Oil prices increased by more than one percent on Wednesday following an attack on an administrative building associated with Saudi Arabia’s state-owned oil company, Saudi Aramco, located in the eastern city of Dhahran. The Energy Ministry reported that the incident resulted in a limited fire. Markets assessed the potential for supply disruptions stemming from the Read More
Oil prices experienced a decline on Tuesday, following an increase of nearly $2 a barrel in the prior session. Traders are currently assessing the supply risks stemming from attacks on Saudi Arabia, juxtaposed with the potential for increased diesel supplies from Russia. US President Donald Trump stated that Russia had consented to provide diesel to Read More
Gold prices remained unchanged in early Asian trading on Monday, as market participants prepared for significant US inflation data this week that may provide new insights into the Federal Reserve’s forthcoming interest rate decisions. Spot gold steadied at $4,200.23 per ounce by 0010 after reaching a one-week high on Friday. US gold futures for December Read More
Oil prices increased for a second consecutive session on Tuesday, as apprehensions regarding possible supply disruptions from the Middle East, stemming from the US-Iran conflict, overshadowed indications of a rebound in crude exports from the area. Officials from the US and Iran engaged in separate discussions with mediators in a renewed effort to conclude the Read More
Gold prices experienced a decline on Friday, positioning themselves for a weekly downturn, influenced by a robust dollar and increasing anticipation that the US Federal Reserve will maintain elevated interest rates for an extended period to address inflationary pressures. Spot gold was down 0.2% at $4,270.40 per ounce, as of 0035, and has lost more Read More
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
