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October 3, 2024

Gold Rangebound as Investors Brace for Key US Economic Data

Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key US economic data that may provide clues about the size of the Federal Reserve’s interest rate cuts expected later this year.

Spot gold was flat …

Oil Rises Amid Middle East Tensions

Oil prices increased on Thursday as concerns over a potential escalation of the Middle East conflict, which could disrupt crude oil flows from the vital exporting region.

Brent crude futures rose by 94 cents, or 1.27%, to $74.84 a barrel, while US We…