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
Oil prices increased by over a percent on Tuesday, driven by heightened concerns regarding supply disruptions following attacks on Saudi Arabia’s energy infrastructure, which rendered the kingdom’s East-West pipeline inoperative. This development has raised new uncertainties about the effectiveness of measures aimed at mitigating shipping risks in the Gulf. On Monday, Houthi forces, supported by Read More
Gold experienced a decline on Tuesday, driven by increasing crude oil prices that intensified inflation concerns and bolstered expectations for a rate hike by the Federal Reserve in anticipation of its upcoming policy meeting. Spot gold was down 0.3% at $4,285.91 per ounce, as of 0015, after reaching its lowest level in over a month Read More
Oil prices continued to rise sharply on Monday, rising 3% to almost $108 per barrel as new developments in the Middle East alarmed investors about worsening disruptions to the world’s energy supply throughout the war. Saudi Arabia and Iranian attacks on ships in the Gulf have heightened supply concerns in the wake of the closure Read More
Gold prices declined on Monday as a surge in oil prices heightened inflation concerns and bolstered expectations that the U.S. Federal Reserve may increase interest rates at its upcoming policy meeting this week. Spot gold experienced a decline of 0.5%, trading at $4,327.80 per ounce as of 0119, following a third consecutive weekly decrease recorded Read More
