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Oil Rises on Middle East Tensions While Gold Steadies Near Two-Day Low
M
Moneycontrol•14-10-2026, 07:49
Oil Rises on Middle East Tensions While Gold Steadies Near Two-Day Low
- •Oil prices climbed as renewed attacks in the Middle East created uncertainty over Persian Gulf energy flows.
- •Brent crude rose above $106 a barrel and West Texas Intermediate advanced toward $95.
- •Gold held near a two-day low after a Federal Reserve official signaled a possible rate hike this year.
- •The US dollar weakened from an 18-month high as traders awaited further signals on interest rates and inflation.
Key Questions Answered
Oil prices increased due to a flare-up of attacks in the Middle East that heightened uncertainty over the recovery of Persian Gulf energy flows.
Gold held its two-day decline after a US Federal Reserve official signaled that one more interest-rate hike might be needed this year.
The US dollar languished and weakened slightly, with the dollar index edging down 0.02% to 102.17 as traders awaited fresh interest rate hike signals.
