Oil prices exhibited minimal variation on Tuesday, following three consecutive days of declines attributed to growing concerns over oversupply, particularly after OPEC+ sanctioned another significant output increase in September. However, the prospect of additional disruptions to Russian supply provided some support to the market. Brent crude futures remained steady at $68.76 per barrel as of Read More
On Tuesday, gold prices experienced an increase, continuing a trend observed over the past three sessions. This upward movement was bolstered by a decline in the U.S. dollar and reduced Treasury yields, a reaction to last week’s disappointing U.S. jobs data that heightened anticipations of a Federal Reserve rate cut in September. Spot gold increased Read More
Oil prices continued their downward trend on Monday following OPEC+’s decision to implement a significant production increase in September. This move comes amid growing apprehensions regarding a decelerating economy in the United States, the largest consumer of oil globally, which further exacerbates the situation. Brent crude futures declined by 40 cents, representing a 0.57% decrease, Read More
Gold prices experienced a decline on Monday as investors realized profits following a significant increase in the prior session, which was driven by disappointing U.S. jobs data that heightened expectations for a Federal Reserve interest rate reduction in September. Spot gold decreased by 0.3%, trading at $3,351.80 per ounce as of 0055 GMT. Bullion experienced Read More
Oil prices fell by $2 a barrel on Friday due to concerns regarding a potential increase in production by OPEC and its allies, alongside a weaker-than-expected U.S. jobs report that heightened fears about demand. Brent crude futures concluded at $69.67 per barrel, reflecting a decline of $2.03, or 2.83%. U.S. West Texas Intermediate crude concluded Read More
Gold prices increased nearly 2%, reaching a one-week peak, on Friday following disappointing U.S. payrolls data that heightened expectations for a Federal Reserve rate cut, alongside new tariff announcements that fueled safe-haven demand. Spot gold attained its peak level since July 25, increasing by 1.8% to $3,347.66 per ounce as of 0148 p.m. ET (17:48 Read More
Oil prices remained relatively stable on Friday following a decline of over 1% in the prior session, as traders assessed the implications of newly imposed higher U.S. tariffs, which could potentially dampen economic activity and reduce the growth of global fuel demand. Brent crude futures experienced an increase of 4 cents, equivalent to 0.06%, reaching Read More
Gold prices remained unchanged on Friday and are poised to record a weekly decline as the dollar edged upward following U.S. President Donald Trump’s imposition of new tariff rates on numerous countries. Meanwhile, investors are anticipating the release of U.S. non-farm payrolls data later in the day. Spot gold held steady at $3,289.79 per ounce. Read More
Oil prices increased for a fourth consecutive day on Thursday, as investors expressed concerns regarding supply shortages in light of U.S. President Donald Trump’s advocacy for a prompt resolution to the conflict in Ukraine and the potential imposition of tariffs on nations purchasing Russian oil. Brent crude futures for September delivery, expiring on Thursday, increased Read More
Gold prices experienced a rebound on Thursday, recovering from a one-month low reached in the prior session. This uptick was driven by trade uncertainty linked to new U.S. tariff announcements, which bolstered demand for bullion. Investors capitalized on price dips, even as expectations for a U.S. rate cut diminished. Spot gold increased by 0.4% to Read More
