Oil Steadies; Gold Declines From Peak
The article discusses the stability of oil prices after they declined by more than 2% in the previous session, with Brent crude futures rising by 0.3% to $92.44 per barrel, and U.S. West Texas Intermediate (WTI) crude up by 0.4% to $85.38. Meanwhile, gold prices dropped to their lowest levels in over three months, as investors shifted their focus to upcoming U.S. inflation data and the Federal Reserve Chairman's speech. Gold declined by 0.2% to $1,460.39 per ounce. These developments reflect the impact of new U.S. sanctions on Iran on the oil market, while investors are also assessing how upcoming U.S. economic data will influence the gold and oil markets.
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