Oil declined below $100 per barrel on Wednesday following U.S. President Donald Trump’s announcement of a two-week ceasefire agreement with Iran, contingent upon the immediate and secure reopening of the Strait of Hormuz. Brent declined by $14.84, representing a 13.6% decrease, settling at $94.43 per barrel, while WTI experienced a drop of $16.13, or 14.3%, Read More
Gold experienced an increase of over 3% on Tuesday, recovering from a nearly one-month low reached in the prior session, as market participants prepared for a lack of significant economic data this week resulting from a partial U.S. government shutdown. Spot gold increased by 3.7% to $4,837.16 per ounce by 0120, following a decline to Read More
Gold prices fell on Tuesday after reaching an all-time high, as investors seized the chance to secure profits amid increasing geopolitical tensions and economic uncertainty. The U.S. dollar stayed near one-month peaks as an investigation into the Federal Reserve Chair unfolds, with top brokerages forecasting upcoming rate reductions. Silver, platinum, and palladium saw decreases. Spot Read More
