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.
Prices of the yellow metal decreased on Friday as markets digested the likelihood of interest rates remaining high for longer than expected, owing to the unresolved geopolitical situation in the Middle East.
Crude oil price benchmarks declined from the flatline on Friday despite persisting tensions in the Middle East and disruptions in the Strait of Hormuz.
Crude oil prices have come under pressure over the course of the trading day on Thursday, giving back ground after surging overnight. After spiking by as much as 3.8 percent to a four-year high of nearly $111 a barrel, crude for June delivery was last seen trading at $104.48 a barrel, down $2.40 or...
After moving notably lower over the past few sessions, the price of gold has shown a strong move back to the upside during trading on Thursday. Gold for June delivery has jumped $68 or 1.5 percent to $4,629.50 an ounce after plunging $179.41 or 3.8 percent over the first three days of the week. With...
Gold prices traded sharply higher on Thursday, rebounding from a one-month low hit in the previous session as a sharp rise in oil prices to four-year highs fueled inflation concerns. Sentiment was also shaped by the U.S. Federal Reserve's status-quo decision on interest rates for the third straight...
Oil prices have jumped to their highest since 2022 on Thursday amid stalled U.S.-Iran peace talks and concerns that supply disruptions could persist longer than initially expected. Brent crude prices for June delivery dipped to $117 a barrel in volatile trading after spiking to $126.41 earlier. Brent...
Following two consecutive sessions of sharp gains, crude oil has catapulted on Wednesday as an end to the Middle East war still remains elusive, keeping the blockade on the Strait of Hormuz active.
Extending losses from the two previous sessions, gold prices have declined sharply on Wednesday as Iran struggles to reach a deal with the U.S. while the Strait of Hormuz remains blocked for oil transit.
After reporting an unexpected increase by U.S. crude oil inventories in the previous week, the Energy Information Administration released a report on Wednesday showing a sharp pullback by crude oil inventories in the week ended April 24th. The EIA said crude oil inventories plunged by 6.2 million...
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.