Continuing the gains from the two previous sessions, crude oil has soared on Wednesday despite the extension of the ceasefire in the U.S.-Iran war as supply-disruption concerns remain due to the ongoing blockade of the Strait of Hormuz.
After tumbling for two consecutive sessions, gold prices have climbed on Wednesday after U.S. President Donald Trump announced the extension of the ceasefire between the U.S. and Iran, which moderately revived market sentiments. The unresolved Hormuz Strait crisis capped the prices on the upside.
Crude oil inventories in the U.S. unexpectedly increased in the week ended April 17th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories climbed by 1.9 million barrels last week after slipping by 0.9 million barrels in the previous...
Gold traded higher on Wednesday despite stalled U.S.-Iran peace talks, the release of robust U.S. retail sales data and somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing. Spot gold rebounded to trade 0.8 percent higher at $4,757 an ounce after falling...
Oil prices traded higher on Wednesday as concerns grew that the Middle East conflict could drag on. Brent crude futures were up 0.8 percent at $99.27 a barrel after settling 3.5 percent higher the previous day. WTI crude futures edged up by 0.9 percent to $90.46 after climbing 3 percent on Tuesday....
After skyrocketing yesterday, crude oil prices have continued to surge on Tuesday as the ongoing shutdown of the Strait of Hormuz kept supply disruption concerns alive. In addition, the prospect of peace talks between the U.S. and Iran remain subdued as Iran is yet to confirm its participation.
Extending yesterday's slump, gold prices have plunged on Tuesday as investors' attention converges on how the U.S.-Iran peace talks would pan out, with the crucial two-week ceasefire deadline ending in a day. The Strait of Hormuz still remains shut, increasing oil supply concerns.
Gold fell below $4,800 an ounce on Tuesday as investors awaited clarity on U.S.-Iran peace talks. Spot gold dipped 0.8 percent to $4,783.87 an ounce while U.S. gold futures were down 0.6 percent at $4,802.41. Investors pinned hopes for a resolution to the U.S.-Iran war, even as tensions between...
Oil prices traded lower on Tuesday amid increased hopes that possible fresh talks in Pakistan between the U.S. and Iran would lead to a deal. However, the downside remained capped after the International Energy Agency (IEA) warned that the ongoing conflict has triggered the world's worst energy crisis...
After the previous session's tailspin, crude oil has catapulted on Monday after the U.S. seizure of an Iranian cargo ship threatened the ongoing ceasefire, with Iran vowing to retaliate, which renewed supply-related concerns.
Shedding the gains from the previous session, gold prices have slumped on Monday after the U.S. seizure of an Iranian-flagged ship across the Strait of Hormuz renewed crude oil supply disruption concerns.
Gold prices traded below $4,800 an ounce on Monday as the dollar strengthened, and bond yields surged amid uncertainty surrounding the second round of diplomatic talks between the United States and Iran. Spot gold fell 0.8 percent to $4,795 an ounce while U.S. gold futures were down 1.4 percent at...
Oil prices jumped more than 5 percent on Monday amid uncertainty surrounding the second round of diplomatic talks between the United States and Iran. Brent crude prices soared over 5 percent toward $96 a barrel while WTI crude futures WTI crude futures surged 6.3 percent to $87.80. The dollar...
Snapping two days of gains, crude oil went into a tailspin on Friday after Iran reopened the Strait of Hormuz, a critical sea-route through which 20% of the world's oil transit takes place, thereby easing supply-related concerns.
Gold prices have surged on Friday after Iran reopened the Strait of Hormuz fully until April 22. This development eased oil prices, and with inflationary pressure reducing, the U.S. dollar weakened, pushing yellow metal prices higher.
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.