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Gold Slides Over 2% as Middle East Tensions Stoke Inflation Fears
March 23 (Reuters) - Gold prices slipped more than 2% on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.
Reuters
2 hours ago
Iran points at tit for tat retaliation if power plants targeted, statement
DUBAI, March 23 (Reuters) - Iran will retaliate to an attack on its electricity sector by targeting Israel's power plants as well as power plants supplying U.S. bases with electricity in regional countries, a statement by the Revolutionary Guards on Monday said. The statement seemingly retracted...Reuters
7 minutes ago
FACTBOX-Analysts hike oil price outlooks as Iran conflict persists
March 23 (Reuters) - Major brokerages have revised their 2026 average oil price forecasts as the U.S.-Israeli war on Iran rages on, with the conflict having sent oil prices surging more than 50% this month. Goldman Sachs raised its Brent crude oil forecast for 2026 to $85 a barrel from $77, citi...Reuters
11 minutes ago
Oil whipsaws as war risks to energy facilities counter prospect of eased Iran sanctions
Trump gives Iran 48 hours to reopen Strait of HormuzIran threatens Gulf energy, water if US hits power plantsMiddle East crisis 'very severe', IEA's Birol saysUS temporarily waives sanctions on Iranian oil at seaBy Mohi Narayan and Florence Tan NEW DELHI, March 23 (Reuters) - Oil pric...Reuters
13 minutes ago
PRECIOUS-Gold slides to nearly 4-month low as Mideast tensions stoke inflation fears
Iran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeOil prices remain above $110 per barrelBy Noel John March 23 (Reuters) - Gold prices slipped more than 2% on Monday, hitting a nearly four-month low, as an escalating Middle East conflict stok...Reuters
16 minutes ago
US energy, interior secretaries meet executives amid market turmoil
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's wors...Reuters
38 minutes ago
WRAPUP 2-Iran threatens to retaliate against Gulf energy and water after Trump ultimatum
Israel launches new wave of attacks on TehranSaudi Arabia says it intercepted ballistic missiles headed for RiyadhIran vows to strike Gulf infrastructure if US attacks power gridTehran says strait open to all but 'enemies'By Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSA...Reuters
52 minutes ago
UN weather agency confirms hottest decade on record
GENEVA, March 23 (Reuters) - The years between 2015 and 2025 have been the hottest since records began, the U.N. weather agency said on Monday, with 2025 ranking either second or third overall.The World Meteorological Organization report said 2015-2025 were the hottest 11 years since records began i...Reuters
an hour ago
IEA Discussing Further Oil Stock Releases, Chief Birol Says
PERTH/SYDNEY, March 23 (Reuters) - The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.Reuters
an hour ago
Goldman Sachs Raises 2026 Brent Crude Average Price Forecast by $8 to $85 a Barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.Reuters
2 hours ago
GRAINS-Chicago soybeans rise as investors weigh impact of US-Iran war
BEIJING, March 23 (Reuters) - Chicago soybean futures climbed on Monday as investors weighed U.S. and Iranian threats to target energy facilities that could escalate the war and add further pressure to the global commodities market. Wheat and corn futures edged higher. The most-active soybean contra...Reuters
2 hours ago
GRAINS-Chicago soybeans rise as investors weigh impact of US-Iran war
BEIJING, March 23 (Reuters) - Chicago soybean futures climbed on Monday as investors weighed U.S. and Iranian threats to target energy facilities that could escalate the war and add further pressure to the global commodities market. Wheat and corn futures edged higher. FUNDAMENTALSThe most-acti...Reuters
3 hours ago
PRECIOUS-Gold slides over 3% as Middle East tensions stoke inflation fears
March 23 (Reuters) - Gold prices slipped more than 3% on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.FUNDAMENTALSSpot gold XAU= was down 3.3% at $4,340.09 per ounce, as of 0Reuters
3 hours ago
