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...
Partially offsetting the gains from the two previous sessions, crude oil prices have pulled back on Wednesday as the upcoming negotiations between the presidents of the U.S. and China have increased expectations of an end to the U.S.-Iran standoff despite OPEC and IEA oil forecast reports warning of a supply-demand mismatch.
Gaining ground from the losses incurred in yesterday's session, gold prices have advanced on Wednesday despite the ongoing U.S.-Iran standoff pushing oil prices higher, as expectations of Chinese intervention to end the gulf war increase.
Crude oil inventories in the U.S. decreased by much more than expected in the week ended May 8th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories slumped by 4.3 million barrels last week after falling by 2.3 million barrels in...
Gold prices slipped below $4,700 an ounce on Wednesday as a stronger dollar and rising Treasury yields dented bullion's safe-haven appeal. Spot gold dipped 0.35 percent to $4,697 an ounce while U.S. gold futures were up half a percent at $4,707.75. The U.S. dollar held near a one-week high as...
Oil prices were slightly lower on Wednesday after three days of strong gains. Brent crude futures for July delivery slipped 0.3 percent to $107.46 a barrel while WTI crude futures for June delivery were down 0.6 percent at $101.58. Traders booked some profits at higher levels after the International...
Extending the gains from yesterday, crude oil prices have catapulted further on Tuesday amid concerns of re-escalation in the Middle East conflict following the U.S. rejection of Iran's peace proposal and reports of U.S. plans to restart the war.
Gold prices have moved lower on Tuesday after U.S. President Donald Trump rejected Iran's response to a U.S. proposal to end the ongoing gulf war while analysts parsed U.S. inflation data.
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.