Gold prices held steady at around US$4,070 per troy ounce in Wednesday morning trading, after previously rising 0.6%. Investors are still weighing negative sentiment from the global stock market plunge, concerns about overvalued technology stocks, and diminishing hopes for an interest rate cut in the United States. Nvidia’s earnings report, due out Wednesday evening local…
Global oil prices fell slightly as the market was clouded by two conflicting concerns: the threat of a supply surplus and new US sanctions against Russia. Brent was trading below USD 64 per barrel, while West Texas Intermediate (WTI) hovered near USD 59 per barrel. The price of Russia’s main oil fell to its lowest…
Silver fell beneath the $50-per-ounce threshold, pressured by a stronger US dollar and fading expectations of a Federal Reserve rate cut next month. Traders are now focused on a series of key US data releases following the end of the country’s longest-ever government shutdown, including Thursday’s September jobs report, for clearer insight into labor-market conditions….
Gold prices fell to their lowest levels in more than a week on Tuesday as fading bets on a Federal Reserve interest rate cut next month dented demand ahead of delayed U.S. economic data releases this week. Spot gold was down 0.3% at $4,033.29 per ounce, as of 0909 GMT, after earlier hitting its lowest…
A Russian missile strike on the eastern Ukrainian city of Balakliia killed three people, with three teenagers among the 10 wounded, Kharkiv regional officials said on Monday. The overnight attack damaged multi-storey residence blocks and destroyed scores of cars in the city centre, Oleh Synehubov, the governor of the region bordering Russia, said on the…
Oil prices fell again in the Asian session after the key Russian port, Novorossiysk, resumed crude oil loading. This recovery immediately eased market concerns about supply disruptions, wiping out the significant gains recorded in the previous session. Brent for January delivery fell 0.9% to $63.80 per barrel, while WTI weakened 1% to $59.47 per barrel….
