WTI oil prices fell today. Following reports that a ceasefire negotiation between Israel and Hamas could reach an agreement, leading to 8:22 pm Thai time, the price of West Texas crude oil (WTI) for June delivery. fell 11 cents to $82.52/barrel.
It was previously reported that Israel plans to send a delegation to Cairo, Egypt. to negotiate with Hamas on a proposed new truce aimed at releasing guards held in the Gaza Strip.
Israel also agreed to reduce the number of hostages it wanted to release to 33, instead of demanding that Hamas release at least 40 hostages.
The same is true for gold futures prices. Continually declining, recently falling 40 dollars, falling below the level of 2,320 dollars, while investors were selling gold as a safe asset. After easing concerns about the situation in the Middle East gold contracts on the COMEX (Commodity Exchange) market will be delivered in June. minus $40.00 to $2,317.70/oz. Gold prices came under pressure after reports of ceasefire talksbetween Israel and Hamas.
In addition, gold prices also affect the strengthening of the dollar. and the rebound in US government bond yields, investors are keeping an eye on the Federal Reserve’s (Fed) monetary policy meeting on April 30-May 1, with the latest CME Group FedWatch Tool showing investors are 97.3 percent biased that the Fed will hold. interest rates at 5.25-5.50 percent at this meeting.
The market is also watching Fed President Jerome Powell’s statement after the meeting. To find signs marking the Fed’s first interest rate cut this year. Includes non-agricultural employment figures for April to be announced this Friday. Analysts predicted that employment numbers rose by just 243,000 jobs in April. This continued from the level of 303,000 jobs in March. and the unemployment rate is expected to remain stable at 3.8 percent.
# Configure pause
#IsraelHamas
2024-04-30 14:03:10
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