Commodities

Gold prices fell on Monday after reaching the highest level in nearly a month, with escalating fears of the conflict between Israel and the Islamic Resistance Movement (Hamas), which pushed the precious metal to rise by more than three percent in the previous session. By 0102 GMT, gold in spot …

Oil prices fell on Monday, with Friday’s rise relatively subsiding as investors awaited the repercussions of the conflict between Israel and the Islamic Resistance Movement (Hamas) on other countries, which could push prices up and deal a new blow to the global economy. Brent crude futures fell 34 cents, or …

Gold Gold prices surged last week, driven by safe-haven demand amid escalating geopolitical tensions. The rally began as Israel declared war and launched a military operation against the Palestinian militant group Hamas after an unprecedented attack on Israel. Gold, being a traditional safe-haven asset, gained 1.6% on Monday, marking its …

Following a decline on Thursday due to negative market sentiment, the Canadian dollar saw a minor recovery on Friday. Following a CPI inflation beat, investors supported the US dollar over worries that Fed interest rates would remain high. The Canadian currency, tied to crude oil price movement, is also strengthening …

On Friday, oil prices rose by about 6%, with Brent recording its largest weekly gain since February. As soon as Israel started conducting ground incursions into the Gaza Strip, investors factored in the likelihood that the Middle Eastern conflict may intensify. A week after the terrorist Palestinian group’s murderous assault …

In the wake of the rising Israel-Palestine crisis, gold prices are surging, trading around $1,929, precisely at $1929.20 at the time of writing; marking a gain of more than 3.21%. Israeli ground actions in Gaza instead of air strikes increase global tensions and strengthen safe-haven assets.US Treasury yields are under …

Gold consolidated on Friday and is heading towards recording its best weekly performance in seven months due to tension in the Middle East and supported by expectations that US interest rates may have reached their peak while markets evaluate the latest data on inflation. Gold in spot transactions increased 0.5 …

Due to increased Treasury yields, gold abruptly pulled back from over $1,880 and dropped below $1,870. Similar to Gold, Silver too experienced a fall and fell under $22.00. The 10-year yield jumped from 4.57% to 4.73%, while the 2-year yield increased from 4.98% to 5.07%.The US dollar continues to trade …

Due to investors’ worries when the US Consumer Price Index, or CPI, surpassed expectations, WTI crude oil prices plunged to a new low for the day. Crude Oil dealers, meanwhile, are focused on salvaging the day. Despite hitting a new low for the week, geopolitical unrest and supply worries continue …

Spot Gold price declines to $1,870 as markets turn around in response to US CPI inflation data. Markets are still undervaluing US inflation, which has caused risk-off flows.Thursday’s XAU/USD pricing has turned negative after beginning the day near $1,875. After the US Consumer Price Index (CPI) inflation reading revealed that …