Gold has gained traction as bullion rebounded from a one‑week low on Monday, lifted by signs of progress in US–Iran peace talks. Prices on COMEX climbed above $4,200 per ounce after Tehran cited advances in negotiations that could ease geopolitical tensions. At the time of writing, the COMEX contract was up 0.8% at $4,205.15 an
Middle Eastern oil producers are accelerating pipeline projects to bypass the Strait of Hormuz after the recent blockade exposed the vulnerability of global energy flows, OilPrice.com reported. Saudi Arabia, the UAE, and Iraq are leading efforts to expand infrastructure, while longer‑term plans envision new routes to Mediterranean ports. Saudi Arabia’s foresight pays off According to
Commerzbank AG has revised its crude oil and European gas price forecasts downward following the US–Iran agreement to reopen the Strait of Hormuz, citing expectations of increased supply flows in the coming months. Norman Liebke, FX and commodity analyst at Commerzbank AG, said the pact marks a turning point for energy markets, though the pace
A liquefied natural gas (LNG) tanker is heading toward the Strait of Hormuz for the first time since the US–Iran pact took effect, signaling cautious optimism that shipping lanes may reopen after months of disruption, according to a Bloomberg report. The voyage is being closely watched by traders and governments alike, as it could mark
Oil prices fell again on Friday, leaving West Texas Intermediate on course for a steep weekly loss, as traders priced in the return of crude flows through the Strait of Hormuz after the US-Iran interim agreement took effect. The US benchmark traded around the mid-$75 to $76 range in Asian hours, close to its weakest
Gold is heading for its third consecutive weekly loss as a stronger US dollar and hawkish signals from the Federal Reserve overshadow optimism from the recent US-Iran peace deal. Both spot prices and the contract on COMEX slipped below $4,190 per ounce on Friday, with traders bracing for tighter monetary policy under new Fed Chair
Silver prices continued to decline for a third straight session on Friday, with the XAG/USD pair trading around $64.40 per troy ounce during Asian trading hours. The decline came as market participants assessed the Federal Reserve’s policy outlook, which remained tilted toward tighter monetary conditions despite easing geopolitical tensions in the Middle East. Higher interest
Saudi Arabia and the United Arab Emirates are preparing to ramp up oil exports as the Strait of Hormuz reopens under the US–Iran pact, Bloomberg said in a report on Friday. The two Gulf producers are positioning themselves to restore flows quickly, highlighting their strategic infrastructure advantage and signaling a potential wave of supply into
Oil prices rebounded more than 2% on Wednesday after US President Donald Trump threatened to bomb Iran, raising doubts about the peace deal. Meanwhile, gold prices remained in the green as investors waited for the first policy decision of the Federal Reserve’s new Chair, Kevin Warsh. Among base metals, the three-month copper contract on the
Oil prices fell on Thursday as traders moved quickly to strip out the war premium after the US and Iran signed an interim agreement aimed at reopening the Strait of Hormuz and restoring Iranian crude exports. Brent crude slipped below $79 a barrel, while West Texas Intermediate dropped towards $76, extending the market’s retreat from