Silver recovered on Thursday after sliding to an 11-week low, as safe-haven demand and industrial buying helped the metal regain ground even as investors remained cautious over rising Middle East tensions and the US interest-rate outlook. Silver price, or XAG/USD, traded around $64.00 per troy ounce during Asian hours, recovering from an intraday low of
Oil prices have risen steadily in 2026, yet investment in the sector is failing to keep pace. Analysts say companies are prioritising financial discipline and energy security over aggressive expansion, even as Brent trades near $100 per barrel. The International Energy Agency and BMI both highlight cautious spending trends, underscoring a disconnect between market prices
The United States has become the world’s largest oil exporter, surpassing traditional heavyweights Saudi Arabia and Russia, a dramatic shift accelerated by the ongoing US-Iran war and years of shale-driven production growth. This milestone marks a profound reversal for a country that once suffered greatly from the 1973 Arab oil embargo, imposed in retaliation for
Energy markets are showing signs of complacency in the face of a major supply shock caused by the ongoing closure of the Strait of Hormuz, according to ING Economics. Despite three months of restricted flows and little tangible progress in US-Iran negotiations, oil and gas prices have failed to fully price in the severity and
Citigroup has lowered its near-term outlook for gold to $4,000. The bank cited improving macroeconomic conditions, moderating investor demand, and easing geopolitical tensions as factors that could limit further gains in the precious metal over the coming months. In a research note published Monday, Citi’s commodities research team reduced its three-month gold price target to
Gold price made a strong bearish breakout overnight, reaching its lowest level since March 23rd this year. It dropped to a low of $4,180, down by over 25% from its highest point this year. This retreat may continue now that it has formed a death cross pattern ahead of the US inflation report. Gold price
Silver price retreated sharply today, June 10, as concerns about the global economy and inflation continued. XAG fell to $64, down sharply from the year-to-date high of $121. It has slumped to its lowest point since March 24 this year. Silver price slips amid inflation worries Silver retreated sharply on Wednesday as concerns about the
Europe’s transport fuel supply has shown remarkable resilience in the face of the Strait of Hormuz closure, but analysts caution that the balance is fragile and risks are mounting. A new report from Vortexa highlights how the continent has managed to offset the loss of Middle Eastern barrels through higher imports from the US and
The WTI crude oil price remained on edge today, June 10, as investors reacted to the new developments in the Middle East, where the US launched new strikes against Iran. It retreated to $89, down substantially from the year-to-date high of $119. US launches strikes against Iran The WTI crude oil benchmark retreated after the
Global oil markets are facing a severe disconnect between futures trading and physical supply, with inventories plunging to multi‑decade lows. Analysts warn Brent could spike to $150–$160 per barrel within weeks if the Strait of Hormuz remains blocked, while ING’s Warren Patterson stresses that disruptions lingering into the third quarter could drive prices higher. After