Oil set for first weekly decline in seven weeks ahead of US-Iran talks
SINGAPORE: U.S. crude futures rose slightly on Friday but were on track for their first weekly drop in seven weeks as supply concerns eased, and investors focused on the outcome of U.S.-Iran nuclear talks in Oman later in the day.
Gold, silver set for weekly losses on tech selloff and stronger dollar
GOLD and silver recouped early losses on Friday, but were headed for a second straight week of declines as a global rout in tech equities and a stronger U.S. dollar wiped out gains made by the metals during a brief rebound earlier this week.
Oil settles down on easing supply concerns
Oil prices settled down almost 3% on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies.
Gold, silver plunge on firm dollar, broad market selloff
Gold and silver prices fell sharply in a broader market selloff on Thursday, as an advance in the dollar to a near two-week high and signs of easing U.S.-China trade tensions added further pressure on the precious metals.
Oil falls 2% on easing supply concern after US, Iran agree to talks
TOKYO/SINGAPORE: Oil prices fell about 2% on Thursday after the U.S. and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between them could disrupt supply from the key Middle East-producing region.
Oil prices climb 3% as market awaits US-Iran talks
Oil prices surged about 3% on Wednesday after a media report suggested planned talks between the United States and Iran on Friday could collapse.
Gold climbs back near US$5,100 as US-Iran tensions flare
GOLD prices bounced back to near US$5,100 on Wednesday on safe-haven demand as renewed geopolitical tensions between the U.S. and Iran added to the yellow metal's appeal a day after it posted its best day in over 17 years.
Oil prices extend gains on fears of escalating tensions in Mideast
TOKYO: Oil prices rose on Wednesday, extending the previous day's gains, after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tension between Washington and Tehran.
Oil climbs after US shoots down Iranian drone
Oil prices climbed about 2% on Tuesday after the US shot down an Iranian drone approaching a US aircraft carrier and armed boats approached a US-flagged vessel in the Strait of Hormuz, stoking concerns talks aimed at de-escalating US-Iran tensions could be disrupted.
Gold market will stabilise eventually, say experts
Despite the price of gold continuously falling this week, the correction in prices has come at the right time, says India-based Metal Focus principal consultant, Chirag Sheth.
