Oil Prices Drop and Gold Rises Amid Easing Iran Tensions
Global markets saw a decline in crude oil prices alongside a rise in gold, as investors react to geopolitical developments and upcoming economic data.
Oil prices fell in global markets on Monday, with Brent crude dropping by 1.5% to reach approximately 97 dollars per barrel.
This decline follows comments from US President Donald Trump, who downplayed the likelihood of new military strikes against Iran.
Conversely, gold prices rose by more than 1% in spot transactions, supported by a decrease in inflationary pressures resulting from the drop in energy costs.
Investors are currently awaiting the release of US inflation data and signals regarding the future monetary policy of the US Federal Reserve.
Meanwhile, the Houthis claimed responsibility for an attack targeting Aramco offices in Riyadh yesterday, Sunday, confirming that no injuries were reported.