Gold prices continued their remarkable ascent on Wednesday, driven by ongoing market uncertainty and increasing investor optimism regarding a potential interest rate cut by the U.S. Federal Reserve this month, which bolstered demand for the safe-haven metal. Spot gold experienced a modest increase of 0.1%, reaching $3,537 per ounce as of 0145 GMT, following a Read More
On Tuesday, oil prices experienced an uptick, driven by increasing apprehensions regarding potential supply disruptions in light of the intensifying conflict between Russia and Ukraine. Brent crude increased by 40 cents, representing a rise of 0.59%, reaching $68.55 a barrel by 0149 GMT. Meanwhile, U.S. West Texas Intermediate crude stood at $65.06 a barrel, reflecting Read More
Gold prices reached an unprecedented peak on Tuesday, marking a sixth consecutive session of increases, driven by a depreciating dollar and heightened expectations of a U.S. interest rate reduction this month. Spot gold experienced an increase of 0.5%, reaching $3,492.26 per ounce, following its peak at $3,508.50. U.S. gold futures for December delivery increased by Read More
Oil prices exhibited limited volatility on Monday, as concerns regarding increasing production and the effects of U.S. tariffs on demand counterbalanced supply interruptions resulting from escalated airstrikes between Russia and Ukraine. Brent crude experienced a decline of 12 cents, representing a decrease of 0.18%, settling at $67.36 per barrel by 0046 GMT. Meanwhile, U.S. West Read More
For the first time in nearly three decades, central banks around the globe have accumulated more gold than U.S. Treasuries. This development underscores a significant transformation in global reserve management, influenced by risks associated with sanctions, apprehensions regarding debt, and an ongoing pursuit of diversification. As of May, global official gold holdings reached 36,344 tonnes, Read More
Oil prices declined on Friday as traders anticipated diminished demand in the U.S., the largest oil market globally, alongside an increase in supply this autumn from OPEC and its allies. Brent crude futures for October delivery, which expired on Friday, settled at $68.12 a barrel, reflecting a decrease of 50 cents, or 0.73%. The more Read More
Gold prices increased approximately 1% on Friday and were on track for their strongest monthly performance since April, as U.S. inflation data bolstered expectations that the Federal Reserve may lower interest rates in the upcoming month. Spot gold experienced an increase of 0.8%, reaching $3,443.19 per ounce as of 1:53 p.m. ET (1753 GMT), marking Read More
Oil prices were little changed on Friday as traders remained cautious about frequent and steeper rate hikes by the U.S. Federal Reserve, concerns that have triggered a rout in energy prices over the last three days. Brent futures , which fell about 5% over the last three days, were up marginally from near-three week lows Read More
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of potential increases to European interest rates. Brent crude futures were up 33 cents, or 0.41%, at $81.08 a barrel by 3:35 p.m. ET. U.S. West Texas Intermediate (WTI) Read More
Gold prices were set to break their three-session winning run on Thursday, weighed down by a firmer dollar and as bullion’s outlook remains clouded by prospects of further interest rate hikes from the U.S. Federal Reserve. Spot gold was down 0.3% at $1,831.70 per ounce, after hitting a one-week peak in the previous session. U.S. Read More
