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Moneycontrol

Oil and gold climb as Middle East tensions rise and the dollar weakens

AI Market Summary
Crude and gold rallied as Middle East escalation risk increased, raising perceived odds of supply disruption and keeping Hormuz shipping uncertainty in focus. Brent and WTI posted fresh multiweek highs, while gold extended a third session of gains as a weaker dollar and reduced near-term Fed hike expectations supported safe-haven demand. Cross-asset sentiment remains fragile, with geopolitics driving risk premia in energy and precious metals.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+3.40%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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Crude oil and gold prices rose amid heightened Middle East tensions and a softer U.S. dollar. After Israel attacked Iran on February 28, Brent crude futures climbed to $91.14 and WTI hit $85.37, both recent highs. Gold extended gains for a third straight day, with spot gold at $4,424.28, while silver added 0.3%.
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