Commodities

European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares (EPA:OREP) bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European …

Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …

Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …

Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …

Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …

WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is ready to respond when Israel should retaliate.More specific, Iran vowed to target several nuclear sites in Israel, which would mean …

On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions in the Middle East. These factors offset concerns about a potential decrease in US interest rates this year. Spot gold rose by 0.8 percent to $2,379.33 per ounce by 1001 GMT, following its peak at $2,431.29 …

Gold prices climbed on Thursday, driven by escalating fears of a widening conflict in the Middle East, which bolstered demand for safe-haven assets. This trend offset concerns about the possibility of prolonged high interest rates in the United States. At 0429 GMT, spot gold rose by 0.6 percent to $2,374.97 …

Improved global risk sentiment and a decline in US Treasury yields have caused gold prices to retreat from daily highs, further pressuring the US dollar. The precious metal is down 0.93%, at $2360.60 per ounce.Although US Federal Reserve officials have been hawkish, there has been a bullish momentum. The US …

Oil prices are reversing more quickly than expected as US reserves surge. The prospect of longer-term higher interest rate environment is raising worries about a decline in crude oil prices. The impact of geopolitical concerns has been mitigated by these fears. On Wednesday, there will be a significant decline in …