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Gold Slips as Crude Oil Surges on Middle East Tensions
Gold’s safe-haven appeal faltered on Thursday as the precious metal slipped alongside equities, even as geopolitical risks in the Middle East intensified. Meanwhile, crude oil volatility surged, with Brent and WTI jumping sharply on fears that the conflict could disrupt global energy supply routes. Middle East tensions remained elevated on Thursday as Israel expanded strikes into Lebanon while Hezbollah and Iran-backed forces continued launching rockets and drones toward Israel. The escalation kept traders focused on the risk of broader regional disruption, particularly to energy supply routes through the Strait of ... (full story)
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From finance.yahoo.com | Mar 12, 2026
Gold ticked down, pressured by strength in the US dollar and the prospect of less monetary easing as the war on Iran sent oil prices soaring. Bullion fell as much as 1.3%, erasing earlier gains. The dollar continued its climb, weighing on gold and other precious metals, which are priced in that currency on international markets. Lower US jobless claims in ...
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