Gold prices held firmly above $4,150 an ounce after staging an intraday recovery on Thursday, with a weaker US dollar and easing Treasury yields helping the precious metal withstand a fresh bout of inflation concerns. At around 9:50 AM EST, Spot gold was trading around $4156 per ounce, up 1.63% from Wednesday, while futures for
Oil prices fell on Thursday even as attacks around the Strait of Hormuz intensified, a sign that traders are demanding evidence of lost barrels before paying a larger geopolitical premium. Brent crude dropped 1.7% to about $104.30 a barrel, while WTI slipped 1.1% to roughly $94.03. The decline came after two commercial vessels sank near
Gold rebounded above $4,150 an ounce on Thursday as a retreat in the dollar and Treasury yields gave bullion a quick reprieve from Wednesday’s inflation-driven sell-off. Spot gold rose more than 1% to about $4,159 after touching a one-week low near $4,073 in the previous session, while December US futures climbed towards $4,180. The recovery
Gold prices slid to session lows on Wednesday as hotter-than-expected US inflation data strengthened concerns that interest rates could rise in December, putting bullion under pressure. Gold dropped below $4100 after the news and was trading around $4098 an ounce with a decline of over 1.5% at the time of writing. The September consumer price
Oil prices edged higher on Wednesday as the International Energy Agency (IEA) warned that diesel supply constraints could persist well into 2027, while escalating tensions between Saudi Arabia and Yemen’s Houthi militants added to concerns over disruptions to global energy supplies. Brent crude futures were trading at $106.16 a barrel, up roughly 0.3%, while West
Gold held near $4,165 an ounce on Wednesday as investors waited for US inflation data that could decide whether bullion finally breaks above $4,200 or resumes the correction that has dominated recent weeks. Spot gold was little changed at $4,165.25 by 0447 GMT, while December US futures rose 0.3% to $4,188.70. The lack of movement
Paul Tudor Jones believes oil’s rally still has room to run, with unresolved tensions involving Iran keeping him positioned for further gains. Speaking to CNBC this morning, the legendary investor said crude could climb another $20 to $25 a barrel – a prospect he acknowledged would trouble equity investors. His bullish stance on oil rests
Oil prices fell on Tuesday as traders priced in more Russian fuel reaching global markets and a pause in attacks on energy infrastructure, even though Moscow has yet to confirm the ceasefire described by US President Donald Trump. Brent crude dropped about 1.1% to $105.47 a barrel, while West Texas Intermediate fell roughly 1.3% to
Gold is struggling to reclaim $4,200, but traders may now be watching $10 billion more closely. Spot gold rose 0.4% to $4,185.69 an ounce on Tuesday. At the same time, Jefferies estimates trend-following funds are roughly $10 billion net short. High Treasury yields and a firm dollar still weigh on gold, but structural buyers have
Oil prices jumped around 2% on Monday as geopolitical tensions continued to keep pressure on global energy markets. Brent crude futures rose roughly 2% to $106.73 at the time of writing, while West Texas Intermediate (WTI) crude futures climbed close to 2% to $93.72. The gains came despite hopes of de-escalation between the United States