Oil prices increased for a second consecutive session on Tuesday, as apprehensions regarding possible supply disruptions from the Middle East, stemming from the US-Iran conflict, overshadowed indications of a rebound in crude exports from the area. Officials from the US and Iran engaged in separate discussions with mediators in a renewed effort to conclude the Read More
Gold steadied on Tuesday but remained close to a more than seven-week low amid concerns that the Federal Reserve may maintain elevated interest rates for an extended period, while investors anticipated a series of US economic data releases. Spot gold remained relatively stable at $4,123.29 per ounce, as of 0038, following a decline to its Read More
Oil prices experienced a rebound of over 1% on Monday following US President Donald Trump’s dismissal of an Iranian peace proposal intended to address the conflict and facilitate the reopening of the Strait of Hormuz, thereby maintaining heightened tensions in the Middle East. Iran introduced a peace proposal at the UN General Assembly in New Read More
Gold prices declined on Monday as an increase in oil prices intensified inflation worries and bolstered anticipations of additional interest rate hikes by the Federal Reserve. Spot gold experienced a decline of 0.7%, trading at $4,254.77 per ounce as of 0010. US gold futures experienced a decline of 0.7%, settling at $4,289.70. Iran maintained that Read More
Oil prices declined by more than one percent on Friday as markets weighed the potential for a US-Iran truce against new security threats in the Middle East, particularly following a Houthi missile attack on Saudi Arabia that reignited concerns over supply disruptions. Negotiators from the US and Iran are currently engaged in discussions in New Read More
Gold prices experienced a decline on Friday, positioning themselves for a weekly downturn, influenced by a robust dollar and increasing anticipation that the US Federal Reserve will maintain elevated interest rates for an extended period to address inflationary pressures. Spot gold was down 0.2% at $4,270.40 per ounce, as of 0035, and has lost more Read More
Oil prices experienced a decline on Thursday following a 4% increase in the prior session. This shift comes as Iran indicated its willingness to engage in diplomatic efforts to resolve its conflict with the United States, despite ongoing divisions between the two parties regarding the path to an agreement. Iran and the United States continue Read More
Gold prices exhibited a subdued performance in early Asian trading on Thursday, as investors concentrated on the potential for additional interest rate increases by the Federal Reserve later this year. Spot gold remained unchanged at $4,285.31 per ounce, as of 0022. US gold futures for December delivery remained relatively stable at $4,321.40. US Treasury prices Read More
Oil prices experienced a slight decline on Wednesday as Saudi Arabia initiated the restoration of crude flows via a significant pipeline to the Red Sea. Concurrently, optimism regarding a potential diplomatic resolution in the US-Iran conflict increased in anticipation of discussions at the United Nations in New York. The actions followed a statement from US Read More
Gold prices remained subdued on Wednesday as investors assessed the likelihood of major central banks maintaining elevated interest rates for an extended period in their attempts to combat persistent inflation. Spot gold remained relatively stable at $4,356.92 per ounce, as of 0040. US gold futures for December delivery increased by 0.4%, reaching a price of Read More
