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…
Gold prices in Asian trading on Monday surpassed $4,700 per ounce, reaching an all-time high, following the US President’s imposition of new trade tariffs on eight European countries in connection with his attempt to purchase Greenland. This decision provoked strong condemnation from European politicians. As a result, investors sought refuge in precious metals. On Monday,…
Oil prices extended gains for a fourth consecutive day in Asian trading on Tuesday amid supply disruption risks in Iran.Iran, a major producer in the OPEC group, is facing the biggest anti-government protests in years. According to Bloomberg, exports are expected to be 800,000-900,000 barrels per day, which is about 45% less than initial expectations….
The base metal copper has started 2026 with a strong performance. The price of copper, widely used in wires and cables, rose steadily throughout 2025, reaching a new peak on January 6, 2026. It touched $6.069 per pound on the Comex spot market. This represents a year-on-year increase of 59.63 percent from $3.802 per pound….
After two consecutive days of declines, both major benchmarks rose by more than 3% on Thursday. Brent crude is poised for a 2.7% gain this week, while WTI is set for a 1.4% increase. The price increase comes after the U.S. President last week ordered the arrest of the Venezuelan President and stated that the…
Barclays Bank has increased its copper price forecasts for 2026 to 2028; it now expects prices to range from $5.59 to $5.68 per pound. Prices for precious metals have been raised even further. Silver is expected to rise to $75 per ounce in 2026 and $65 in 2027, while gold is projected at $4,550 and…
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…
