Washington, Jan. 26 (SANA) Oil prices edged higher on Monday, extending last week’s gains, as investors monitored rising geopolitical tensions in the Middle East.
Brent crude rose 0.18% to $66 a barrel, while U.S. WTI crude gained 0.16% to $61.17 a barrel. Both benchmarks recorded weekly gains of about 2.7%, settling at their highest levels since Jan. 14, driven in part by expectations that a U.S. aircraft carrier strike group could soon deploy to the region, CNBC Arabia reported.
Gold hit a new milestone, trading above $5,000 per ounce, as investors sought safe-haven assets amid global uncertainty. Spot gold jumped 1.67% to $5,065.75 an ounce, while U.S. gold futures rose 1.6% to $5,062.30 an ounce. Analysts cited U.S.-NATO disputes over Greenland as an additional factor fueling demand.
Other precious metals saw mixed movements: silver climbed 2.52% to $105.54 an ounce, palladium rose 0.31% to $2,016.25, and platinum edged down 0.03% to $2,766.30, according to market data.
