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.
Gold prices rebounded on Tuesday after the plunge on Monday amidst the spike in crude oil prices.
Both Brent and WTI crude oil price benchmarks eased on Tuesday after surging heavily on Monday amidst fears of the latest flare-up in the Strait of Hormuz jeopardizing the U.S.-Iran ceasefire.
Rebounding from Friday's losses, crude oil has skyrocketed on Monday as U.S.-Iran tensions grow deeper despite the ongoing diplomatic efforts to end the war, while the Strait of Hormuz blockade continues to hold oil transit.
Reversing the gains from Friday's session, gold prices have slumped on Monday as inflation concerns resurface while fresh standoff arose between the U.S. and Iran in the ongoing Strait of Hormuz crisis.
Gold prices dipped on Monday as markets reacted to the rising geopolitical tensions in the Middle East.
Both the crude oil price benchmarks surged on Monday amidst conflicting reports of missile attacks on a U.S. warship.
Crude oil prices have plunged on Friday as the prospects of an end to hostilities in the gulf appear brighter even as the Strait of Hormuz remains closed, continuing to disrupt crude oil supply.
Gold prices have advanced on Friday as concerns of a renewed war-threat in the Middle East decreased following reports of Iran passing a new peace proposal through Pakistan to the U.S. to resolve the ongoing crisis.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.