-
Gold hits record highs
Oil prices continued to edge higher yesterday with Brent hitting an intra-day high of almost US$88/bbl – levels last seen back in early November. And this momentum has only continued in early morning trading today. An escalation in tensions in the Middle East would have pushed prices higher. Iran has accused Israel of carrying out an airstrike on its embassy in Syria, which killed three senior members of Iran’s Revolutionary Guards. This renewed tension comes at a time when oil fundamentals continue to firm thanks to the rollover of OPEC+ voluntary additional supply cuts. The tightening in the oil market is ... (full story)