Gold experienced an uptick on Wednesday, driven by a decline in oil prices that alleviated concerns regarding inflation. Meanwhile, investors remained poised for a series of U.S. economic data releases this week to assess the trajectory of the Federal Reserve’s policy stance. Spot gold increased by 0.4%, reaching $5,213.99 per ounce, as of 0109. U.S. Read More
Oil prices declined on Tuesday following a peak not seen in over three years during the previous session, as U.S. President Donald Trump suggested that the conflict in the Middle East might conclude shortly, alleviating worries regarding extended interruptions to global oil supplies. International Brent crude experienced a decline of nearly 11%, settling at $88.36 Read More
Gold prices held steady on Tuesday as investors took a cautious stance, opting to wait for further developments amid rising tensions in the Middle East, particularly after reports indicated that U.S. President Donald Trump views his conflict with Iran as “very complete”. Spot gold fell by 0.1% to $5,131.24 per ounce, as of 0051. Gold Read More
The primary US benchmark for oil experienced a surge exceeding 30 percent on Monday, driven by apprehensions that the ongoing conflict in the Middle East may lead to extended supply disruptions. At 0230, West Texas Intermediate was up 30.04 percent at $118.21 per barrel, before easing slightly, while Brent Crude was 27.54 percent higher at Read More
Gold fell by more than 2% on Monday, affected by a stronger dollar that weighed on dollar-denominated bullion. Moreover, increasing energy expenses have intensified worries about inflation, which further reduces the chances of upcoming interest rate reductions. Spot gold saw a decrease of 2.5%, trading at $5,041.89 per ounce, as of 0048. Gold futures in Read More
Oil prices experienced a decline during Asian trading on Friday, following five consecutive sessions of increases. Nevertheless, they are poised for a significant weekly rise, as the intensifying conflict in the Middle East has heightened concerns regarding potential disruptions to global supply. As of 21:53, expiring in May decreased by 1.5% to $84.13 per barrel, Read More
Gold prices showed a steady trend on Friday, after a drop of more than 1% in the previous session, as investors exercised caution, assessing the potential effects of a rising conflict in the Middle East on the global economy. Spot gold held steady at $5,076.09 per ounce, as of 0116. Gold futures in the U.S. Read More
On Thursday, oil prices experienced an uptick, driven by escalating apprehensions regarding the extended closure of the Strait of Hormuz. The ongoing U.S.-Iran conflict is severely constraining essential oil and gas flows from the Middle East, compounded by production facilities that are restricting output. Brent crude experienced an increase of $1.67, representing a rise of Read More
On Thursday, gold saw a rise, fueled by the intensifying conflict in the Middle East, leading investors to turn to this safe-haven asset. Furthermore, a declining dollar played a role in driving bullion prices higher. Spot gold rose by 0.8% to $5,176.69 per ounce as of 0101. Gold futures in the U.S. for April delivery Read More
Oil prices experienced an increase for a third consecutive day on Tuesday, driven by the escalating U.S.-Israeli conflict with Iran and the associated threats to shipping routes through the Strait of Hormuz, which have intensified concerns regarding potential supply disruptions from this critical Middle Eastern production area. Brent crude futures stood at $78.83 a barrel, Read More
