Oil prices experienced a modest increase on Tuesday following a four-day decline, as market participants anticipated updates regarding potential discussions between the US and Iran at the United Nations General Assembly this week. On Sunday, Iran and the United States exchanged threats, while US President Donald Trump expressed a willingness to meet with Iranian President Read More
Gold prices experienced a modest increase on Tuesday, influenced by a decline in US Treasury yields. However, the prospect of elevated interest rates constrained the extent of these gains. Spot gold increased by 0.3%, reaching $4,357.31 per ounce, as of 0052. US gold futures for December delivery increased by 0.3%, reaching a price of $4,395.00. Read More
Gold prices experienced a decline in early Asian trading on Monday, influenced by the latest tensions in the Middle East, which have heightened inflation concerns and bolstered expectations for elevated interest rates. Spot gold declined by 0.2%, trading at $4,368.33 per ounce as of 0027. US gold futures for December delivery experienced a decline of Read More
Oil prices declined on Monday as investors monitored a rebound in shipments from Saudi Arabia, even amid escalating tensions in the Middle East due to ongoing attacks by Yemeni Houthis, while the US and Iran continue to be at an impasse. Brent crude futures declined by 81 cents, equivalent to 0.78%, reaching $103.06 a barrel Read More
Oil prices declined by more than one percent on Friday, marking a continuation of losses for the third consecutive session, although both benchmarks continued to trade above the $100 per barrel threshold. Expectations that alternative routes may facilitate the flow of Middle Eastern barrels into global markets have overshadowed apprehensions regarding renewed hostilities between Saudi Read More
Gold inched higher on Friday, buoyed by declining oil prices and a subdued US dollar. Market participants remained attentive to developments in the Middle East and the broader outlook for global monetary policy. Spot gold increased by 0.3% to $4,352.60 per ounce, as of 0050. US gold futures for December delivery experienced a decline of Read More
Oil prices declined in early trade on Thursday, continuing the downward trend from the previous session, following reports that Saudi Arabia was providing additional crude cargoes via Oman, which alleviated concerns regarding supply disruptions in the Middle East. The latest move followed Saudi Arabia’s provision of additional crude loadings to Asian refiners via ship-to-ship transfers Read More
Gold prices experienced a slight uptick on Thursday following a near six-week low observed in the previous session. This movement comes as investors evaluate the implications of the U.S. Federal Reserve’s recent interest-rate hike and the indication that additional tightening measures may be on the horizon. Spot gold increased by 0.5% to $4,283.45 per ounce Read More
Oil prices declined on Wednesday following an unexpected increase in U.S. crude inventories, as investors evaluated supply risks after Saudi Arabia halted oil loadings at its Yanbu port in the wake of an attack on its East-West pipeline to the Red Sea. Brent crude futures declined by 93 cents, representing a decrease of 0.86%, settling Read More
Gold prices were subdued on Wednesday as market participants prepared for the U.S. Federal Reserve’s policy decision, with a rate hike widely anticipated. Spot gold was down 0.1% at $4,288.48 per ounce, as of 0143, following a decline to a more than one-month low on Monday. U.S. gold futures for December delivery experienced a decline Read More
