Oil prices rise as Middle East conflict intensifies; gold prices mixed

International oil prices rose as fighting intensified again in the Middle East. Reports emerged that some negotiations had reached an impasse. As a result, energy-related markets came under upward pressure.

Gold prices fluctuated amid the dollar’s strength and higher oil prices. At some points, gold prices fell. Later, they also showed stability as attention turned to the situation in the Middle East and U.S. economic indicators.

The dollar moved within a narrow range. Investors watched the progress of peace negotiations in the Middle East. Trump said that negotiations were continuing.

Iran indicated that it was considering an agreement to stop the war. At the same time, however, there were scenes of renewed fighting. Negotiations and clashes were observed taking place in parallel.

Market participants watched developments in the Middle East and U.S. economic indicators together. On days when oil prices rose, the energy sector felt the impact. Gold’s movements varied depending on safe-haven demand and dollar trends.

Overall, geopolitical risks in the Middle East pushed up energy prices, while the dollar and gold responded to different factors. Whether negotiations make progress is likely to determine the direction of prices going forward. Participants watched related announcements and the data schedule.