Brent crude surged 25% to $116 as Middle East tensions halted Hormuz traffic, disrupting supply, sparking comparisons.
Gold snapped five-week rally, down 3% as dollar surged; energy spike hit bonds and rate-cut expectations.
Germany’s factory orders plunged 11.1% in January, reversing December’s 7.8% rise, signalling weakening manufacturing demand.
Germany’s industrial output declined 1.2% year-on-year in January, worsening from December’s 0.6% fall.
Germany’s seasonally adjusted industrial production fell 0.5% in January, missing forecasts expecting a 0.9% rise.
AUD/USD rebounds, closes bearish gap; China inflation, oil surge and risk-off dollar strength cap gains near 0.7000.
GBP/USD dips near 1.3300 as risk aversion boosts dollar demand amid escalating Iran conflict and uncertainty.
Japan says too early to judge Middle East conflict impact; considers using reserves to curb petrol prices.
Silver slips to $82.80 as dollar strengthens, Fed cut hopes fade; weak jobs data offers limited support.
Saudi gold prices fell Monday: SAR 613.83/gram and SAR 7,160.01/tola, FXStreet data showed in Saudi Arabia.
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