Oil prices declined by over $1 on Thursday following revisions by major forecasters to their projections for global oil demand in 2026, attributing the changes to disruptions stemming from the U.S.-Israeli conflict involving Iran. However, supply concerns stemming from the conflict persisted in offering some support to prices. Brent futures experienced a decline of $1.29, Read More
Gold reached a peak not seen in over two months on Thursday, as subdued U.S. consumer inflation dampened anticipations of a forthcoming Federal Reserve rate increase, while markets looked forward to producer price data for additional indications of easing price pressures. Spot gold increased by 0.6% to $4,433.62 per ounce by 0108, following a rise Read More
Oil prices continued to rise on Wednesday amid uncertainty surrounding a potential US-Iran peace agreement and new assaults on shipping, which heightened concerns over additional supply disruptions in the Middle East. The rise occurred notwithstanding industry data indicating a growth in US crude inventories. Brent crude futures increased by 72 cents, or 0.81%, reaching $89.63, Read More
Gold strengthened on Wednesday following a decline from a 10-week peak in the prior session, as investors looked ahead to U.S. inflation data for insights into monetary policy, while ongoing tensions in the Middle East sustained worries regarding inflation driven by oil prices. Spot gold increased by 0.3% to $4,377.79 per ounce as of 0055. Read More
Oil prices continued to rise for a second consecutive session on Tuesday, building on a more than 5% increase on Monday. The diminishing prospects of a US-Iran agreement to resolve the conflict and reopen the Strait of Hormuz have contributed to prices remaining close to their highest levels in over a week. Brent crude futures Read More
Gold increased for a third consecutive session on Tuesday, reaching a peak not seen in over two months, as market participants concentrated on forthcoming inflation data for indications regarding the U.S. interest-rate trajectory. Spot gold increased by 0.5% to $4,411.77 per ounce as of 0030, marking its highest level since June 5. U.S. gold futures Read More
Oil prices increased on Monday as market uncertainty regarding the reopening of the Strait of Hormuz reemerged. Iran announced that a deal with Oman to establish new shipping lanes is nearing completion; however, it emphasised that the United States must fulfilll further conditions prior to the reopening of the waterway. Brent crude futures increased by Read More
Gold maintained its position in early Asian trading on Monday following a seven-week high reached on Friday, as investors anticipated important inflation reports scheduled for later this week that may provide insights into interest rate movements. Spot gold remained relatively stable at $4,339.59 per ounce as of 0017, following a notable gain of over 7% Read More
Oil prices continued to rise for a second consecutive session on Friday, driven by renewed concerns regarding the Strait of Hormuz. This development follows Iran’s proposal, in collaboration with Oman, to restrict the passage of vessels deemed hostile and to impose significant penalties on those who violate the proposed regulations. Brent crude futures increased by Read More
Gold steadied on Friday and was on track for its largest weekly gain since January, supported by declining oil prices, as investors anticipated crucial U.S. nonfarm payrolls data for insights into the interest rate outlook. Spot gold remained relatively stable at $4,235.57 per ounce as of 0045, reflecting a weekly increase of 4.8%. U.S. gold Read More
