Wall Street Retreats as Oil Prices Continue to Rise, ASX Set to Slip
- ASX 200 Index futures point to a 0.5% decline on Monday, set to open at 8774 points following Friday's weak session on Wall Street.
- Global oil prices surged 3.1% to $US116.72 per barrel, reaching their highest level since April as traders assessed risks of a broadening conflict in the Middle East.
- Wall Street's S&P 500 fell 0.5% on Friday, though energy stocks gained 2.5%, reflecting investor anxiety over inflation and artificial intelligence infrastructure costs.
- Reserve Bank of Australia interest rate hike odds have risen to two-in-three, with officials scheduled to face the Senate Estimates Committee on Wednesday.
- Following the appointment of UK-based biotech executive Deborah Waterhouse as new chief executive, CSL shares fell 2.4% as the board announced chair Brian McNamee will step down.
456 Articles
456 Articles
Global gold prices are back in the spotlight after falling below the psychological level of US$4,000 per troy ounce.
Gold Under Pressure as Oil-Driven Inflation Fears Reshape Federal Reserve Expectations
Gold enters the final week of October facing renewed selling pressure as rising energy prices, persistent inflation concerns and shifting expectations for US monetary policy challenge the precious metal's traditional appeal as a safe-haven asset...
Oil gets cheaper, but risks of supply disruptions through the Strait of Hormuz persist
Oil Surges 4% After Deadly Attacks in Saudi Arabia
Brent crude climbed 4% to settle near $113 a barrel on Oct. 22, 2026, the biggest gain in roughly two years, according to market data reported by Rigzone. The move followed deadly attacks in Saudi Arabia that heightened concerns that escalating Middle East hostilities could disrupt oil supply, according to the report [1]. The U.S. […]
Gold prices declined slightly in early Asian dealings today by Tuesday due to the rise in the dollar. Gold in instant transactions fell 0.1% to $4013.70 per ounce by 0045 GMT, American futures for gold dropped 0.3% to $4027.10. For other precious metals, silver in instant transactions rose 0.1% to $53.97 per ounce, while platinum stabilized at $1527.81, and the country fell by 0.7% to $1042.43.
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