Oil remained stable on Wednesday, receiving support as the market anticipated further direction amid ongoing U.S.-Iran discussions, with persistent geopolitical uncertainty contributing to price stability. Brent crude oil futures experienced an increase of 23 cents, representing a 0.3% rise, reaching $69.03 per barrel as of 0100. U.S. West Texas Intermediate crude experienced an increase of Read More
On Wednesday, gold and silver prices experienced an uptick as U.S. Treasury bond yields declined, following the release of data indicating that December retail sales growth had stagnated, suggesting a potential softening of the economy in anticipation of important employment figures. Spot gold increased by 0.3% to $5,038.73 per ounce as of 0059. U.S. gold Read More
Oil prices experienced a modest decline on Tuesday as traders assessed the likelihood of supply disruptions following U.S. guidance for vessels navigating the Strait of Hormuz, which maintained focus on the ongoing tensions between Washington and Tehran. Brent crude oil futures experienced a decline of 25 cents, equivalent to 0.4%, settling at $68.79 per barrel Read More
Gold experienced a decline on Tuesday, yet remained above the $5,000-per-ounce threshold, as investors maintained a cautious stance in anticipation of crucial U.S. jobs and inflation data set to be released later this week, which will offer insights into the U.S. Federal Reserve’s interest rate path. Spot gold decreased by 0.7%, reaching $5,029.49 per ounce Read More
Oil prices declined on Monday following the commitment from the U.S. and Iran to persist in discussions regarding the Middle Eastern producer’s nuclear programme, alleviating worries about a potential conflict that might interfere with supply from the region. Brent crude futures experienced a decline of 49 cents, or 0.72%, reaching $67.56 a barrel by 0134, Read More
Gold and silver continued to rise on Monday as the dollar experienced a decline, while investors looked ahead to an important U.S. labor market report scheduled for later in the week to assess the direction of interest rates. Spot gold increased by 1.4% to $5,029.09 per ounce as of 0037, following a nearly 4% rise Read More
US crude futures continued their downward trend on Friday, poised for their first weekly decline in several weeks, as worries regarding supply disruptions in the Middle East diminished, with investors turning their attention to the anticipated results of U.S.-Iran nuclear discussions in Oman later in the day. Brent crude futures experienced a decline of 50 Read More
Gold and silver prices shifted direction to increase in trading on Friday, experiencing some bargain buying following significant volatility and substantial losses earlier in the week. Silver continued to lag, poised to decline approximately 14% this week, effectively erasing a recent rebound. Gold was positioned for a modest weekly decline, yet it was trading approximately Read More
Oil prices declined approximately 2% on Thursday following the agreement between the U.S. and Iran to engage in discussions in Oman on Friday. This development alleviated apprehensions regarding a potential military conflict that could interfere with supply from the crucial Middle East-producing region. Brent crude futures declined by $1.44, representing a decrease of 2.07%, settling Read More
Gold increased by over 1% on Thursday, remaining close to one-week highs, as geopolitical and economic tensions persisted in supporting prices, with silver and palladium also experiencing gains. Spot gold increased by 1.1% to $5,016.89 per ounce, as of 0039. Bullion reached an unprecedented peak of $5,594.82 last Thursday. U.S. gold futures for April delivery Read More
