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وكالة مدار نيوز
Oil steadies and gold gains as dollar weakens
Oil prices remained stable amid cautious sentiment in the markets due to the stalled US-Iran peace talks and slowing shipping activity through the Strait of Hormuz, amid ongoing concerns about crude supplies. Shipping traffic declined significantly, with only five ships passing through the strait on Saturday compared to 31 the previous week, amid accusations that Iran attacked an ADNOC vessel, reflecting escalating tensions in the region. Meanwhile, gold prices edged up slightly as the dollar weakened and expectations of a reduced likelihood of US interest rate hikes grew, following economic data indicating a slowing labor market and limited inflation, which boosted the appeal of the precious metal as a safe haven.
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