US markets saw a mix of sector-specific and geopolitical developments on Tuesday, with Samsung’s earnings causing a sharp selloff in memory-chip stocks that weighed on SanDisk and other memory names. Gold prices slipped as investors weighed Middle East tensions against expectations for Federal Reserve policy. Oil prices climbed after reports of attacks on vessels near
Brent crude oil price jumped to $76 after the fragile US-Iran ceasefire came under renewed pressure overnight. It has risen by 8.45% from its lowest level this month. Similarly, the WTI benchmark rose to $72.38 from this month’s low of $66.50. US and Iran ceasefire at risk of ending The ceasefire deal signed between the
Gold’s safe-haven appeal is being tested by the same geopolitical shock that would normally support it. The metal swung between gains and losses on Wednesday after fresh US strikes on Iran lifted oil prices, strengthened the dollar and revived worries that inflation could stay sticky. That left bullion caught in a difficult trade: demand for
Silver prices edged higher during the early European session on Wednesday, snapping a two-day losing streak as a weaker US dollar supported the white metal ahead of the release of the Federal Reserve’s June meeting minutes. Meanwhile, gold traded in a volatile range as fresh geopolitical tensions in the Middle East lifted oil prices and
Oil prices surged on Wednesday after US President Donald Trump said the ceasefire between the United States and Iran was over, reigniting concerns over supply disruptions in the Middle East and prompting a broad rally in crude markets. West Texas Intermediate (WTI) futures rose 5.69% to $74.45 per barrel, while Brent crude climbed 5.85% to
Spot gold and silver traded lower ahead of the market open on Wednesday as renewed tensions between the United States and Iran lifted crude oil prices offsetting the traditional safe-haven appeal of precious metals. At the time of writing, spot gold was trading near $4,074.10 per ounce, down 0.75% on the session, while spot silver
Oil prices edged higher on Tuesday as a tanker fire near the Strait of Hormuz revived geopolitical nerves, offsetting another wave of bearish supply news from Saudi Arabia and OPEC+. Brent crude rose 0.39% to $72.29 a barrel, while West Texas Intermediate gained 0.26% to $68.84. The move was modest, but signalled that traders are
Gold’s pause below a two-week high shows a market waiting for its next policy signal rather than abandoning the rebound. Bullion eased on Tuesday after last week’s recovery, with traders reluctant to chase prices before the Federal Reserve releases minutes from Kevin Warsh’s first meeting as chair. Softer US labour data has reduced some near-term
Silver’s four-day rebound ran into a familiar problem on Tuesday: oil. The white metal fell back towards $61 an ounce as reports of fresh attacks on commercial shipping near the Strait of Hormuz revived concerns that energy prices could climb again. For silver, the issue is not only geopolitical risk. A stronger oil market can
Oil prices slipped on Monday as traders focused on rising supply and the slow return of Gulf exports through the Strait of Hormuz. Brent crude fell to around $71.88 a barrel, while West Texas Intermediate traded near $68.58. The decline followed OPEC+’s decision to add another 188,000 barrels per day from August and the gradual