Gold prices fell towards $4,140 an ounce on Wednesday, leaving bullion roughly 26% below its January record of $5,594.82 as investors waited for Federal Reserve minutes. Spot gold was around $4,138.34, while markets were pricing an approximately 87% probability of another Fed increase by December. Yet the bigger question for investors is whether the correction
Gold rose in early US trading on Tuesday as US Treasury yields eased and lower oil prices alleviated pressure on the metals complex. Spot gold was trading at $4,145.67 an ounce, up 0.15%, and spot silver was down 0.4% at $60.77 an ounce, up 0.40% at 10:30 AM EDT. Rising bond yields and a stronger
Oil prices hovered near a critical threshold on Tuesday, with Brent barely above $100 a barrel and West Texas Intermediate near $90 as traders weighed a sharp recovery in Middle East exports against renewed attacks on energy infrastructure. Brent traded around $100.60 while WTI was near $89.70 in Asian hours. The market has now tested
Crude oil prices have pulled back in the past two weeks as investors focused on reports of the rising flows through the Strait of Hormuz. Brent dropped to $97.7, while the West Texas Intermediate (WTI) fell to $90, also as Saudi Arabia restarted the East-West pipeline. This article provides a forecast on whether prices will
Gold price has crawled back in the past few days, moving from this month’s low of $4,110 to the current $4,177. This rebound coincided with the falling crude oil prices as the US and Iranian mediators continued talking. Still, XAU/USD is forming a bearish flag pattern, pointing to a bearish breakout. Gold is rising as
Gold prices headed for a second straight weekly decline on Friday as a firm dollar and historically high US Treasury yields kept pressure on bullion, yet the market is again refusing to turn $4,000 into a sustained breakdown. Spot gold traded around $4,184 an ounce in Asian hours and was down more than 2% for
Gold prices steadied near $4,160 an ounce even as billions of dollars continued flowing into bullion-backed exchange-traded funds, exposing a divide between investment demand and weak price momentum. Spot gold was around $4,161.67 in Asian trading after losing 6.6% in September, its worst month since June. US-listed gold ETFs attracted $3.8 billion during the month,
Oil prices steadied on Friday after one of the sharpest reversals of the week, with Brent back above $102 a barrel after briefly breaking below $100 and West Texas Intermediate holding near $93. December Brent settled at $98.03 on Wednesday, then jumped 4.4% to $102.31 on Thursday. WTI rose 2.7% to $92.87. Part of Brent’s
Gold prices rose above $4,150 an ounce on Monday as investors responded to a much weaker US jobs report by sharply cutting the odds of another Federal Reserve rate increase in October. Spot gold gained 0.4% to $4,158.17 an ounce, while US December futures rose 0.6% to $4,186.40. The move came even as futures markets
Oil prices slipped on Monday as a coordinated release of emergency stocks and a sharp recovery in Middle East exports eased fears of an immediate shortage, although Brent remained above $100 as Gulf security risks kept a geopolitical premium in place. Brent crude traded around $101.50 a barrel, while West Texas Intermediate was near $90.10.