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…
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…
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….
Silver prices (XAG/USD) strengthened and moved near $51.00 during Monday’s Asian session. This increase occurred amid market uncertainty following the end of the US government shutdown. Market participants are also preparing to closely monitor the speeches of several Fed officials, including John Williams, Philip Jefferson, Neel Kashkari, and Christopher Waller, who could potentially provide new…
Gold prices (XAU/USD) remained on the defensive in Monday’s trading, after briefly rising slightly in the Asian session to above $4,100/oz. Sellers exploited this strengthening, putting pressure on gold for the third consecutive day. The primary reason was that market participants began to reduce expectations for a Fed rate cut in December, which strengthened the…
