Global Gold and Oil Prices Rise Amid Regional Tensions and Tariff Uncertainty

Global Gold and Oil Prices Rise Amid Regional Tensions and Tariff Uncertainty
Global Gold and Oil Prices Rise Amid Regional Tensions and Tariff Uncertainty
Gold prices climbed on Wednesday during Asian trading sessions as investors flocked to the precious metal as a safe-haven asset. This surge comes as markets evaluate the ongoing uncertainty surrounding U.S. tariffs.اضافة اعلان

According to Bloomberg News, U.S. gold futures for April delivery rose by 0.3%, reaching $5,192.20.

Precious Metals
Other precious metals also saw significant gains:

Spot Silver: Rose by 1% to reach $88.23 per ounce, following its highest level in over two weeks recorded on Monday.

Spot Platinum: Increased by 2.1% to $2,212.72 per ounce.

Palladium: Gained 1.4%, reaching $1,793.68.

Energy Market
In the energy sector, oil prices hovered near seven-month highs on Wednesday. Market sentiment remains cautious due to concerns over a potential military conflict in the Middle East, which could lead to major supply disruptions.

Brent Crude Futures: Rose by 45 cents to reach $71.22 per barrel.

West Texas Intermediate (WTI) Futures: Climbed by 0.64% to reach $66.05 per barrel.