Spot gold prices were little changed in early US trading Friday, holding near levels reached after Thursday’s steep losses. Spot gold was trading at $4020 an ounce, down 0.1% but silver declined sharply, trading at $54 with the day’s loss of just over 1%. Renewed tensions in the Middle East have driven oil prices higher,
Oil prices rose on Friday as escalating tensions in the Middle East heightened concerns about further supply disruptions, offsetting US President Donald Trump’s latest efforts to increase domestic fuel production. Brent crude futures for December delivery rose 0.4% to $113.64 a barrel, while West Texas Intermediate futures for December gained 0.56% to $100.02. Both benchmarks
Gold and silver prices dropped sharply in early US trading Thursday as fresh attacks on commercial shipping in the Strait of Hormuz sent crude oil higher and renewed concerns about inflation. The prospect of interest rates remaining elevated weighed on precious metals, despite lower Treasury yields amid continued geopolitical uncertainty. Spot gold traded near $4,065
Brent crude prices crossed $112 a barrel for the first time since May on Thursday as escalating tensions in the Middle East heightened fears of further disruptions to global oil supplies. Brent futures climbed to $112.50 in early trading before easing to $111.95 at the time of writing. West Texas Intermediate crude also advanced nearly
Oil prices climbed nearly 2% on Thursday after deadly attacks on Saudi Arabian targets renewed concern over Middle East supply, even as regional crude exports recovered above their pre-war average. Brent futures gained 1.77% to $110.75 a barrel by 0442 GMT, while US West Texas Intermediate rose 1.47% to $98.58. The contradiction is in shipping.
Gold fell more than 1% in Asian trading on Thursday, slipping below $4,100 an ounce as renewed threats to Middle Eastern energy supplies reinforced expectations that US interest rates will stay elevated. Spot bullion declined 1.1% to $4,094.90 by 0333 GMT, its weakest since October 14, while December gold futures lost 0.9% to $4,111.40. Silver
Gold prices edged higher in early trading Wednesday as US Treasury yields inched lower, although persistent inflation and the prospect of further Federal Reserve tightening continued to limit gains in precious metals. At the time of writing, spot gold was trading near $4,132.70 an ounce, up 0.22%. Spot silver moved in the opposite direction, down
Oil prices retreated more than 2% on Wednesday after fresh data indicated that crude shipments from Gulf producers had recovered to prewar levels, although persistent attacks on commercial vessels continued to threaten the stability of energy supplies. Brent crude futures, which had climbed above $111 a barrel early in the morning, fell to $108.2 by
Gold fell for a fourth consecutive session on Wednesday, extending a decline of about 26% from its January record even as the Iran conflict continued to threaten global energy supplies. Spot bullion slipped 0.2% to $4,118.18 an ounce by 0319 GMT, while December US gold futures declined to $4,136.20. The metal has also lost roughly
Oil prices fell around 2% toward midday Tuesday after reports of a potential diplomatic breakthrough between the United States and Iran raised hopes of easing tensions in the Middle East. Brent crude futures and West Texas Intermediate (WTI) crude both declined around 2% after the report emerged but soon gained a little and were trading