Following the largest attacks on shipping by Iran and the United States since the start of their six-month dispute, oil prices stayed high on Thursday after Brent crude surpassed $100 per barrel as markets evaluated the possibility of a more significant disruption in supply. Iran announced on Wednesday that it had targeted 10 vessels in Read More
Gold prices remained relatively stable during the early hours of trading in Asia on Thursday, as market participants braced for significant inflation data that may impact the trajectory of interest rates set by the U.S. central bank. Spot gold remained relatively stable at $4,396.69 per ounce, as of 0015. U.S. gold futures for December delivery Read More
Oil prices increased for a fourth consecutive session on Wednesday, rising more than $1 in early trade following Iran’s new attacks on U.S. military assets in the Gulf, as the conflict between Washington and Tehran continued to escalate across the region. Iran’s Revolutionary Guards announced that they targeted two U.S. destroyers and what they referred Read More
Gold maintained its position on Friday, poised for a third consecutive weekly increase, supported by a declining dollar and the U.S. Treasury Department’s initiatives to suppress longer-term yields. Spot gold remained relatively stable at $4,514.23 per ounce as of 0031, following a peak not seen since early June in the prior session. Prices increased by Read More
Gold remained close to its peak in over two months on Thursday following an unexpected liquidity support announcement from the U.S. Treasury, which resulted in a decline in yields and the dollar. Spot gold remained relatively stable at $4,512.19 per ounce as of 0031, following a peak earlier in the day at $4,525.79, marking its Read More
Gold prices inched lower on Wednesday as the dollar remained robust, with market participants anticipating the Federal Reserve’s policy decision for insights on inflation and the trajectory of U.S. interest rates. Spot gold declined by 0.1%, reaching $4,021.87 per ounce as of 0052. U.S. gold futures for August delivery declined by 0.4%, settling at $4,021.70. Read More
Gold declined by more than 1% during early Asian trading on Monday, as concerns regarding the potential closure of the Strait of Hormuz propelled oil prices significantly upward, rekindling anticipations of sustained high interest rates to address inflationary pressures. Spot gold declined by 1.2%, reaching $4,072.78 per ounce as of 0050. U.S. gold futures for Read More
Gold prices experienced a decline on Monday, influenced by the resurgence of U.S.-Iran tensions that drove oil prices upward, alongside the prevailing expectations of interest rate increases by the U.S. Federal Reserve, which further exerted pressure on the metal. Spot gold experienced a decline of 0.5%, trading at $4,067.99 per ounce, as of 0045. U.S. Read More
Oil prices experienced a decline on Friday morning, indicating a trajectory towards significant weekly losses. This shift is attributed to alleviating supply concerns, particularly as additional stranded oil tankers have departed from the Strait of Hormuz, despite an incident involving a cargo vessel near Oman on Thursday. Brent crude futures decreased by 19 cents, or Read More
Oil prices experienced a rebound of approximately 1% on Wednesday, following a decline to a seven-week low in the prior session. This recovery was bolstered by a recent Iranian response to U.S. military strikes, which has further undermined prospects for peace. The recent escalation occurred after the U.S. military engaged Iranian positions, following President Donald Read More
