The decline in gold and silver prices is linked to the escalation of the conflict in the Middle East, which negatively impacted expectations regarding interest rate reductions. As noted by Bloomberg, the rise in oil and gas prices was also triggered by the onset of military actions in the region, increasing inflationary risks and reducing the likelihood of interest rate cuts by central banks.
Data as of 19:00.
Oil and gas prices continued to rise on Thursday as Iran and Israel attacked key energy facilities in the Persian Gulf. As a result of geopolitical tensions, the price of Brent oil increased by more than 10%, exceeding $119 per barrel, while gas exchange quotes surged by more than 35%, reaching $891 per 1,000 cubic meters.
