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Commodities

Where would oil price be heading amid Middle East tensions?

Although oil prices have declined then afterwards managed to recover on Monday, geopolitical tensions might cause them to surge again, which would have repercussions in this year of significant elections. Traders are waiting for Israel to react to Iran’s recent direct attack, therefore they are on high alert. After falling …

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Gold price heads to fresh lifetime high amid Middle East crisis

Gold price continues to scale new record highs amid persistent geopolitical tensions. The strong move up seems unaffected by reduced Fed rate cut bets and bullish US dollar. Extremely overbought conditions might prompt some profit-taking around the precious metal. At the time of writing, gold is trading at $2093.70 per …

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