Oil prices stabilised in early trading on Thursday as investors evaluated the implications of the U.S.-Iran conflict and the safety of maritime routes through the Strait of Hormuz. Brent crude futures for October delivery increased by 25 cents, or 0.3%, reaching $91.87 a barrel as of 0037. In contrast, U.S. West Texas Intermediate crude futures Read More
Gold remained close to its peak in over two months on Thursday following an unexpected liquidity support announcement from the U.S. Treasury, which resulted in a decline in yields and the dollar. Spot gold remained relatively stable at $4,512.19 per ounce as of 0031, following a peak earlier in the day at $4,525.79, marking its Read More
Oil prices approached $92 per barrel in early trading on Wednesday amid escalating tensions in the Middle East. US President Donald Trump stated that the US is not in discussions with Iran, heightening concerns over supply, despite his assurance that the Strait of Hormuz remains open for traffic. Brent crude futures increased by 57 cents, Read More
Gold prices increased slightly in early Asian trade on Wednesday as U.S. Treasury yields declined from recent peaks, while market participants anticipated the release of the Federal Reserve’s meeting minutes. Spot gold increased by 0.2% to $4,342.33 per ounce as of 0030, following a decline of nearly 2% on Tuesday. Meanwhile, U.S. gold futures for Read More
Oil prices surged past $91 per barrel in early trading on Tuesday, as optimism for a resolution to the conflict in the Middle East waned. Iran announced a shift toward a more aggressive posture, while the United States dismissed the possibility of extending a ceasefire agreement, heightening concerns regarding energy supply. Brent crude futures increased Read More
Gold increased for a third consecutive session on Tuesday as concerns regarding a potential U.S. interest rate hike next month diminished, with investors looking forward to the minutes from the Federal Reserve’s most recent meeting for new insights on the trajectory of monetary policy. Spot gold increased by 0.2% to $4,424.28 per ounce as of Read More
Oil prices increased by more than one percent during early trading on Monday, attributed to a slowdown in tanker traffic thru the Strait of Hormuz over the weekend. This development occurs amidst the absence of a peace agreement between the United States and Iran, leaving the conflict in the Middle East unresolved. Brent crude futures Read More
Gold prices experienced a modest increase during early trading on Monday, buoyed by a weaker dollar and recent economic indicators that tempered expectations for a U.S. interest rate increase in the upcoming month. Spot gold increased by 0.3% to $4,388.62 per ounce as of 0028, while U.S. gold futures for December delivery rose by 0.2% Read More
Oil prices declined for a second consecutive session on Friday, despite the United States’ threat to maintain a naval blockade of Iran indefinitely, which has reignited concerns regarding crude supplies. The decision was made a day following a decline in oil prices attributed to a less optimistic forecast for global demand. Brent crude futures experienced Read More
Gold prices declined on Friday as investors took the opportunity to secure profits following a rise in non-yielding bullion to its highest level in over two months during the previous session. This movement was influenced by mild U.S. inflation data, which dampened expectations regarding a potential rate hike by the Federal Reserve in September. Spot Read More
