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.
Gold fell below $4,550 an ounce on Tuesday as Treasury yields edged up and the dollar steadied after a decline in the previous session on expectations that the Federal Reserve will keep interest rates higher for longer. Oil prices eased from two-week highs but remained at elevated levels, weighing...
Oil prices fell sharply on Tuesday after U.S. President Donald Trump said "serious negotiations" are underway to end the war with Iran. Brent crude futures for July delivery were down 1.6 percent at $110.30 a barrel, while WTI crude futures fell a little more than 1 percent to $103.31. Investors...
Crude oil prices have surged on Monday, extending the gains from the two previous sessions as the U.S. administration takes time to respond to Iran's new peace proposal while the uncertainty surrounding reopening of the Strait of Hormuz holds.
Gold prices have ticked lower on Monday as a U.S. ultimatum to Iran to strike a deal before time runs out triggered war concerns while reports of Iran submitting a new proposal to the U.S. to end war eased Middle East tensions. The U.S. is yet to officially respond.
Gold prices were little changed on Monday, after having hit a more than one-and-a- half-month low earlier in the session, on rising Middle East tensions and inflation concerns. Spot gold edged up marginally to $4,543.66 an ounce while U.S. gold futures slipped 0.3 percent to $4,547.97. Brent crude...
Oil prices climbed on Monday, building on last week's rally as the continued near-shutdown of the Strait of Hormuz kept supply concerns elevated. Brent crude futures for July delivery were up nearly 1 percent at $110.34 a barrel, while WTI crude futures for July delivery surged 1.3 percent to $102.29. Amid...
Extending gains from yesterday's session, crude oil prices have catapulted on Friday after the U.S.-China summit ended with no announcement on the likelihood of China liaising with Iran to end the gulf war, leaving the Strait of Hormuz blockade to continue.
Extending the losses from yesterday's session, gold prices have plunged on Friday as the Strait of Hormuz blockade is more likely to continue since the U.S.-China summit ended with no announcement on a possible Chinese intervention to end the gulf war.
Gold prices fell more than 2 percent on Friday, reaching a more than one-week low and on track for a weekly decline. Spot gold slumped 2.1 percent to $4,554.99 an ounce, extending losses for a fourth consecutive session, pressured by a stronger dollar and rising Treasury yields. U.S. gold futures...
Oil prices rallied on Friday as Hormuz concerns persisted and U.S. President Donald Trump claimed the United States will prevail in its war with Iran, "peacefully or otherwise". Brent crude prices for July delivery jumped more than 3 percent to $109.19 a barrel as attacks on one ship and the seizure...
Partially offsetting the losses from yesterday's session, crude oil prices have inched higher on Thursday as the Strait of Hormuz remains effectively shut, U.S.-Iran deal eluding, with increasing expectations of Chinese intervention to end the hostilities.
Offsetting the gains from yesterday, gold prices have edged lower on Thursday as the U.S. and Iran fail to reach a peace deal to end their war while the presidents of U.S. and China meet to enhance trade and tech ties.
Gold prices were a tad higher on Thursday as investors awaited cues from a high-stakes summit between U.S. President Donld Trump and Chinese President Xi Jinping in Beijing. Spot gold edged up by 0.2 percent to $4,698.72 an ounce while U.S. gold futures were little changed at $4,705.05. Trump's...
Oil prices traded higher on Thursday after the International Energy Agency warned that global oil inventories are falling at a record pace and will continue to drop for months as a result of disruption to Middle East supplies. Investors also await the outcome of U.S. President Donald Trump's summit...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.