The spot gold price on the global market has shown positive momentum since the start of 2026 after recording a remarkable increase throughout 2025. The latest data shows that spot gold was last traded at around US$4,378 per ounce, up around 1.6% in the Asian session due to several economic factors and market sentiment supporting the precious metal as a safe-haven asset. This global gold rally comes after the precious metal ended last year with a record gain of more than 60%, its largest achievement in decades. Market analysts identify several key drivers, including a weaker US dollar,...
Precious metals began the first trading session of the New Year by continuing their strong gains in 2025 as geopolitical tensions and expectations of a US interest rate cut kept gold demand high. Spot gold prices rose 0.5% to $4,335.50 an ounce, as of 10:25 a.m. ET (15:25 GMT), after hitting $4,402.06 earlier in the session. Bullion hit a record high of $4,549.71/oz on December 26, marking a 64% increase in 2025. US gold futures for February delivery rose 0.1% to $4,346.20/oz. "We continue to see the market talking about a March interest rate cut and possibly another later this year. That...
Oil prices fell on the first trading day of 2026 as expectations of a growing supply surplus offset geopolitical risks to production in some OPEC+ countries. Brent crude traded near $60 per barrel on a relatively thin trading day, while West Texas Intermediate neared $57. Middle East markets, including derivatives such as the regional benchmark Dubai, weakened amid heavy selling pressure during the key Asian trading window, traders familiar with the matter said. Faced with a seasonal decline in consumption, the Organization of the Petroleum Exporting Countries (OPEC) is likely to remain...