Gold prices fell sharply on Monday, sliding below $4,200 an ounce as rising oil prices, a firmer dollar and another push higher in US bond yields strengthened expectations that the Federal Reserve may keep tightening policy. Spot gold was down 2.1% at $4,198.10 an ounce by 0357 GMT, while US gold futures fell 2.1% to
Oil prices rose around 2% on Thursday as diplomatic efforts between the US and Iran showed little sign of progress, keeping geopolitical risks in focus. Brent crude futures climbed back above $105 a barrel, while investors also assessed uncertainty surrounding a potential US ban on diesel exports. Brent crude futures were up 2.09%, at $105.2
The OECD raised its 2026 global growth forecast slightly on Wednesday, crediting robust AI-related investment for cushioning the world economy against a persistent energy shock tied to the Middle East conflict. Global GDP is now projected to grow 2.9% in 2026, up from the 2.8% forecast in June. The 2027 outlook was revised down to
Oil prices rebounded on Tuesday after four straight sessions of losses, as renewed shipping risks in the Strait of Hormuz offset hopes that diplomacy could begin to cool the Middle East conflict. Brent crude rose about 1.7% to roughly $102 a barrel. The actively traded November WTI contract was near $93, while the expiring October
Saudi Aramco has informed at least two European oil refining customers that they will receive no crude deliveries next month, after an attack on the kingdom’s key pipeline to the Red Sea, Bloomberg reported citing people familiar with the matter European customers normally receive Saudi crude through term contracts, guaranteeing steady monthly supply. The report
Gold and silver rose in trading Wednesday as falling oil prices and a small dip in bond yields offered some relief ahead of the Federal Reserve’s rate decision later in the day. Gold traded at $4,352.18, up 1.3%, while silver rose 1.56% to $64.63. Fed decision is today’s main event The Fed is expected to
Opendoor stock crashed to its lowest level since August 11 as concerns about its growth in a high mortgage environment continued. It slipped to $2.65, down by 75% from its highest point last year. Soaring mortgage rates are hitting its business The housing market in the US is facing substantial challenges this year as mortgage
Brent crude oil price pulled back today, September 11, as traders started booking profits after the recent rally. It also retreated ahead of a potential meeting between Iran and Gulf countries. It was trading at $104, down modestly from this week’s high of $109.85. Iran and Gulf countries meeting Brent and West Texas Intermediate benchmarks
Brent crude held above $100 a barrel on Thursday, extending a rally that is beginning to matter far beyond the energy market. The benchmark traded near $101 after climbing almost 30% since early August as attacks on shipping deepened concerns about prolonged disruption to Persian Gulf exports. Wall Street is now modelling scenarios where Brent
Gold and silver rose in early trading Wednesday as investors sought safety amid escalating US-Iran tensions, even as oil’s surge past $100 a barrel and elevated Treasury yields worked against the metals. Spot gold traded near $4,417.87, up 1.46%, while spot silver was at $67.37, up 2.46%, according to Wednesday’s market pricing. Oil spike and