Gold rose for the fourth straight session on Wednesday, supported by a weakening dollar and expectations that the restart of U.S. government activities, along with upcoming economic data, will enhance hopes for an interest rate cut by the Federal Reserve next month. Spot gold rose by 0.4% to $4,142.70 per ounce as of 0012, reaching Read More
Oil prices experienced a decline in early Asian trade on Tuesday, reducing the gains observed in the previous session, as concerns regarding oversupply overshadowed the optimism surrounding a possible resolution to the US government shutdown. Brent crude futures experienced a decline of 13 cents, representing a 0.2 percent decrease, settling at $63.93 per barrel as Read More
Gold extended its gains, reaching a near three-week high on Tuesday, driven by rising expectations of an additional interest rate cut by the U.S. Federal Reserve in December, which boosted demand for this safe-haven asset. Spot gold increased by 0.4% to $4,131.83 per ounce as of 0053, marking its highest level since October 24. U.S. Read More
Oil prices experienced an uptick on Monday, driven by optimism surrounding a potential resolution to the U.S. government shutdown, which could enhance demand in the leading oil-consuming nation, thereby counterbalancing apprehensions regarding increasing global supplies. Brent crude futures experienced an increase of 47 cents, representing a 0.74% rise, reaching $64.10 per barrel as of 0123. Read More
Gold prices saw an increase on Monday, bolstered by expectations of another interest rate cut by the Federal Reserve in December, coupled with a range of disappointing economic data that raised worries about global growth. Spot gold rose by 0.7% to $4,027.88 per ounce as of 0115. Gold futures in the U.S. for December delivery Read More
Crude prices rebounded from a midday decline on Friday, buoyed by optimism that Hungary may utilize Russian crude oil, coinciding with U.S. President Donald Trump’s meeting with Hungary’s Prime Minister Viktor Orban at the White House. Brent crude futures concluded at $63.63 per barrel, reflecting an increase of 25 cents or 0.39%. U.S. West Texas Read More
Gold prices experienced an uptick on Friday, driven by a weakening dollar and heightened uncertainty surrounding the U.S. government shutdown, which bolstered safe-haven demand. Concurrently, Wall Street indexes were poised for significant weekly declines. Spot gold experienced an increase of 0.7%, reaching a price of $4,005.21 per ounce, as recorded at 3:15 pm. U.S. gold Read More
Oil experienced a slight increase on Friday after three consecutive days of declines, driven by concerns regarding surplus supply and diminishing demand in the U.S. Nevertheless, prices seemed poised for a second week of losses. Brent crude futures increased by 21 cents, representing a 0.33% rise, reaching $63.59 per barrel at 0149. U.S. West Texas Read More
Gold prices continued to rise on Friday, supported by increased safe-haven demand and heightened expectations for an additional Federal Reserve rate cut in December. Concerns regarding the extended U.S. government shutdown and the legal ambiguities associated with President Trump’s tariffs have dampened risk appetite, prompting investors to gravitate towards the yellow metal. Data indicating U.S. Read More
Oil prices exhibited minimal movement early on Thursday, following a decline to two-week lows in the preceding session, as the market remained under pressure from subdued demand and an oversupply of oil globally. Brent crude futures increased by 2 cents, or 0.03%, reaching $63.54 a barrel at 0127, whereas U.S. West Texas Intermediate futures remained Read More
