Oil prices declined after the US President announced on Wednesday a deal under which Venezuela would export $2 billion worth of crude oil to the United States, a move expected to expand supply to the world’s largest oil consumer. On Tuesday, the US President said on social media that Venezuela was “going to supply” between…
Gold prices across major Indian cities showed remarkable consistency. Only minor variations were observed due to local taxes, jewellers’ profit margins, and logistics costs. The spot price of gold, which is bought and sold for immediate delivery, was slightly above $4,451 per ounce on January 6. This represents an increase of 0.06 percent from the…
Gold prices rose in Asian trading on Monday following a US military operation in Venezuela and the arrest of President Nicolás Maduro. Venezuela possesses the world’s largest oil reserves, but years of sanctions and underinvestment have severely hampered production. The US actions increased uncertainty regarding the country’s short-term crude oil supply. For gold, this increased…
After ending last year with record gains, gold prices rose in Asian trading on Friday, the first trading day of 2026. Demand for gold increased again due to the decline in the value of the US dollar and expectations of interest rate cuts. After falling from record highs in the last week of 2025, gold…
Gold and silver reached new record highs on Friday as investors flocked to safe-haven assets amid rising global tensions and a weakening US dollar.This shift was largely driven by geopolitical factors. Silver followed gold’s advance, boosted by its industrial applications, particularly in electronics and clean energy technologies, and its safe-haven appeal. Analysts say that while…
Oil prices rose slightly on Friday due to increased US economic pressure on Venezuelan oil supplies and after the African nation’s authorities, in conjunction with the US, conducted airstrikes against Islamic State militants in Nigeria’s Sokoto state. However, oil prices are headed for their steepest annual decline since 2020, as investors weigh US economic growth…
Although oil prices were largely stable in Asian trading on Friday, prices were expected to fall for a second consecutive week, as market sentiment was driven more by persistent concerns about a global supply glut than by support from geopolitical supply risks. With traders’ focus shifting to signals of weaker demand and excess supply, both…
Oil prices rose on Monday, partially offsetting last week’s 4% decline, as tensions in Venezuela escalated.US West Texas Intermediate crude oil was up 23 cents, or 0.4%, at $57.67 a barrel, while Brent crude futures rose 25 cents, or 0.4%, to $61.37 a barrel. However, with no clear direction in the markets, concerns about oversupply…
Silver hit an all-time high of $64.31 in the spot market on the morning of December 12, up 8.86 percent in a week. Domestic silver sales fell 10% year-on-year in November 2025, amid the wedding season, when sales typically increase by 100% at this time of the year. Silver prices have increased dramatically. In this…
Gold prices rose slightly in Asian markets on Wednesday on expectations that the US Federal Reserve (Fed) will cut interest rates. Silver prices rose faster than gold, hitting a new high above $62 an ounce as silver is expected to be in tight supply and in high demand next year. In addition, the US dollar…
