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Oil prices set for weekly rise despite stabilization

Oil prices stabilized on Friday and were heading toward weekly gains after a highly volatile week marked by renewed fighting between the United States and Iran, which affected shipping activity through the Strait of Hormuz, according to Reuters.By 09:28 Moscow time, U.S. West Texas Intermediate (WTI) crude futures for August delivery were trading at $71.87 per barrel, down 0.29% from the previous settlement.Meanwhile, global benchmark Brent crude futures for September delivery stood at $76.01 per barrel, a decline of 0.38% from the previous close.On a weekly basis, Brent crude is set to gain around 6%, while U.S. crude is on track for a rise of nearly 5%.

10-07-2026 11:59

Oil prices set for weekly rise despite stabilization

Oil prices stabilized on Friday and were heading toward weekly gains after a highly volatile week marked by renewed fighting between the United States and Iran, which affected shipping activity through the Strait of Hormuz, according to Reuters.By 09:28 Moscow time, U.S. West Texas Intermediate (WTI) crude futures for August delivery were trading at $71.87 per barrel, down 0.29% from the previous settlement.Meanwhile, global benchmark Brent crude futures for September delivery stood at $76.01 per barrel, a decline of 0.38% from the previous close.On a weekly basis, Brent crude is set to gain around 6%, while U.S. crude is on track for a rise of nearly 5%.

10-07-2026 11:59

Gold Prices Continue to Fall

The price of gold in spot trading fell 0.4 percent to $3,985.89 per ounce, and U.S. gold futures for August delivery lost 0.2 percent to $4,001.60. As for other precious metals, the price of silver in spot trading fell 0.2 percent to $57.33 per ounce, and the price of platinum declined 0.2 percent to $1,575.85, while the price of palladium rose 0.3 percent to $1,170.25.

25-06-2026 09:13

Oil slips on easing supply fears while gold recovers

Oil prices declined on Monday as concerns over global supply disruptions continued to ease. Brent crude fell 1.9% to $79.04 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped to $76.53 per barrel.Investors are closely monitoring global economic developments and their impact on energy supply and demand dynamics.Meanwhile, gold prices recovered from their lowest levels in more than a week, supported by weaker oil prices. Spot gold rose 0.9% to $4,197.41 per ounce, rebounding after touching its lowest level since June 11 on Friday.However, U.S. gold futures for August delivery edged down 0.7% to $4,215.90 per ounce.

22-06-2026 11:04

Gold Heads for Weekly Loss on Inflation and Rate-Hike Fears

Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal ​Reserve interest rate hikes.FundamentalsSpot gold was down 0.3% at $4,200.82 ‌per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8%.US gold futures for August delivery rose 2.6% to $4,222.10.Gold fell ​to an over six-month low on Thursday before closing higher ​at $4,219.69 as US President Donald Trump called off planned ⁠military strikes on Iran and signalled an imminent peace deal.President ​Donald Trump on Thursday said the United States and Iran could sign ​a peace deal as soon as this weekend that would reopen the Strait of Hormuz to shipping, but Iran countered that it had not reached a final ​decision on an agreement.US producer prices increased more than expected in ​May, leading to the largest annual gain in 3-1/2 years as the Middle East ‌conflict ⁠drove up the cost of energy products.Traders are currently pricing a 60% chance of a US rate hike in December, according to the CME Group’s FedWatch tool.While gold is seen as a ​hedge against inflation, ​higher interest rates ⁠tend to weigh on the non-yielding metal.DBS Group, Singapore’s biggest bank by assets, said on Thursday ​it will offer tokenised physical gold to retail customers as ​demand for ⁠the precious metal grows and the city-state pushes to become a gold trading hub.Spot silver fell 0.4% to $67.11 per ounce, platinum gained ⁠0.3% to $1,724.45, ​while palladium rose 1% to $1,281.75.

12-06-2026 13:00

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Gold Heads for Weekly Loss on Inflation and Rate-Hike Fears

Gold prices edged lower on Friday and were on track for a weekly loss amid inflation concerns and potential US Federal ​Reserve interest rate hikes.FundamentalsSpot gold was down 0.3% at $4,200.82 ‌per ounce, as of 0101 GMT, and was set for a weekly loss of 2.8%.US gold futures for August delivery rose 2.6% to $4,222.10.Gold fell ​to an over six-month low on Thursday before closing higher ​at $4,219.69 as US President Donald Trump called off planned ⁠military strikes on Iran and signalled an imminent peace deal.President ​Donald Trump on Thursday said the United States and Iran could sign ​a peace deal as soon as this weekend that would reopen the Strait of Hormuz to shipping, but Iran countered that it had not reached a final ​decision on an agreement.US producer prices increased more than expected in ​May, leading to the largest annual gain in 3-1/2 years as the Middle East ‌conflict ⁠drove up the cost of energy products.Traders are currently pricing a 60% chance of a US rate hike in December, according to the CME Group’s FedWatch tool.While gold is seen as a ​hedge against inflation, ​higher interest rates ⁠tend to weigh on the non-yielding metal.DBS Group, Singapore’s biggest bank by assets, said on Thursday ​it will offer tokenised physical gold to retail customers as ​demand for ⁠the precious metal grows and the city-state pushes to become a gold trading hub.Spot silver fell 0.4% to $67.11 per ounce, platinum gained ⁠0.3% to $1,724.45, ​while palladium rose 1% to $1,281.75.

12-06-2026 13:00

Gold Prices Continue to Fall

The price of gold in spot trading fell 0.4 percent to $3,985.89 per ounce, and U.S. gold futures for August delivery lost 0.2 percent to $4,001.60. As for other precious metals, the price of silver in spot trading fell 0.2 percent to $57.33 per ounce, and the price of platinum declined 0.2 percent to $1,575.85, while the price of palladium rose 0.3 percent to $1,170.25.

25-06-2026 09:13

Oil slips on easing supply fears while gold recovers

Oil prices declined on Monday as concerns over global supply disruptions continued to ease. Brent crude fell 1.9% to $79.04 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped to $76.53 per barrel.Investors are closely monitoring global economic developments and their impact on energy supply and demand dynamics.Meanwhile, gold prices recovered from their lowest levels in more than a week, supported by weaker oil prices. Spot gold rose 0.9% to $4,197.41 per ounce, rebounding after touching its lowest level since June 11 on Friday.However, U.S. gold futures for August delivery edged down 0.7% to $4,215.90 per ounce.

22-06-2026 11:04

Oil prices set for weekly rise despite stabilization

Oil prices stabilized on Friday and were heading toward weekly gains after a highly volatile week marked by renewed fighting between the United States and Iran, which affected shipping activity through the Strait of Hormuz, according to Reuters.By 09:28 Moscow time, U.S. West Texas Intermediate (WTI) crude futures for August delivery were trading at $71.87 per barrel, down 0.29% from the previous settlement.Meanwhile, global benchmark Brent crude futures for September delivery stood at $76.01 per barrel, a decline of 0.38% from the previous close.On a weekly basis, Brent crude is set to gain around 6%, while U.S. crude is on track for a rise of nearly 5%.

10-07-2026 11:59

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