Tag: Middle East tensions

Gold's record highs were driven by geopolitical tensions and US election concerns, but profit-taking led to a decline. Silver briefly rose to a 2012 high before retreating. Central bank buying and anticipated rate cuts are fueling gold's rally amid increasing investor interest.
Posted in Business

Gold hovers near fresh record, silver at highest since 2012. Why? Uncertainty

 October 22, 2024  Leave a Comment on Gold hovers near fresh record, silver at highest since 2012. Why? Uncertainty

Oct 22, 2024 08:45 AM IST Gold retreated after hitting a record high, buoyed by Middle East tensions and US election uncertainty. Profit-taking followed 4-day…

Continue Reading
Gold prices hit a record high of $2,729.30 an ounce amid safe haven demand and geopolitical tensions in the Middle East, while silver also saw significant gains.
Posted in Business

Gold at record high as Mideast, US elections push haven demand

 October 21, 2024  Leave a Comment on Gold at record high as Mideast, US elections push haven demand

Oct 21, 2024 08:31 AM IST Analysts predict gold futures could average $3,000 an ounce by late 2025. Gold has gained over 30% in 2024,…

Continue Reading
Geopolitical tensions in the Middle East are increasing market uncertainty, driving investors towards safe-haven assets. Experts warn that rising oil prices and potential supply chain disruptions could exacerbate inflation concerns.(AP)
Posted in Business

US stock market ‘on edge’ as Middle East tensions flare, traders jolted

 October 2, 2024  Leave a Comment on US stock market ‘on edge’ as Middle East tensions flare, traders jolted

One day after hitting an all-time high, US stocks are in retreat Tuesday and volatility is rising on reports that Iran is preparing to launch…

Continue Reading
Smoke billows from the site of an Israeli airstrike on the Lebanese city of Baalbeck in the Bekaa valley in south Lebanon. Brent crude rose by 1.14% to $74.74, while US WTI climbed 1.31% to $71.29 amid fears of a looming hurricane impacting production.(AFP)
Posted in Business

Lebanon crisis: Oil prices climb on Middle East tensions

 September 24, 2024  Leave a Comment on Lebanon crisis: Oil prices climb on Middle East tensions

Oil prices rose on Tuesday on news of monetary stimulus from top importer China and concerns that tensions in the Middle East could hit regional…

Continue Reading