Oil prices experienced a modest increase on Wednesday, having dipped below $90 per barrel for the first time since August this year. This decline followed a statement from US President Donald Trump, who expressed his belief that the war in Iran “is effectively over.” Brent crude futures approached $92 per barrel, while US West Texas Read More
Oil prices experienced a rebound for the second consecutive session, driven by renewed concerns over global supplies following fresh attacks on tankers. Meanwhile, investors are reevaluating the implications of the ongoing US-Israel conflict with Iran. US President Donald Trump stated on Thursday that Iran would be unable to proceed with any actions regarding its nuclear Read More
Gold experienced a decline on Thursday as the dollar strengthened, with investors evaluating policy indications from the Federal Reserve and Chair Kevin Warsh. This movement followed the central bank’s decision to maintain interest rates and in anticipation of significant US inflation data scheduled for release later in the day. Spot gold declined by 0.7% to Read More
Gold experienced a decline in early Asian trading on Tuesday as market participants looked ahead to the upcoming US Federal Reserve policy decision next week, seeking insights on interest rates and the overall trajectory of monetary policy. Spot gold declined by 0.3% to $4,126.84 per ounce as of 0102, while US gold futures for December Read More
Oil prices experienced an upward trajectory on Thursday, with Brent crude futures surpassing $102 per barrel. This increase is largely attributed to investor apprehensions regarding supply disruptions from the Middle East, particularly in light of escalating attacks on shipments in the Gulf and the strategically vital Strait of Hormuz. Oil prices have been fluctuating recently, Read More
Gold prices declined on Wednesday amid rising concerns that escalating tensions in the Middle East could lead to higher inflation, thereby strengthening expectations for sustained elevated interest rates. This comes as key U.S. inflation data is anticipated later this week. Spot gold experienced a decline of 0.1%, trading at $4,349.44 per ounce, as of 0040. Read More
Gold prices remained stable on Tuesday as traders evaluated tensions in the Middle East and anticipated important U.S. labour market data set to be released this week, which could influence expectations regarding Federal Reserve monetary policy. Spot gold maintained its position at $4,454.68 per ounce by 0057, following a decline to its lowest level since Read More
Oil prices declined by 3% on Wednesday, continuing the downward trend from the prior session, as new optimism surfaced regarding the potential reopening of the Strait of Hormuz, following Iran’s announcement of resumed discussions with neighbouring Oman concerning the management of this crucial waterway. The market remains responsive to developments regarding navigation through the Strait Read More
Gold remained relatively stable in early Asian trading on Wednesday as investors looked for insights from crucial U.S. inflation data regarding the Federal Reserve’s trajectory on interest rates. Spot gold remained nearly unchanged at $4,654.17 per ounce, as of 0011, following a peak that marked a more than three-month high in the previous session. U.S. Read More
Gold increased for a third consecutive session on Tuesday as concerns regarding a potential U.S. interest rate hike next month diminished, with investors looking forward to the minutes from the Federal Reserve’s most recent meeting for new insights on the trajectory of monetary policy. Spot gold increased by 0.2% to $4,424.28 per ounce as of Read More
