Partly offsetting the losses from three consecutive sessions, crude oil prices have inched higher on Friday as Middle East tensions renewed after the exchange of fire between the U.S. and Iran. Iran is delaying its response to a U.S. peace proposal to end the war, adding to the uncertainty.
Extending gains for the fourth consecutive session, gold prices have edged higher on Friday as investors wait to see Iran's response to the U.S. proposal to halt the war and reopen the Strait of Hormuz.
Gold traded higher above $4,700 an ounce on Friday as the dollar index struggled around the 98 mark ahead of the U.S. jobs report due later in the day and the CPI report, scheduled for next Tuesday. Additionally, the U.S. Senate will vote on May 11 to invoke cloture on the nomination of Kevin Maxwell...
Oil prices ticked higher on Friday after the U.S. and Iran traded fire in the Strait of Hormuz and accused each other of carrying out attacks in the sharpest confrontation since the fragile U.S.-Iran ceasefire came into effect on April 7. Brent crude futures for July delivery were little changed at...
Extending two consecutive sessions of losses, crude oil prices have edged lower on Thursday amid reports indicating Iran is readying new rules for vessels crossing the Strait of Hormuz while the regime is also reviewing a peace plan offered by the U.S. to end the gulf war.
Extending gains for the third consecutive day, gold prices have edged higher amid increasing expectations of an end to the gulf war as the Iranian regime analyzes a peace proposal offered by the U.S. to end the war and commence negotiations on all issues.
Gold prices were sharply higher on Thursday, and the dollar index was subdued amid optimism over a potential U.S.-Iran peace deal and easing concerns about inflationary pressures. Spot gold surged nearly 1 percent to $4,735.74 an ounce while U.S. gold futures for June delivery were up more than 1...
Oil prices extended losses on Thursday, after having fallen nearly 8 percent in the previous session on optimism over a potential U.S.-Iran peace deal. Brent crude futures for July delivery were down 2.4 percent at $98.83 a barrel following positive indications from Iran and the U.S. regarding diplomatic...
Extending the losses from yesterday's session, crude oil prices have went into freefall today after U.S. President Donald Trump indicated the U.S. and Iran may reach a deal soon.
Extending gains from yesterday's session, gold prices have soared on Wednesday after U.S. President Donald Trump announced that great progress was being made in the ongoing U.S.-Iran negotiations to end mutual hostilities.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. decreased by slightly less than expected in the week ended May 1st. The EIA said crude oil inventories fell by 2.3 million barrels last week after tumbling by 6.2 million barrels in the...
Growing optimism about a peace deal to end the Middle East war dragged down crude oil prices and the safe-haven dollar, helping the yellow metal climb above $4,733 on Wednesday.
Crude oil prices plunged heavily on Wednesday amidst reports that a deal between the U.S. and Iran is nearing agreement. The massive decline in crude oil prices also followed key announcements regarding the U.S. temporarily halting Project Freedom aimed at guiding commercial vessels through the Strait of Hormuz and ending Epic Fury, the combat operations against Iran.
Reversing gains from yesterday's session, crude oil prices have plummeted on Tuesday after U.S. attempts to unblock Strait of Hormuz traffic boosted market sentiments.
Rebounding from yesterday's slump, gold prices have moved higher on Tuesday as "Project Freedom" moves to day number two, reinforcing expectations of smooth oil and energy transit across the Strait of Hormuz, which weighed on oil prices and supported the yellow metal.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.