Gold prices held steady on Thursday, as investors took a careful approach while waiting for clearer indications about the U.S.-Iran ceasefire talks, and in expectation of significant U.S. inflation data set to be unveiled later in the day. Spot gold held steady at $4,715.42 per ounce as of 0052. Gold futures in the U.S. for Read More
Oil declined below $100 per barrel on Wednesday following U.S. President Donald Trump’s announcement of a two-week ceasefire agreement with Iran, contingent upon the immediate and secure reopening of the Strait of Hormuz. Brent declined by $14.84, representing a 13.6% decrease, settling at $94.43 per barrel, while WTI experienced a drop of $16.13, or 14.3%, Read More
Gold prices rose to a near three-week high on Wednesday as markets recalibrated their assessment of near-term risks following U.S. President Donald Trump’s decision to suspend bombing and attacks on Iran for two weeks, thereby alleviating concerns regarding energy-driven inflation. Spot gold increased by 2.3% to $4,812.49 per ounce, as of 0215. Earlier in the Read More
Oil prices continued to rise on Tuesday as U.S. President Donald Trump intensified his rhetoric towards Iran, warning of more severe measures if the nation does not reopen the Strait of Hormuz, a crucial global oil transit chokepoint. Brent crude futures increased by 57 cents, representing a 0.5% rise, reaching $110.34 a barrel by 1202. Read More
Gold prices remained steady on Tuesday, as investors approached the market with caution due to a deadline set by U.S. President Donald Trump concerning the reopening of the Strait of Hormuz, a key area in the Iran conflict. Spot gold held steady at $4,646.69 per ounce as of 0100, while U.S. gold futures for June Read More
Oil prices experienced an uptick on Monday, driven by persistent concerns regarding potential supply losses stemming from shipping disruptions in the crucial oil-producing region of the Middle East, attributed to the ongoing U.S.-Israeli conflict with Iran. Brent crude futures increased by $1.71, representing a 1.6% rise, reaching $110.74 per barrel as of 0057. U.S. West Read More
Gold prices fell by more than 1% on Monday, driven by a strong dollar and decreasing hopes for possible interest rate cuts by the U.S. Federal Reserve. Spot gold fell by 1.2%, settling at $4,620.68 per ounce as of 0047. Gold futures in the U.S. for April delivery fell by 0.7% to $4,647.10. The rise Read More
Oil prices surged by approximately 5%, rebounding above $106 per barrel on Thursday following US President Donald Trump’s address to the nation, which reignited concerns regarding escalating tensions in the Middle East. This development comes after a brief period of optimism for de-escalation that had momentarily tempered the rally, causing prices to dip below $100 Read More
On Thursday, gold prices hit a two-week peak, supported by a weakening dollar and signs of easing tensions in the Middle East conflict, potentially reducing inflationary pressures. Market participants are eagerly anticipating comments from U.S. President Donald Trump. Spot gold saw a rise of 0.7%, hitting $4,790.29 per ounce as of 0034, the highest point Read More
Oil prices experienced an uptick in early Wednesday trading, with Brent front-month futures continuing a remarkable rally that began in March. The ongoing volatility in the Middle East has maintained a sense of unease in the markets, even in light of reports suggesting that the U.S. and Iran might be moving towards a negotiated resolution Read More
