Articles by Rebecca Torres
Gold Retreats Despite Middle East Tensions as Dollar, Yields Climb
Gold prices declined on Monday, pressured by a stronger U.S. dollar and rising Treasury yields, even as geopolitical tensions flared in the Middle East. The precious metal erased last week's gains, with spot gold falling 0.4%.
Gold Retreats as Dollar Strength, Oil Surge Cloud $5,000 Outlook
Gold declined on Monday, pressured by a firmer U.S. dollar and a sharp jump in oil prices. The rally in crude, driven by renewed U.S.-Iran tensions, shifted market focus toward inflation risks, undermining bullion's traditional safe-haven appeal.
Brent Crude Surges 6% as Strait of Hormuz Tensions Escalate
Oil prices rebounded sharply Monday after a U.S. seizure of an Iranian vessel heightened fears over the Strait of Hormuz, a critical global oil chokepoint. Brent crude jumped over 6% to approximately $95.90 a barrel.
Gold Holds Near $4,830 as Hormuz Tensions Reignite Safe-Haven Demand
Spot gold traded at $4,829.40 an ounce ahead of the weekend, with prices pressured after Iran reversed course on reopening the Strait of Hormuz, reigniting safe-haven demand and inflation concerns.
Oil Markets on Edge as Hormuz Tensions Threaten Supply Flow
Crude oil futures fell sharply as shipping through the critical Strait of Hormuz faced renewed disruptions, with Brent closing at $90.38 and WTI at $83.85. The IEA reported a significant March supply drop.
Chevron Shares Slide Amid Oil Price Volatility and Strait of Hormuz Tensions
Chevron shares declined Friday as oil prices dropped sharply following a temporary reopening of the Strait of Hormuz. However, renewed tensions and reported gunfire at the vital waterway have reignited supply concerns ahead of Monday's trading session.
Gold Eyes Fourth Weekly Gain as Dollar Weakens, Diplomatic Moves Eyed
Gold is set for a fourth straight weekly advance, trading near $4,784 an ounce as a weaker U.S. dollar supports the metal. Investors are monitoring diplomatic efforts between the U.S. and Iran, alongside a Lebanon-Israel ceasefire.
Oil Prices Steady Near $95 Amid Hormuz Disruption, Shifting Demand Forecasts
Oil futures showed minimal movement, with Brent crude holding near $95 per barrel, as constrained tanker traffic through the Strait of Hormuz provided a floor against diplomatic optimism. Major agencies revised their demand forecasts lower.
European Gas Prices Retreat Amid Lingering Supply Fears
European natural gas prices declined Wednesday, easing from recent highs driven by Middle East supply concerns. The EU warned prolonged Strait of Hormuz disruptions could trigger fresh price spikes.
Silver Holds Near $79 Amid Persistent Supply Deficit Concerns
Spot silver edged lower to $79.40 per ounce, consolidating after a recent rally. The market faces ongoing tightness with a projected 46.3-million-ounce deficit for 2026, continuing a multi-year trend of supply shortfalls.
Gold Retreats from One-Month Peak as Dollar Strengthens, Rate Bets Dim
Gold prices pulled back from a one-month high on Wednesday, with spot bullion dropping 0.9% as a firmer U.S. dollar and reduced expectations for Federal Reserve rate cuts pressured the metal.