After four consecutive sessions of gains, crude oil slumped on Friday as the prospects of a peace deal between U.S. and Iran gather steam, lowering Middle East tensions.
Regaining ground following yesterday's losses, gold prices have edged higher on Friday as expectations of an agreement between the U.S. and Iran rose amid reports of an upcoming meeting between the two nations.
Gold prices traded lower on Friday as U.S.-Iran peace talks showed little progress and the Strait of Hormuz remained effectively closed, sending oil prices soaring to $107 a barrel. Spot gold slipped 0.2 percent to $4,685.70 an ounce and was down about 3 percent for the week. U.S. gold futures were...
Oil prices climbed further on Friday amid signs that the U.S. and Iran have made little progress toward de-escalating the Middle East conflict. The Strait of Hormuz remained effectively closed, raising concerns that tensions may persist for longer than expected. Brent crude futures rose nearly...
Crude oil has surged on Thursday as traffic via the Strait of Hormuz remains closed, keeping oil supply concerns elevated while investors await Iran's next move on the extension of the ceasefire by the U.S. in the gulf war and calls for peace talks.
Gold prices have edged lower on Thursday as the planned second round of U.S.-Iran negotiations has been delayed indefinitely with both sides hardening their stance, leaving the Strait of Hormuz blocked with no resumption of oil transit, thereby stoking inflationary concerns again.
Gold fell below $4,700 an ounce on Thursday as the dollar held firm and oil prices jumped toward $104 a barrel amid stalled U.S.-Iran peace talks and tensions over the Strait of Hormuz. Spot gold fell 0.9 percent to $4,699.88 an ounce as the dollar held firm after two days of gains. U.S. gold futures...
Continuing the gains from the two previous sessions, crude oil has soared on Wednesday despite the extension of the ceasefire in the U.S.-Iran war as supply-disruption concerns remain due to the ongoing blockade of the Strait of Hormuz.
After tumbling for two consecutive sessions, gold prices have climbed on Wednesday after U.S. President Donald Trump announced the extension of the ceasefire between the U.S. and Iran, which moderately revived market sentiments. The unresolved Hormuz Strait crisis capped the prices on the upside.
Crude oil inventories in the U.S. unexpectedly increased in the week ended April 17th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories climbed by 1.9 million barrels last week after slipping by 0.9 million barrels in the previous...
Gold traded higher on Wednesday despite stalled U.S.-Iran peace talks, the release of robust U.S. retail sales data and somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing. Spot gold rebounded to trade 0.8 percent higher at $4,757 an ounce after falling...
Oil prices traded higher on Wednesday as concerns grew that the Middle East conflict could drag on. Brent crude futures were up 0.8 percent at $99.27 a barrel after settling 3.5 percent higher the previous day. WTI crude futures edged up by 0.9 percent to $90.46 after climbing 3 percent on Tuesday....
After skyrocketing yesterday, crude oil prices have continued to surge on Tuesday as the ongoing shutdown of the Strait of Hormuz kept supply disruption concerns alive. In addition, the prospect of peace talks between the U.S. and Iran remain subdued as Iran is yet to confirm its participation.
Extending yesterday's slump, gold prices have plunged on Tuesday as investors' attention converges on how the U.S.-Iran peace talks would pan out, with the crucial two-week ceasefire deadline ending in a day. The Strait of Hormuz still remains shut, increasing oil supply concerns.
Gold fell below $4,800 an ounce on Tuesday as investors awaited clarity on U.S.-Iran peace talks. Spot gold dipped 0.8 percent to $4,783.87 an ounce while U.S. gold futures were down 0.6 percent at $4,802.41. Investors pinned hopes for a resolution to the U.S.-Iran war, even as tensions between...
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.