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Oil prices climbed on Thursday (Oct 2), bouncing back from their lowest level in over four months, as expectations grew that the West may impose tighter sanctions on Russian crude exports, raising concerns over global supply and supporting a rebound in the energy markets.

Gold futures on the COMEX for December delivery surged past $3,900 per ounce in early Asian trading on October 1, hitting an all-time high of $3,901.40 before easing slightly to $3,888.50 by 11:36 a.m. Bangkok time.

Crude prices traded little changed on Friday, with Brent closing around $67.29 per barrel and WTI at $63.34. The Federal Reserve’s 25-basis-point rate cut, which typically supports energy demand, failed to lift sentiment amid mounting signs of a U.S. slowdown.

Gold is once again at the center of investor attention after repeatedly holding above previous highs, with growing signs of a potential major breakout toward fresh all-time records.

April 22, 2025 — Crude oil prices edged higher on Tuesday after heavy losses in the previous session, as investors engaged in short-covering. However, concerns over U.S. tariff policies and ongoing uncertainty around monetary policy continue to weigh on the broader outlook for oil demand.

April 21, 2025 — Gold prices soared to a new all-time high, breaking through the $3,400 per ounce mark on Monday, fueled by a weaker U.S. dollar and rising global uncertainty amid intensifying trade tensions between the United States and China.