Gold has reached an unprecedented peak. Investors are seeking the yellow metal as a dependable safe haven. Concerns about Venezuelan oil shipments are growing. Silver prices are nearing record highs. The U.S. Federal Reserve is expected to reduce interest rates. This environment benefits non-yielding assets like gold. The U.S. dollar is weakening, leading to decreased Read More
Oil prices experienced an uptick in early trading on Monday following the U.S. interception of a Venezuelan oil tanker over the weekend. Brent crude futures increased by 44 cents, representing a 0.73% rise, reaching $60.91 per barrel by 0141. Meanwhile, U.S. West Texas Intermediate crude saw an uptick of 40 cents, or 0.71%, settling at Read More
Gold prices reached unprecedented levels in Asian trading on Monday, driven by heightened concerns regarding renewed hostilities between Iran and Israel, as well as an escalating conflict between the U.S. and Venezuela, which increased demand for safe-haven assets. Spot gold surged 1.4% to a historic high of $4,403.60 an ounce, exceeding its October peak, while Read More
Oil prices declined in early trading on Friday and were poised to end lower for the second consecutive week, as increasing expectations of a Russia-Ukraine peace agreement mitigated worries regarding supply interruptions stemming from a blockade of Venezuelan oil tankers. Brent crude futures declined by 9 cents, representing a 0.2% decrease, settling at $59.73 a Read More
Gold saw a drop on Friday, affected by U.S. inflation data that was lower than expected, reducing the metal’s appeal as a hedge against inflation, while a stronger dollar also added pressure. Spot gold declined by 0.3% to $4,319.07 per ounce as of 01:47, while U.S. gold futures slipped 0.4% to $4,346.70. Spot silver fell Read More
Oil prices experienced an increase of nearly a dollar during Asian trading hours on Thursday, following President Donald Trump’s announcement of a blockade on tankers entering and exiting Venezuela, while the majority of exports from the nation continued to be suspended. US West Texas Intermediate crude was up 98 cents, or 1.7 per cent, at Read More
Gold prices experienced a modest decline on Thursday, while silver remained near its recent peaks as market participants anticipated crucial U.S. inflation figures and several significant central bank announcements. Metal markets experienced a phase of profit-taking following a significant rally over the past week, amid heightened uncertainty regarding the U.S. economy. Demand for safe-haven assets Read More
Oil prices experienced a significant increase on Wednesday following U.S. President Donald Trump’s directive for “a total and complete” blockade of all sanctioned oil tankers entering and exiting Venezuela, thereby heightening geopolitical tensions amid ongoing concerns regarding demand. Brent crude futures increased by 53 cents, reflecting a 0.9% rise, reaching $59.46 per barrel at 0105. Read More
Gold prices saw a significant rise as a lackluster U.S. jobs report boosted expectations for upcoming interest rate cuts. The rise in the unemployment rate noted in November put downward pressure on the dollar and Treasury yields, making gold a more attractive investment choice. Investors are set to keep a close eye on important inflation Read More
Oil prices experienced a decline in early trading on Tuesday, compounding the losses from the previous session. This downturn coincided with a perceived strengthening of prospects for a peace deal between Russia and Ukraine, which has led to heightened expectations regarding a potential easing of sanctions. Brent crude futures experienced a decline of 24 cents, Read More
