Oil prices soared more than 9% on Monday after US President Donald Trump announced the reinstatement of a naval blockade on Iran, as the military confrontation between Washington and Tehran over control of the Strait of Hormuz intensified, raising fresh concerns about global energy ...
Gold prices dropped about 3% on Monday after US President Donald Trump announced the reinstatement of a naval blockade on Iran, driving oil prices higher, reviving inflation concerns, and reinforcing expectations that US interest rates will remain elevated for longer.
Spot gold fell 3.1% ...