1 Day
Source:
شبكة راية الإعلامية
Oil steady, gold up, dollar down
Oil prices stabilized in recent trading as markets awaited updates on the escalation between the United States and Iran. Shipping activity through the Strait of Hormuz slowed down due to the lack of clear signals indicating a move toward a peace agreement. The prices of Brent crude futures rose to $88.72 a barrel, an increase of 0.2%, while West Texas Intermediate (WTI) futures declined to $82.35, with weekly gains exceeding 5%. Meanwhile, gold prices saw limited gains due to the decline of the dollar and expectations of reduced chances for a US interest rate hike. Gold reached $4,388.62 per ounce in the spot market, with the dollar index falling to 0.1%. Movements in the oil and gold markets are directly linked to diplomatic developments and ongoing regional tensions.
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