Reversing the gains from yesterday's session, crude oil prices have edged lower on Thursday following the reopening of the Strait of Hormuz and the resumption of the free flow of oil from the gulf. Concerns related to early restoration of output in Arab nations restricted the downside movement.
Reversing yesterday's gains, gold prices have plunged on Thursday as indications from the U.S. Federal Reserve of higher interest rates for a few more months diminished the appeal of the precious metal. However, the reopening of the Strait of Hormuz following the U.S.-Iran deal signing and the eventual slump in crude oil prices limited the decline.
Gold prices were a tad higher on Thursday as easing geopolitical tensions offset pressure from a stronger dollar and higher Treasury yields. Spot gold edged up 0.3 percent to $4,268.61 an ounce, after having fallen 1.7 percent on Wednesday on the back of hawkish Fed policy and upbeat retail sales...
Oil prices were sharply lower on Thursday amid easing geopolitical tensions after U.S. President Donald Trump and his Iranian counterpart remotely signed a preliminary agreement to end the 110-day conflict. Brent crude futures fell 2.4 percent to $77.61 a barrel, extending declines toward the lowest...
Pausing four consecutive sessions of losses, crude oil prices have moved higher on Wednesday as energy experts are skeptical of an early restoration of normal oil trade in the gulf region despite the likely success of the upcoming U.S.-Iran deal.
Gold prices have edged higher on Wednesday as the upcoming U.S.-Iran deal signing on Friday continued to revive market spirits, while the focus of investors also turned to the interest rate announcement by the U.S. Federal Reserve. However, today's strength in U.S. dollar capped the gains.
A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. tumbled by much more than expected in the week ended June 12th. The EIA said crude oil inventories plunged by 8.3 million barrels last week after slumping by 7.2 million barrels in the...
Gold prices were little changed on Wednesday after four straight days of gains and ahead of the Federal Reserve's rate decision later in the day. Spot gold was little changed at $4,330.65 an ounce while U.S. gold futures were down 0.1 percent at $4,349.20. The U.S. central bank is widely expected...
Oil prices edged up slightly on Wednesday, after having fallen sharply in the previous session on expectations of increased supply. Brent crude futures for August delivery were up 0.2 percent at $79.10 a barrel after tumbling 5 percent on Tuesday amid investor optimism for an end to the U.S.-Iran...
Extending three consecutive sessions of losses, crude oil prices were in freefall on Tuesday with transit disruption concerns fading due to an imminent U.S.-Iran deal.
Partially offsetting the two consecutive sessions of gains, gold prices have edged lower on Tuesday despite a decline in crude oil prices due to the prospects of reopening of the Strait of Hormuz as economists dismissed any chances of a rate cut by the U.S. Federal Reserve in tomorrow's announcement.
Gold traded higher on Tuesday, extending its recovery from a six-month low as falling oil prices helped ease worries about inflation and the outlook for interest rates. Spot gold jumped 0.8 percent to $4,342.37 an ounce, while U.S. gold futures were up 0.3 percent at $4,364.51. Brent crude futures...
Oil extended declines on Tuesday, after having fallen to a three-month low in the previous session on easing energy supply concerns. Brent crude futures for August delivery fell 2.1 percent to $81.41 a barrel, while WTI crude futures for July delivery were down 2.3 percent at $78.89. U.S. President...
After ending last Friday with two consecutive sessions of losses, on Monday crude oil prices have gone for a tailspin after the U.S. and Iran announced reaching an agreement to discuss ways to end their mutual conflict. The framework allows immediate resumption of free flow of oil and energy trade via the Strait of Hormuz.
Extending Friday's surge, gold prices have soared on Monday following a slump in crude oil prices after the U.S. and Iran announced a deal to end the gulf war and reopen the Strait of Hormuz. The official signing is set to take place on Friday in Switzerland.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.