Drop in Gold Prices Archives -

Decline in Oil gains

Decline in Oil gains: Oil prices fell in early Asian trading on Monday, reversing the gains made in Friday’s session.

Contents:

Decline in oil prices
Drop in gold prices
Ongoing Fall of the Japanese Yen to Record Lows

Decline in Oil Prices

Oil prices experienced a decline in early Asian trading on Monday, reversing the gains achieved in Friday’s session.
This was due to the easing of peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo,
which raised concerns about escalating conflict in the Middle East.

Additionally, inflation data from the United States led to reduced expectations for an interest rate cut in the near future.

Brent crude futures fell by one dollar, or 1.1 percent,
to $88.50 per barrel before slightly rising to $88.55 by 0149 GMT.
West Texas Intermediate crude futures fell by 84 cents, or 1 percent, to $83.01 per barrel.

Drop in Gold Prices

Gold prices fell on Monday, as hopes for an early U.S. interest rate cut faded.
The focus shifted towards the upcoming Federal Reserve meeting
on monetary policy and non-farm payroll data in the United States,
which is due this week for further monetary policy indicators.

Spot gold prices fell 0.5 percent to $2327.09 an ounce,
and U.S. gold futures fell 0.4 percent to $2338.30 an ounce.

Ongoing Fall of the Japanese Yen to Record Lows

The Japanese yen broadly weakened in Asian markets on Monday, against a basket of major and minor currencies,
It has deepened its losses for the fourth consecutive day against the U.S. dollar and recorded a new 34-year low.
The yen traded below 160 yen per dollar for the first time since April 1990.

Concerns increased about the interest rate differentials between Japan and the United States
following a less aggressive meeting by the Bank of Japan last week,
with the likelihood of a Federal Reserve interest rate cut not expected until next July.
Japanese authorities have repeatedly warned about the excessive weakness of the yen without taking actual intervention to bolster the currency.

Decline in Oil gains

Continued Decline of the Japanese Yen

Continued Decline of the Japanese Yen:
The Japanese yen has approached the 155 mark against the US dollar
for the first time since 1990, indicating its weakness.

Content

Continued Decline of the Japanese Yen

Gold Prices Drop After a Rise

Oil Prices Fall During Today’s Trading

Continued Decline of the Japanese Yen

The Japanese yen is nearing the 155 mark against the US dollar for the first time since 1990,
indicating the Japanese currency’s weakness.
The yen showed some recovery in the Asian market on Tuesday
as it rose slightly against a basket of major and minor currencies.
Japanese authorities closely monitor this development
and may intervene to protect the yen from excessive weakness.
The Bank of Japan might adopt a more hawkish tone under these circumstances.

Drop in Gold Prices After a Series of Rises

Gold prices fell to their lowest levels on Tuesday in more than two weeks,
as fears of a potential widespread conflict in the Middle East subsided.
This situation undermined investors’ interest in gold as a safe haven and increased their appetite for risk.

The spot gold price fell nearly 1% to $2304.99 per ounce. U.S. gold futures fell 1.2% to $2318.80 per ounce.

Gold had fallen more than 2% in the previous session,
marking its largest daily decline in over a year, after Iran announced
that it did not intend to respond to an apparent drone attack by Israel.

Oil Prices Fall During Today’s Trading

Oil futures declined on Monday, as concerns about the impact
of the conflict in the Middle East on oil supplies faded.

Brent crude futures fell 29 cents or 0.33% to $87 per barrel.
West Texas Intermediate futures fell 29 cents or 0.35%, closing at $82.85 per barrel.

Global oil prices had risen more than three dollars per barrel
early in Friday’s trading after explosions were heard
in the Iranian city of Isfahan, described by sources as an Israeli attack.
However, Tehran’s statements downplaying the impact of this attack
and announcing that it did not intend to respond led to a retreat in gains.