Partially offsetting the gains from the six previous sessions, crude oil prices have slumped on Monday as the U.S. unleashes a massive economic offensive against Iran to compel the nation to strike a deal with the U.S. In addition, investors resorted to booking profits from last week's gains.
Gold prices have edged higher on Monday, adding to the three previous sessions of gains, as crude oil tumbles as the U.S. readies for a crushing economic blockade on Iran. Reports also indicated the U.S. Treasury could use General Account funds to buy back long-term bonds, which triggered concerns of the U.S. dollar weakening.
Gold extended gains on Monday after rising over 5 percent last week, driven by a softer dollar amid expectations that U.S. authorities will keep long-term borrowing costs in check. Spot gold was up 0.7 percent at $4,637 an ounce, reaching its highest level in more than three months as the U.S. dollar...
Oil prices were sharply lower on Monday, after having risen over 5 percent to post their second consecutive weekly gain last week amid the impasse in talks for deal to end the U.S.-Iran war. Brent crude futures tumbled 1.8 percent to $92.72 a barrel ahead of the announcement of fresh U.S. sanctions...
Crude oil prices have edged higher on Friday, extending five sessions of gains, as expectations of a U.S.-Iran deal sank after the U.S. announced economic measures to isolate Iran, leaving the Strait of Hormuz closed and heightening supply concerns.
Extending two days of gains, gold prices have soared on Friday as safe-haven demand for the U.S. dollar diminished following yesterday's announcement by U.S. President Donald Trump indicated a shift in the strategy against Iran from military aggression to economic pressure.
Gold prices rose sharply on Friday and were on track for a third consecutive weekly gain, supported by a weakening dollar and expectations of controlled longer-term Treasury yields. Spot gold jumped 1.5 percent to $4,586 an ounce, rising more than 4 percent so far this week to hit a near three-month...
Oil prices edged lower on Friday but held near one-month highs amid the continuing standoff between Washington and Teran over control of the Strait of Hormuz. Brent crude futures dipped 0.7 percent to $93.14 a barrel but were up more than 5 percent so far this week, marking their second consecutive...
Extending gains from the four previous sessions, crude oil prices have surged on Thursday, with expectations of an early reopening of the Strait of Hormuz sinking after U.S. President Donald Trump announced stringent economic measures against Iran.
Extending yesterday's surge, gold prices have edged higher on Thursday gaining back the ground it lost earlier due to profit-taking after U.S. President Donald Trump announced drastic economic measures against Iran which renewed crude oil supply concerns.
Gold prices fell on profit taking Thursday after rising sharply in the previous session following a surprise liquidity support announcement by the U.S. Treasury to stem a rout in the bond market. Spot gold fell 0.8 percent to $4,486.71 an ounce after surging more than 4 percent on Wednesday and hitting...
Oil prices traded higher for a fifth consecutive session on Thursday amid prevailing uncertainty over U.S.-Iran peace talks and tensions involving the United Arab Emirates, Oman and Iran. The prolonged conflict raised concerns over supply disruptions from West Asia. Brent crude prices climbed more...
Extending the three previous sessions of gains, crude oil prices have soared on Wednesday with expectations for a diplomatic breakthrough in the ongoing U.S.-Iran crisis fading while the closure of Strait of Hormuz continues, intensifying supply disruption concerns for a protracted period.
Reversing the losses from yesterday's slump, gold prices have surged on Wednesday, with expectations of a near-term rate hike by the U.S. Federal Reserve diminishing due to the intensifying Middle East crisis. As investors anticipate a hold on interest rates by the Fed, the U.S. dollar slid today, supporting the yellow metal.
After reporting a spike in U.S. crude oil inventories in the previous week, the Energy Information Administration released a report on Wednesday showing crude oil inventories saw further upside in the week ended August 14th. The EIA said crude oil inventories climbed by 4.4 million barrels last week...
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.