Partially offsetting the losses from three consecutive sessions, crude oil prices have advanced on Friday as traders weigh increasing concerns of an impending crude oil inventory shortage due to the ongoing Strait of Hormuz blockade against the positive signals from U.S.-Iran peace talks.
Gold prices have edged lower on Friday as crude oil inventory concerns and the extended delay in the reopening of the Strait of Hormuz increased inflation-related apprehensions, overshadowing the positive signals from the developments in the U.S.-Iran negotiations.
Gold prices traded lower on Friday and headed for a weekly loss despite renewed optimism about U.S.-Iran talks. Both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz. Spot gold dipped 0.4 percent to $4,525.80 an ounce and headed for a decline of...
Oil prices traded higher on Friday but headed for a weekly loss amid renewed optimism about U.S.-Iran talks. However, both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz. Brent crude prices traded up over 3 percent around $106 a barrel but were...
After surging early in the day, crude oil prices have tumbled over the course of the trading session on Thursday. With the downturn, crude oil is extending the losses from the two previous sessions, as investors watch the developments in U.S.-Iran peace talks.
Gold prices have ticked higher on Thursday amid conflicting reports of Iran's stance on moving its enriched uranium. While Iran is reviewing a U.S. response to its earlier peace plan, the continuing stalemate over the Strait of Hormuz capped the gains.
Gold dipped toward $4,500 an ounce on Thursday, weighed down by a firm dollar and higher Treasury yields. Spot gold slipped 0.3 percent to $4,531.74 an ounce while U.S. gold futures were down half a percent at $4,533.75. Traders monitored peace talks between the United States and Iran after U.S....
Oil prices were little changed on Thursday, after having fallen over 5 percent in the previous session amid optimism over a possible easing of Middle East tensions. Brent crude futures for July delivery were down 0.3 percent at $104.72 a barrel while WTI crude futures slipped 0.2 percent to $98.07. Both...
Crude oil prices have gone into freefall on Wednesday, extending yesterday's losses, as diplomatic measures to secure a U.S.-Iran agreement to end their hostilities move at a brisk pace.
Partially offsetting the losses from yesterday's session, gold prices have edged higher on Wednesday as efforts to secure a U.S.-Iran peace agreement gather pace, sending positive signals of an to end the war and the reopening of the Strait of Hormuz.
The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. tumbled by much more than expected in the week ended May 15th. The report said crude oil inventories plunged by 7.9 million barrels last week after slumping by 4.3 million barrels in the...
Gold prices were little changed on Wednesday, recouping early losses despite a stronger dollar and higher U.S. Treasury yields. Spot gold was steady at $4,482.58 an ounce, consolidating losses at nearly seven-week lows after U.S. President Donald Trump said the war with Iran will end "very quickly."...
Oil prices were sharply lower on Wednesday after U.S. President Donald Trump said the war with Iran will end "very quickly." In another development, the British government has relaxed sanctions on Russian energy imports to address rising fuel costs due to the effective blockade of the Strait of Hormuz....
Following three consecutive sessions of gains, crude oil prices have edged lower on Tuesday following news of the U.S. halting its planned attacks on Iran. Even as Iran awaits the U.S. response to a peace plan it sent days before through Pakistan, the Strait of Hormuz continues to remain shut, tightening global oil supplies.
Gold prices have slumped on Tuesday as the U.S. administration delays responding to a 14-point peace plan submitted by Iran while uncertainty surrounding the reopening of the Strait of Hormuz continues to linger.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.