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.
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.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.