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Gold set for fifth weekly gain as geopolitical risks buoy demand

Friday,   19-Apr-2024   10:28 (IST)

Gold prices rose on Friday, on track for their fifth weekly gain, with investors gravitating towards safe-haven assets as political uncertainty in the Middle East overshadowed pressures from the prospect of higher-for-longer US interest rates. Spot gold was up 0.4 per cent at US$2,388.49 per ounce, as of 0111 GMT. US gold futures edged 0.2 per cent higher to US$2,403.30 per ounce. Bullion rose 3 per cent so far this week. The US announced new sanctions on Iran, targeting its unmanned aerial vehicle production after its attack on Israel. Federal Reserve policymakers have rallied around the idea...

Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran

Friday,   19-Apr-2024   08:18 (IST)

Oil prices jumped $3 a barrel on Friday in reaction to unconfirmed reports on X that explosions had occurred in Iran, sparking concerns that Middle East oil supply could be disrupted. Brent futures ju...

Gold gains as Middle East tensions lift safe-haven appeal

Thursday,   18-Apr-2024   08:53 (IST)

Gold prices climbed on Thursday as concerns about the Middle East war extending to other regions boosted demand for the safe-haven metal. Spot gold was up 0.4 per cent at US$2,369.93 per ounce, as at ...

Oil inches up after U.S. reimposes Venezuela oil sanctions

Thursday,   18-Apr-2024   08:39 (IST)

Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked o...

Gold edges higher as Middle East tensions lift safe-haven appetite

Tuesday,   16-Apr-2024   08:57 (IST)

Gold prices ticked up on Tuesday, hovering near record-high levels, as fears of escalating tensions in the Middle East drove investors towards the safe-haven metal. Spot gold edged up 0.1 per cent at ...

Oil prices rise as Israel weighs response to Iran attack

Tuesday,   16-Apr-2024   08:06 (IST)

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for re...

Gold edges higher as Middle East tensions spur demand

Monday,   15-Apr-2024   09:10 (IST)

Gold prices edged up on Monday, hovering below a record high hit in the previous session, as escalating tensions in the Middle East lifted bullion’s safe-haven appeal. Spot gold was up 0.3 per c...

Oil prices fall after Iran attack as market draws down risk premium

Monday,   15-Apr-2024   08:26 (IST)

Oil prices fell at Asia's open on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited ...

Gold prices hit record highs on safe-haven demand

Friday,   12-Apr-2024   08:23 (IST)

Gold prices scaled to a record high on Friday as geopolitical tensions continued to boost demand for the safe-haven metal, while strong economic data failed to dampen bullion's allure. Spot gold w...

Oil prices head back up on Middle East jitters

Friday,   12-Apr-2024   08:19 (IST)

Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk di...