Oil prices experienced a slight decline on Thursday as investors evaluated the uncertainty stemming from renewed military actions between the U.S. and Iran. This latest escalation has heightened concerns regarding potential disruptions to oil supplies from the Middle East. U.S. President Donald Trump stated on Wednesday that the revitalised U.S. campaign against Iran would not Read More
Gold maintained its position in early Asian trading on Thursday as investors anticipated the release of U.S. nonfarm payrolls data, which may influence expectations regarding the Federal Reserve’s forthcoming policy decisions. Spot gold maintained its position at $4,386.28 per ounce as of 0046. Prices rebounded from a near one-month low on Wednesday as the U.S. Read More
Oil prices increased by more than 2% on Wednesday, building on the significant gains from the prior session, as concerns about potential supply disruptions intensified following overnight strikes exchanged between the US and Iran. The escalation has diminished expectations for a swift alleviation of tensions in the Middle East. The United States announced that it Read More
Gold reached a low not seen in over two weeks on Wednesday, influenced by rising U.S. Treasury yields and a stronger dollar, as investors looked to upcoming U.S. jobs data for insights into the trajectory of interest rates. Spot gold stabilised at $4,333.49 per ounce by 0017 following a decline to its lowest level since Read More
Oil prices increased on Tuesday as renewed hostilities between the U.S. and Iran in the Middle East rekindled worries about possible supply interruptions from the globe’s primary crude-producing area. U.S. President Donald Trump on Monday issued a warning of additional strikes against Iran following a direct exchange of attacks between the two nations for the Read More
Gold prices remained stable on Tuesday as traders evaluated tensions in the Middle East and anticipated important U.S. labour market data set to be released this week, which could influence expectations regarding Federal Reserve monetary policy. Spot gold maintained its position at $4,454.68 per ounce by 0057, following a decline to its lowest level since Read More
Oil prices increased by over $2 a barrel on Monday following the United States’ military action against an Iranian island in the Strait of Hormuz, which elicited a response from Tehran as the conflict in the Middle East reached its sixth month. U.S. forces on Sunday targeted two launchers located on Iran’s Larak island in Read More
Gold prices remained unchanged on Monday, following a decline of over 3% in the prior session, which was prompted by U.S. Federal Reserve Chair Kevin Warsh’s remarks indicating that interest rate increases might be necessary. Spot gold maintained its position at $4,455.29 per ounce by 0011, following a decline to its lowest level since August Read More
Oil prices experienced a decline on Friday, marking the potential for their first weekly decrease in three weeks. This movement occurred despite a rise in the previous session, which was influenced by a report indicating that U.S. President Donald Trump was disinterested in reverting to the terms of a prior agreement with Iran. Brent crude Read More
Gold prices exhibited a subdued performance in early Asian trading on Friday, as markets prepared for the highly anticipated remarks from U.S. Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Spot gold was down 0.2% at $4,589.85 per ounce, as of 0041. U.S. gold futures experienced a decline of 0.5%, settling at $4,642.60. Read More
