Oil prices experienced an uptick on Wednesday as traders assessed the likelihood of supply disruptions stemming from a storm approaching US oil-producing regions, alongside attacks by Yemen’s Iran-backed Houthis on Saudi Arabia, in contrast to increasing shipments of Middle East crude. US forecasters indicated on Tuesday that a storm forming in the Gulf of Mexico Read More
Gold prices remained unchanged on Wednesday as attention turned to the minutes from the US Federal Reserve’s meeting for new insights into the trajectory of monetary policy. Spot gold remained relatively stable at $4,159.62 per ounce as of 0038. US gold futures for December delivery stabilised at $4,187.30. Minutes from the September Federal Open Market Read More
Oil prices exhibited volatility on Tuesday, as consistent crude exports from the Middle East and a proposed G7 emergency stockpile release alleviated supply concerns. However, ongoing attacks by Yemen’s Houthis on Saudi targets maintained traders’ vigilance regarding potential risks to Gulf oil flows. Supply concerns diminished following the agreement among G7 nations on Friday to Read More
Gold prices remained relatively stable on Tuesday, as a stronger dollar countered the support stemming from diminishing expectations of a Federal Reserve rate increase this month. Spot gold maintained its position at $4,141.81 per ounce by 0033. US gold futures for December delivery increased by 0.3%, reaching a price of $4,169.10. The dollar maintained its Read More
Oil prices experienced a decline on Monday, influenced by increased crude exports from the Middle East and the Group of Seven nations’ intentions to release oil stocks, which contributed to supply levels. This occurred despite ongoing concerns regarding the potential for additional damage to Gulf oil infrastructure in the context of the Iran war. Brent Read More
Gold prices experienced a modest increase during early trading in Asia on Monday, as recent weak economic indicators diminished the likelihood of a Federal Reserve rate hike in October. Spot gold increased by 0.3% to $4,153.32 per ounce as of 0022. US gold futures for December delivery increased by 0.5%, reaching a price of $4,182.40. Read More
Oil prices experienced a modest increase on Friday following China’s decision to suspend fuel exports. Concurrently, the United States considered further military deployments to the Middle East, which heightened apprehensions regarding a possible escalation of tensions with Iran and the potential for additional disruptions to regional energy supplies, as reported. Brent crude was last noted Read More
Gold prices experienced a decline on Friday, positioning themselves for a second consecutive weekly drop. This movement was influenced by a stronger US dollar and heightened Treasury yields, as investors anticipated critical US payrolls data to provide insights into the Federal Reserve’s policy trajectory. Spot gold declined by 0.6% to $4,154.78 per ounce as of Read More
Oil prices remained relatively stable on Thursday following an increase in the previous session, as investors evaluated the potential for a recovery in West Asian crude supply to counterbalance persistent concerns regarding the region. Brent crude was trading near $98 a barrel after reaching $104 during Wednesday’s intraday trade. West Texas Intermediate for November delivery Read More
Gold prices remained unchanged on Thursday, as investors looked to US jobs data for insights into the Federal Reserve’s trajectory regarding interest rates. Spot gold remained relatively stable at $4,146.66 per ounce, as of 0027. US gold futures for December delivery declined by 0.3%, settling at $4,177.00. The pivotal US nonfarm payrolls report for September Read More
