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FUN News4 articles
S&P 500 Plunges to Six-Month Low as Oil Surge Dashes Rate Cut Bets
U.S. equities suffered a broad sell-off, with the S&P 500 closing at its lowest level since September. Surging oil prices and a jump in the 10-year Treasury yield above 4.3% prompted a sharp reversal in interest rate expectations.
Gold Plunges to Six-Week Low as Hawkish Central Banks, Oil Spike Pressure Bullion
Gold prices tumbled sharply, with spot gold dropping 3.9% to $4,629.29 per ounce, its lowest level since early February. The sell-off was driven by major central banks holding interest rates steady and warning of renewed inflation risks from surging oil prices.
Oil Holds Near Six-Month Highs Amid Iran Tensions, Supply Draws
Oil prices remained near six-month highs despite a slight Friday pullback, supported by geopolitical tensions and a sharp drop in U.S. crude inventories. Brent and WTI posted weekly gains of roughly 5.3%.
BP Shares Dip Ahead of Dividend Date as Oil Holds Near Six-Month High
BP shares declined approximately 1% to 474 pence in early London trading as investors positioned for the upcoming dividend. Oil prices remained near six-month highs, with Brent crude trading at $71.99 per barrel.