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Gold slipped toward $4,150 an ounce on Wednesday, giving back some of the previous session’s gains as oil prices rebounded on persistent risks to Middle East supply, keeping inflationary risks and rate hike concerns in focus. Oil prices advanced as Iran intensified attacks on tankers in the Strait of Hormuz in recent d
Gold futures rose after a two-session losing streak as the U.S. dollar pulled back and yields eased. Silver also gained, while traders cited expectations for a lower October Fed rate hike and focus on Wednesday's FOMC minutes.
Gold futures are attempting a recovery, supported by a weaker U.S. dollar and softer oil prices. Lower expectations for a Federal Reserve interest-rate increase in October are also providing a tailwind for bullion.
Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL GLOBAL MARKETS-Bonds shaky, oil eases off highs amid trade, peace talks MKTS/GLOB Oil prices fall as Iran says it is open to diplomacy to
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.