Breaking News: Oil and Gold Prices Plummet Post Ceasefire Announcement
Prices for gold drop, oil prices nosedive by 5% subsequent to Israel-Iran truce agreement.
Posted: June 24th, 2025 - 07:13 GMT FacebookTwitterWhatsAppShare
Oil and Gold prices see a sharp drop following the Israel-Iran ceasefire proposal by US President Trump.
After a 12-day conflict, the prospect of a truce brought much-needed relief to the global market. Brent oil fell by 5.0% and WTI by 5.1% respectively, reaching $67.93 and $65.01 per barrel respectively. The gold market also felt the impact, with the precious metal dipping to its lowest level in nearly two weeks. It fell by 0.6% to $3,349.89 per ounce, reaching its lowest point since June 11.
Sally Shakkour, the head of the English news team and an experienced news writer at Al Bawaba, reports this trend in the financial market following the ceasefire announcement. As a leader in digital journalism and SEO, Sally provides valuable insights and monitors the platform's social media accounts to keep readers informed about the latest trends and popular issues, including the impact of geopolitical events such as the Israel-Iran conflict on oil and gold prices.
As we move forward, it will be interesting to see how the markets adapt to this new phase of stability in the Middle East, a region crucial for global energy supply and geopolitical risk. Stay tuned for updates!
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- The sharp drop in oil and gold prices after the Israel-Iran ceasefire announcement is a significant event in the history of global economics, also making news headlines in the realm of politics and business.
- As oil and gold prices fluctuate due to geopolitical events, keeping up with relevant news, such as the latest on the Israel-Iran conflict, is essential for those interested in entertainment and sports, as these industries can be impacted by global financial trends.
- Covering the latest news about the impact of geopolitical events on oil and gold prices and the ensuing changes in the financial market is a critical responsibility for specialists in the field of journalism and SEO, like Sally Shakkour, who also spans topics such as science and technology in her work.
