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...
Gold prices were notably lower on Wednesday as the dollar firmed, and Brent crude prices remained elevated above $114 a barrel on mounting uncertainty around global supply. Spot gold fell 0.8 percent to $4,562.10 an ounce, hovering near one-month low amid inflation concerns and central bank policy...
Oil prices hit a four-year high on Wednesday as the U.S.-Iran conflict showed little sign of resolution, with negotiations making limited progress and the crucial Strait of Hormuz remaining effectively closed, leaving investors wary of fresh supply shocks. Brent crude futures jumped more than 3 percent...
Extending the gains from yesterday, crude oil has soared on Tuesday to reach triple digits earlier amid the ongoing U.S.-Iran stalemate. However, crude oil gave back ground later following reports of Iran readying a revised peace plan but managed to remain sharply higher.
Extending the losses from yesterday's session, gold prices have tumbled on Tuesday after the U.S. administration's reluctance to accept Iran's peace plan diminished the expectations of a solution to the gulf crisis. While Iran is working on revising its proposal, the Strait of Hormuz continues to remain blocked.
Gold prices fell sharply toward $4,600 an ounce on Tuesday, hitting a three-week low as elevated oil prices fueled concerns about inflation and the outlook for interest rates. Spot gold tumbled 1.5 percent to $4,612.48 an ounce while U.S. gold futures were down 1.5 percent at $4,625.86. The dollar...
Ol prices pushed higher on Tuesday as U.S.-Iran peace talks stalled and the Strait of Hormuz remained effectively closed, threatening energy supply. Brent prices rose nearly 3 percent to consolidate above $111 a barrel amid stalled efforts to end the U.S.-Iran war. WTI crude futures were up 3.2 percent...
Rebounding from the losses made in the previous session, crude oil prices have soared on Monday after the proposed U.S.-Iran negotiations were called off by the U.S. while supply disruption concerns continue.
Gold prices have tumbled on Monday as the U.S. and Iran vacillate from their respective stances on peace talks while the Strait of Hormuz remains effectively shut, thereby amplifying supply disruption and inflation-related concerns.
Gold prices were little changed on Monday while the U.S. dollar index wobbled amid stalled U.S.-Iran peace talks and ahead of a slew of central bank meetings this week, with Jerome Powell holding his last press conference as Federal Reserve Chair on Wednesday. Spot gold slipped 0.1 percent to $4,703.92...
Oil prices climbed on Monday, extending last week's rally amid little progress in peace talks between the U.S. and Iran. Brent crude futures traded 2.4 percent higher at $107.88 a barrel as the conflict entered its ninth week. WTI crude futures were up more than 2 percent at $96.33. The Strait...
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...
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.