Gold is on track for its best month since 1982, driven by increasing expectations that a hawkish chairman might be appointed to the Federal Reserve. Although gold prices fell by more than 4% on Friday due to these rumors, geopolitical and economic uncertainty led investors to seek gold as a safe-haven asset, propelling it towards…
Following reports that the US President might launch a new attack on Iran, the price of gold surged to a record high on Thursday. An ounce of gold reached nearly $5,600. Due to increasing political tensions worldwide, people have started investing more in safe-haven assets like gold and silver. As a result, the prices of…
Oil prices rose on Wednesday as supply concerns persisted following a winter storm that disrupted U.S. crude oil production and exports. Geopolitical tensions in the Middle East also provided additional support to prices. The storm is estimated to have disrupted around 2 million barrels per day of U.S. oil production, while crude oil and LNG…
Oil prices fell on Tuesday as expectations grew that oil supplies from Kazakhstan would return to normal. After Kazakhstan announced that it is preparing to restart production at its largest oil field, investors became optimistic that more oil would be available in the market. As a result, Brent and U.S. crude oil prices declined slightly….
Politico has reported that the U.S. president’s administration is considering imposing a naval blockade to completely block oil imports to the Caribbean nation of Cuba, with the aim of bringing about a regime change there. No final decision has been made on this matter. However, it has been reported that some critics of the Cuban…
Following U.S.President warning that the US could take military action against Iran, a major oil producer, concerns about potential disruptions to oil supplies in the Middle East increased in the markets. As a result, oil prices rose in Asian trading on Friday. Despite some losses in previous trading sessions, expectations of improved global oil demand,…
The price of gold, which had reached a historic high of around $4,900 per ounce in the previous trading session, remained largely stable in the Asian market on Thursday. This was mainly due to the U.S. President backing down from his earlier strong warnings regarding tensions over Greenland and imposing tariffs on European countries. This…
Oil prices fell on Wednesday due to expectations of increasing US oil inventories, despite the ambition to acquire Greenland, the tariffs imposed by the US, geopolitical pressure, and a temporary production halt at two key locations in Kazakhstan. Oil production at Tengiz and Korolev, two of the world’s largest oil fields, may remain suspended for…
Global stock markets are under pressure, while gold and silver are witnessing strong demand due to rising risk-off sentiment triggered by the U.S. President’s Greenland proposal and proposed tariffs on several European nations. Heightened U.S.–EU tensions pushed investors toward safe-haven assets, leading precious metals ETFs to hit record highs on January 21. Gold futures surged…
Oil prices rose on Tuesday, as investors closely watched US President’s threats to impose higher tariffs on European countries due to his desire to buy Greenland, and better-than-expected economic growth figures from China. According to government data released on Monday, China’s refinery output increased by 4.1% year-on-year in 2025, while crude oil production rose by…
