Oil prices surged as President Trump issued a stern warning to Iran regarding the Strait of Hormuz. Tehran rejected a ceasefire, insisting on a permanent end to the war, while supply disruptions from Russia and potential further escalation in the Middle East are keeping crude prices elevated.
Gold heads for weekly loss amid oil-driven inflation concerns
Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions