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وكالة مدار نيوز
Oil steady and gold slightly up amid Gulf talks
Oil prices stabilized after a two-day decline, as investors awaited developments in the Gulf region, particularly regarding shipping through the Strait of Hormuz, which is a vital passage responsible for transporting 20% of global oil trade. Brent crude futures rose to $79.62 per barrel, while West Texas Intermediate climbed to $75.90. Gold prices also saw a slight increase of 0.1%, reaching around $4,081 per ounce, supported by a decline in the US dollar and anticipation of US employment data that could influence Federal Reserve policies. The future of these prices depends on the ongoing Gulf tensions and conflicts over the Strait of Hormuz, which Iran refuses to relinquish control of, while the United States emphasizes its strategic importance in global oil trade.
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