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Find out why spot gold prices dropped sharply today after hitting a 2-week high. Learn how the Middle East conflict and rising Brent Crude affect gold in India.
Oil prices are climbing once again, creating fresh worries for investors and oil-importing countries like India. After a brief fall in crude prices, tensions in the Middle East have pushed Brent crude back towards the $87-$88 per barrel level.
If you are trading in the MCX commodity market, today is shaping up to be an interesting session for Crude Oil. Based on the latest Bloomberg chart analysis, Crude Oil is showing a specific setup that intraday traders can look out for.
US-Iran war: Oil prices climbed on Wednesday after the United States carried out fresh strikes on Iran in response to Tehran’s attacks on commercial vessels transiting the Strait of Hormuz.
Global crude oil prices have seen a massive decline after months of uncertainty and sharp volatility caused by geopolitical tensions in the Middle East. The recent peace agreement between the United States and Iran has helped ease supply concerns, leading to a sharp fall in oil prices.