oil prices

  • Gold Falls as Rising Oil Prices Weigh on Market Sentiment

    ByFegea

    Gold prices dropped to a two-week low as escalating tensions in the Middle East pushed oil prices and U.S. Treasury yields higher, reducing demand for the precious metal. Spot gold fell about 2%, while U.S. gold futures also declined as investors anticipated that higher energy costs could keep inflation elevated and prompt the Federal Reserve…

  • ECB Expected to Hold Rates as Oil Prices Cloud Outlook

    ByFegea

    The European Central Bank (ECB) is widely expected to leave interest rates unchanged at its July 23 policy meeting as inflation continues to ease. However, a recent surge in oil prices driven by renewed Middle East tensions has increased expectations that the ECB could raise rates again in September. According to a Reuters survey of…