Oil prices plunged with Brent falling below $60 per barrel on Tuesday for the first time in seven months. Prices were under pressure as hopes of a peace deal between Russia and Ukraine dented sentiments. Meanwhile, gold prices were steady after spending most of the day in the red, following the release of the US
Silver prices hit fresh record highs on Wednesday, above $66 per ounce. Gold prices also advanced on Wednesday, with softer labour market data from the US on Tuesday signalling a cooling economy. Meanwhile, oil prices jumped more than 2% as US President Donald Trump ordered the blockade of all sanctioned oil tankers entering and leaving
Gold prices pared losses from earlier in the day as softer-than-expected US inflation data raised hopes of Federal Reserve rate cuts next year. Silver prices fell sharply as investors booked profits after the metal had hit record highs above $66 per ounce. Meanwhile, oil prices rose as concerns about lower supply boosted sentiments among investors.
Asian markets began the week on a firm footing, buoyed by technology-led gains on Wall Street, while gold surged to fresh record highs amid expectations of easier US monetary policy. Elsewhere, China kept its benchmark lending rates unchanged despite weak economic data, and ride-hailing firms Uber and Lyft announced plans to trial driverless taxis in
Both gold and silver prices soared on Monday to new record highs as US rate cuts, coupled with safe-haven demand, buoyed sentiments. The February gold contract on COMEX hit a fresh record high of $4,452.85 per ounce earlier on Monday. The March silver contract also hit a new high of $69.515 per ounce. At the
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