.S. labor market overshadowed inflation worries in anticipation of a forthcoming Federal Reserve rate cut next week. Spot gold rose 0.1% to $3,637.06 per ounce as of 0059 GMT. Bullion has increased by 1.4% thus far this Read More
On Thursday, oil prices remained unchanged, reflecting a moderation from the prior session. This stability can be attributed to subdued demand in the United States and overarching concerns regarding oversupply, which overshadowed apprehensions related to conflicts in the Middle East and the ongoing war in Ukraine. Brent crude futures experienced an increase of 1 cent, Read More
Gold experienced a modest increase on Thursday, as the release of softer-than-anticipated U.S. producer price index data bolstered existing strong expectations for a Federal Reserve interest rate cut in the upcoming week. Meanwhile, investors remained attentive to forthcoming key consumer inflation data for additional insights. Spot gold was up 0.1% at $3,645.04 per ounce, as Read More
Oil prices experienced an uptick on Wednesday following Israel’s assault on Hamas leadership in Qatar, alongside U.S. President Donald Trump’s call for Europe to implement tariffs on purchasers of Russian oil. However, a subdued market outlook limited the extent of these gains. Brent crude futures increased by 35 cents, representing a 0.53% rise, reaching $66.74 Read More
Gold prices remained unchanged on Wednesday, as investors anticipated important inflation reports scheduled for later this week. Meanwhile, the prospect of a U.S. interest rate cut this month contributed to maintaining bullion above the significant $3,600-per-ounce threshold. Spot gold maintained its position at $3,624.39 per ounce, as of 0101 GMT, following a record high of Read More
