Oil prices experienced a modest decline on Wednesday as negotiations between the United States and Iran advanced, fostering optimism for a reduction in bilateral tensions and diminishing the likelihood of supply disruptions from the Middle Eastern oil producer. Brent futures declined by 3 cents, representing a 0.04% decrease, settling at $67.39 per barrel at 0139. Read More
Gold saw a slight uptick on Wednesday, fueled by dip-buying, after a drop of more than 2% in the prior session attributed to progress in U.S.-Iran negotiations. Furthermore, quiet trading linked to the Lunar New Year celebrations throughout Asia has put downward pressure on prices. Spot gold rose by 0.2% to $4,886.69 per ounce as Read More
Oil prices remained stable on Tuesday as investors evaluated the potential risks of supply disruption following Iran’s naval drills near the Strait of Hormuz, occurring just before the scheduled nuclear talks with the U.S. later in the day. U.S. President Donald Trump stated on Monday that he would participate “indirectly” in the discussions in Geneva, Read More
On Tuesday, gold saw a drop of 1%, with trading remaining quiet in major Asian markets due to the Lunar New Year holidays, compounded by the influence of a rising dollar. Spot gold fell 0.9% to $4,947.98 per ounce by 0110, after a 1% drop earlier in the session. U.S. gold futures for April delivery Read More
Oil prices exhibited little movement on Monday in anticipation of discussions between Washington and Tehran. Concerns regarding Iran-U.S. tensions that could potentially disrupt oil flows are providing support for prices, while OPEC+ appears inclined to resume output increases starting in April. Brent crude futures experienced a slight decline of 3 cents, settling at $67.72 a Read More
Gold experienced a slight decline on Monday as the dollar strengthened following a more than 2% increase in bullion during the prior session. This movement was influenced by cooler-than-expected U.S. inflation data, which heightened expectations for potential interest rate reductions by the Federal Reserve. Spot gold declined by 0.4%, reaching $5,020.10 per ounce as of Read More
Oil prices exhibited minimal variation on Friday following a decline in the preceding session, positioning themselves for a second consecutive weekly decrease. This trend is attributed to diminishing worries regarding a potential conflict involving Iran that could disrupt supply, alongside projections indicating that supply will surpass demand this year. Brent crude oil futures experienced an Read More
Gold and silver experienced a rebound on Friday, driven by bargain-hunting, following a decline to one-week lows in the prior session. A breach below crucial support levels exacerbated losses, as selling pressure mounted after robust U.S. jobs data diminished expectations for rate cuts. Spot gold experienced a 1% increase, reaching $4,966.83 per ounce by 0127, Read More
Oil prices experienced a slight increase on Thursday morning amid investor concerns regarding the rising tensions between the U.S. and Iran. Brent crude oil futures increased by 34 cents, representing a 0.49% rise, reaching $69.74 per barrel at 0126. U.S. West Texas Intermediate crude increased by 37 cents, or 0.57%, reaching a price of $65.00. Read More
Gold and silver experienced a decline on Thursday as the U.S. dollar strengthened following stronger-than-anticipated January jobs data, which tempered expectations for imminent interest rate reductions. Meanwhile, investors remained on the lookout for inflation data scheduled for release on Friday to gain further insights into monetary policy direction. Spot gold experienced a decline of 0.4%, Read More
