Citi Calls Gold Price Dip a Buying Opportunity, Reaffirms Bullish Outlook
Analysts at Citi view the recent decline in gold prices as an attractive entry point for investors, reaffirming price targets of up to $5,000 per ounce within a year.
Latest by Elena Volkova
Two Workers Rescued From Nepali Hydropower Tunnel Nine Days After Disaster
Two workers were rescued from a collapsed hydropower tunnel in Nepal nine days after a catastrophic event destroyed major energy infrastructure and left thousands missing. One of the survivors, a foreman, said he remained behind to help colleagues escape.
Citi, ANZ Raise Brent Crude Forecasts on Middle East Supply Disruptions
Major banks Citi and ANZ have upwardly revised their price forecasts for Brent crude oil, citing significant supply disruptions in the Middle East and declining global inventories.
Oil Prices Hold Near Five-Week Highs as US-Iran Tensions Escalate
Crude oil benchmarks remain elevated as U.S. military strikes against Iran stoke supply fears, while a surprise drop in U.S. inventories provides further support to the market.
Oil Prices Post Largest Weekly Gain Since July as US-Iran Tensions Flare
Crude oil benchmarks are on track for their steepest weekly increase in over a month, driven by fears of supply disruptions from escalating military conflict between the U.S. and Iran in the Middle East.
Two Workers Rescued from Nepal Hydropower Tunnel Nine Days After Glacier Collapse
Rescue teams in Nepal have pulled two workers alive from a hydropower tunnel, nine days after they were trapped by a massive glacier collapse that has killed over 1,200 people.
Two Workers Rescued from Nepal Hydropower Tunnel Nine Days After Deadly Glacier Collapse
Two men were pulled alive from a tunnel at the Upper Trishuli 3A Hydropower Station, nine days after a devastating glacier collapse in Nepal killed over 1,200 people.
Gold Holds Near $4,500 as Fed's Waller Signals Potential Rate Pause
Gold prices stabilized near $4,500 an ounce, supported by a weaker dollar and falling Treasury yields, after Federal Reserve Governor Christopher Waller indicated a potential pause in interest rate hikes if inflation continues to cool.
Oil Prices Surge as U.S.-Iran Hostilities Stoke Supply Disruption Fears
Crude oil benchmarks are on track for substantial weekly gains, with WTI set to climb 10%, as escalating military conflict between the U.S. and Iran raises fears of prolonged supply disruptions through the critical Strait of Hormuz.