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Market Economy
Commodities
Oil prices retreat amid hopes for a US-Iran agreement
2026-05-21 19:13PM UTC
Oil prices pulled back from Thursday’s session highs as investor hopes grew that the United States and Iran could reach an agreement preventing a return to war.
US crude oil rose 16 cents to $98.42 per barrel by 1:30 p.m. Eastern Time, while global benchmark Brent crude fell 31 cents ...
Commodities
Gold declines as oil prices rise and rate hike expectations increase
2026-05-21 18:32PM UTC
Gold prices fell 1% on Thursday after rising oil prices fueled inflation concerns, strengthening bets on higher US interest rates and pushing Treasury yields and the dollar higher, adding further pressure on the precious metal.
Spot gold declined 1% to $4,500.07 per ounce. The yellow metal ...
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