President Donald Trump announced the reinstatement of a US blockade on Iranian shipping and proposed a 20% charge on cargo transiting the Strait of Hormuz. Oil prices surged as markets assessed renewed risks to global energy supplies, while gold fell on expectations that higher energy costs could keep US interest rates elevated. Meanwhile, SpaceX shares
West Texas Intermediate (WTI) and Brent crude oil benchmarks rose slightly on Hyperliquid as tensions between the US and Iran escalated. WTI rose to $73, with its 24-hour volume and open interest rising to $113 million and $222 million, respectively. Brent rose to $78, with a trading volume of $63 million. Iran closes Strait of
Silver prices advanced during European trading on Friday as continued weakness in the US dollar and easing oil prices supported demand for the precious metal. Meanwhile, gold prices edged lower and remained on track for a weekly decline as escalating tensions between the United States and Iran reinforced expectations. Silver gains as the US dollar
Gold prices moved lower in the latest session, extending losses from the morning trade. As investors weighed weaker US employment data against the Federal Reserve’s latest policy signals, elevated Treasury yields, and ongoing geopolitical tensions surrounding the Strait of Hormuz. At the time of writing, spot gold traded at $4,104.30 per ounce, down 0.44%, compared
Oil is ending the week with a risk premium that refuses to fade. Prices held near recent highs on Friday as renewed US-Iran fighting kept traders focused on the Strait of Hormuz, where tanker flows have slowed sharply after attacks on commercial shipping. The rally has eased from its midweek peak, but the market is
Gold prices edged lower on Friday and were on track to post a weekly decline as escalating tensions between the United States and Iran heightened inflation concerns and reinforced expectations that the Federal Reserve could maintain a hawkish monetary policy stance. Spot gold slipped 0.1% to $4,115.79 per ounce by 0601 GMT. The precious metal
Oil prices rose again on Thursday after fresh US strikes on Iran revived fears of a deeper disruption around the Strait of Hormuz. Brent crude climbed about 1% to around $78.80 a barrel, while West Texas Intermediate rose to about $74.26. The move added to a sharp rally earlier in the week after renewed tanker
Gold is struggling to behave like a classic haven because the latest geopolitical shock is feeding the very risk that hurts bullion: higher inflation and tighter policy. Prices slipped on Thursday after renewed US-Iran fighting pushed oil higher and revived concerns that central banks may have to stay restrictive for longer. The metal still has
Silver is trying to steady after three days of losses, but the backdrop has turned more difficult. The metal edged higher near $58 an ounce on Thursday as bargain hunters returned, yet renewed US-Iran tensions are keeping traders cautious. The concern is not only the risk of another Middle East shock. It is that higher
Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came after the precious metal traded lower earlier in the day as rising oil prices fueled concerns that inflation could remain elevated and delay potential interest rate cuts. Spot gold climbed to an