Oil prices declined on Thursday as investors considered indications of advancement in negotiations between Iran and Oman, which may pave the way for a peace agreement between the U.S. and Iran. This development could potentially bring an end to the five-month conflict and facilitate the reopening of the Strait of Hormuz. Brent crude futures declined Read More
Gold experienced an increase for the fourth consecutive session on Thursday, reaching its highest level in seven weeks. This rise was supported by a weaker dollar and declining Treasury yields, fuelled by increasing optimism regarding the reopening of the Strait of Hormuz. Spot gold increased by 1% to $4,285.69 per ounce as of 0035, reaching Read More
Oil prices continued their decline for a third consecutive session on Wednesday as investors monitored progress regarding initiatives to resolve the U.S.-Iran conflict and restore commercial shipping through the Strait of Hormuz. Brent crude futures experienced a decrease of $1.1, representing a 1.34% decline, settling at $78.30 per barrel. Meanwhile, U.S. West Texas Intermediate crude Read More
Gold inched up on Wednesday, supported by a softer dollar, as market participants prepared for the forthcoming key U.S. jobs data to gauge the U.S. Federal Reserve’s next monetary policy move. Spot gold experienced an increase of 0.1%, reaching $4,081.09 per ounce, as of 0040. U.S. gold futures experienced a decline of 0.4%, settling at Read More
Oil prices increased slightly on Tuesday following significant declines in the prior session, as apprehensions regarding supply risks in the Middle East reemerged amid diminishing expectations for a diplomatic resolution in the U.S.-Iran conflict that has impacted shipments. Front month Brent crude futures increased by $0.71, or 0.8%, reaching $84.50 a barrel following a decline Read More
Gold maintained its position on Tuesday as investors assessed mixed signals regarding potential U.S.-Iran discussions while anticipating a series of U.S. employment reports for insights into the Federal Reserve’s trajectory on interest rates. Spot gold remained unchanged at $4,055.39 per ounce, as of 0042. U.S. gold futures increased by 0.6%, reaching a price of $4,055.10. Read More
Oil prices fell by $4 a barrel on Monday following U.S. President Donald Trump’s decision to refrain from launching a new offensive against Iran, as he aims for a swift agreement that would curb Tehran’s nuclear aspirations and restore access to the Strait of Hormuz. Brent crude futures decreased by $4.08, representing a decline of Read More
Gold experienced an increase on Monday as oil prices declined following U.S. President Donald Trump’s decision to refrain from launching a new offensive against Iran, aiming for a prompt agreement. This development contributed to a slight alleviation of worries regarding inflation and rising interest rates. Spot gold was up 0.7% at $4,067.06 per ounce, as Read More
Oil prices extended losses on Friday as investors evaluated Saudi Arabia’s proposal to spearhead a multinational maritime defence coalition designed to enhance security along critical Red Sea shipping routes. Saudi Arabia is aiming to lead a coalition focused on strengthening defence collaboration in the Bab El-Mandeb Strait, the Red Sea, and the Gulf of Aden. Read More
Gold was on track for its first monthly gain in five on Friday, as investors evaluated the implications of the U.S.-Iran conflict and analysed the Federal Reserve’s signals for insights on inflation and the trajectory for interest rates. Spot gold inched 0.2% lower at $4,096.29 per ounce, as of 0107, but was on track for Read More
