Crude oil prices have tumbled on Friday as expectations of the U.S. and Iran signing a Memorandum of Understanding run high. The MoU would allow for immediate reopening of the Strait of Hormuz and pave the way for the resumption of oil and energy trade.
Gold prices have soared on Friday amid rising optimism about an end to the Middle East war with the chances of reopening of the Strait of Hormuz and resumption of oil and energy trade growing stronger.
Gold held firm above $4,500 an ounce on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low amid investor optimism that the Middle East conflict is inching toward an end and that the reopening of the Strait of Hormuz may ease...
Oil prices fell sharply on Friday to hit a one-month low and were on track for a sharp monthly loss as signs of easing U.S.-Iran tensions raised hopes of smoother oil flows through the Strait of Hormuz. Brent crude futures fell below $92 a barrel and were down nearly 19 percent so far in May, marking...
Crude oil futures skyrocketed overnight but have shown a significant pullback over the course of the trading day on Thursday. After surging as much as $3.84 or 4.3 percent to a high of $92.52 a barrel, crude for July delivery was seen trading up by $0.32 or 0.4 percent at $89 a barrel. The pullback...
After moving sharply lower earlier in the day, the price of gold has shown a significant turnaround over the course of the trading session on Thursday. Gold for August delivery has surged $52.50 or 1.2 percent to $4,534 an ounce after tumbling by as much as $85.90 or 1.9 percent to a two-month intraday...
A report released by the Energy Information Administration on Thursday showed crude oil inventories in the U.S. decreased by less than expected in the week ended May 22nd. The EIA said crude oil inventories slid by 3.3 million barrels last week after plunging by 7.9 million barrels in the previous...
Gold prices were sharply lower on Thursday after the U.S. conducted fresh self-defense strikes in southern Iran and Tehran also targeted strikes on a U.S. air base, driving up global oil prices and reviving inflation concerns. Spot gold tumbled 1.4 percent to $4,395.53 an ounce while U.S. gold futures...
Oil prices rebounded on Thursday after falling more than 5 percent in the previous session to reach their lowest levels in a month on hopes of a possible agreement between the United States and Iran to end the war and reopen the Strait of Hormuz. Brent crude futures for August delivery were up 2.2...
Extending the losses from yesterday's session, crude oil prices have gone into freefall on Wednesday as investor expectations on a potential U.S.-Iran agreement continue to rise despite the U.S. refusing to ease its demands.
Extending the losses from yesterday's session, gold prices have slumped on Wednesday as traders watch the ongoing efforts to end the U.S.-Iran standoff with cautious optimism while the blockade on the Strait of Hormuz continues. The rising inflationary pressure weighed on gold and silver prices.
Gold prices traded lower on Wednesday, extending losses from the previous session as investors fretted about oil-driven inflation and the potential impact on interest rates. Spot gold dipped 0.4 percent to $4,490.29 an ounce amid renewed U.S.-Iran tensions near the Strait of Hormuz. U.S. gold futures...
Oil prices traded sharply lower on Wednesday as U.S.-Iran talks continued despite new American attacks on missile sites and mine-laying ships in the Strait of Hormuz. Brent crude futures for August delivery slumped 3.6 percent to $93.22 a barrel while WTI crude futures for July delivery plummeted...
Crude oil prices have tumbled on Tuesday as optimism about a U.S.-Iran peace deal that could lead to reopening of the Strait of Hormuz soon grows despite reports of fresh U.S. strikes on Iran yesterday.
Gold prices have edged lower on Tuesday amid renewed concerns of inflationary pressure following fresh U.S. military strikes on Iran yesterday while the Strait of Hormuz remains closed for oil and energy transit.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.