Fundamental Analysis

Oil Prices Rise as Hormuz Tanker Attacks Renew Supply Fears

Oil prices rose on Thursday as geopolitical tensions escalated, renewing supply worries. Fresh attacks on tankers passing through the Strait of Hormuz threatened the recovering oil flows. At the same time, the Houthis continue to attack energy facilities in Saudi Arabia. However, reports that Russian oil could increase in the global market capped gains.  Middle Read More…

gold technical analysis
Fundamental Analysis

Gold Prices Fall as Traders Brace for Next Week’s Fed Decision

Gold prices extended losses on Wednesday as market participants eagerly awaited the FOMC policy meeting next week. However, the move remained subdued with no major economic releases this week. At the same time, the recent pullback in oil prices eased supply and inflation worries, capping declines in the yellow metal.  Spot gold (Source: Bloomberg) Consumer Read More…