Oil prices experienced an uptick on Thursday following the United States’ initiation of new strikes against Iran. This development has diminished expectations for a resolution to the Iran conflict and for the complete reopening of the Strait of Hormuz, a critical passageway that accounts for one-fifth of global oil supplies prior to the war. Brent Read More
Gold was poised for a fourth consecutive weekly decline on Friday, weighed down by a stronger dollar fuelled by expectations of U.S. interest rate increases, as investors also evaluated the tenuous U.S.-Iran peace agreement. Spot gold decreased by 0.1% to $4,022.95 per ounce as of 0046, indicating a potential weekly decline of 3.4%. U.S. gold Read More
Oil prices continued to decrease on Wednesday, remaining close to the four-month lows reached in the prior session, as indications surfaced that additional oil tankers, which have been stranded in the Gulf since the onset of the Iran conflict, are getting ready to transit through the Strait of Hormuz. Brent crude futures declined by 37 Read More
Gold prices remained stable on Tuesday as investors evaluated the ongoing U.S.-Iran peace negotiations, while increasing anticipation of a Federal Reserve interest rate increase in December exerted pressure on the metal. Spot gold was steady at $4,191.09 per ounce, as of 0053. U.S. gold futures for August delivery increased by 0.2%, reaching a price of Read More
Oil prices experienced an uptick on Monday as shipping activity through the Strait of Hormuz faced delays, coinciding with the initial discussions between U.S. and Iranian officials under an interim peace agreement, which encountered some difficulties. Brent crude futures increased by 54 cents, or 0.67%, reaching $81.11 a barrel by 0030, following a peak of Read More
Gold prices fell for the third straight session on Tuesday, influenced by rising Treasury yields, as the continuing conflict in the Middle East intensified worries about inflation and possible interest rate increases. Spot gold decreased by 0.2% to $4,319.98 per ounce as of 0100. Bullion reached a low not observed in over two months on Read More
Oil prices experienced a slight decline on Friday, fuelled by optimism surrounding the potential for an agreement between the U.S. and Iran to prolong their ceasefire. Comments from U.S. Vice President JD Vance indicated that the two sides were “close” but “not there yet,” marking the culmination of the decline. Brent crude futures for July, Read More
Oil prices experienced a decline on Friday, positioning themselves for a weekly downturn, as discussions between the United States and Iran regarding the OPEC member’s nuclear program were prolonged. This development alleviated apprehensions regarding possible hostilities that might interfere with supply chains. Brent crude futures declined by 28 cents, or 0.4%, settling at $70.47 per Read More
Gold prices remained largely unchanged on Friday, as investors processed the outcomes of the U.S.-Iran nuclear discussions from the prior day, while the dollar, positioned close to three-week peaks, exerted downward pressure on the yellow metal. Spot gold remained unchanged at $5,187.39 per ounce as of 0146. Bullion reached a peak not seen in over 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
