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Gold edges down as Middle East worries ebb

Wednesday,   24-Apr-2024   08:19 (IST)

Gold prices edged lower on Wednesday, as fears of an escalation in the Middle East conflict eased, while investors waited for crucial US economic data that could shed more light on the timing of interest rate cuts. Spot gold was down 0.1 per cent at US$2,320.19 per ounce, as at 0115 GMT, having hit its lowest since Apr 5 in the previous session. Bullion’s March to April rally drove it up by nearly US$400 to an all-time high of US$2,431.29 on Apr 12. US gold futures were down 0.4 per cent at US$2,333.80 per ounce. Fears of a wider regional conflict in the Middle East eased after Iran said...

Oil prices inch up after data shows unexpected drop in U.S. crude stocks

Wednesday,   24-Apr-2024   08:10 (IST)

Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attenti...

Asian stocks extend gains; currencies tepid on stronger dollar

Tuesday,   23-Apr-2024   01:38 (IST)

Equities in Asia extended gains on Tuesday with a jump in Singapore shares, while currencies were largely subdued, still pressured by a strong U.S. dollar as markets have scaled back rate-cut expectat...

Gold edges higher; hovers near one-week low on tempered Middle East fears

Tuesday,   23-Apr-2024   08:37 (IST)

Gold prices edged up on Tuesday but hovered near a one-week low hit in the previous session, as worries over a wider Middle East conflict subsided, boosting investors’ risk appetite and lowering...

Oil steadies in Asian trading, Middle East tensions remain in focus

Tuesday,   23-Apr-2024   08:04 (IST)

Oil prices steadied in Asian trading on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Global benchmark Brent ...

Oil prices retreat as US crude build, rate cut concerns come to the fore

Monday,   22-Apr-2024   08:15 (IST)

Oil prices fell at Asia's open on Monday, dragged down by a renewed focus on market fundamentals, as Israel and Iran played down the risks of an escalation of hostilities in the Middle East after ...

Gold edges down as rising bond yields dent appeal

Monday,   22-Apr-2024   08:12 (IST)

Gold prices edged lower on Monday as higher US Treasury yields weighed on US dollar-priced bullion, while investors kept a close watch on any potential escalation in the Middle East conflict. Spot gol...

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 prosp...

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 ...

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