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Oil Rises and Gold Falls Amid Rising Tensions and Inflation Fears

October 30, 2026اقتصاد – الشروق أونلاينechoroukonline.com
Oil Rises and Gold Falls Amid Rising Tensions and Inflation Fears

Oil and gold prices showed mixed movements on Friday, with crude rising towards a fourth consecutive month of gains, driven by fears of escalating conflict between the United States and Iran and the potential disruption of supplies through the Strait of Hormuz, while gold fell to its lowest levels since mid-July, affected by rising energy prices and increasing expectations of U.S. interest rate hikes. Brent crude futures for December, which expire today, rose by $2.27, or 1.98%, to $117.15 per barrel, while the more actively traded January contract increased to $112.99. U.S. West Texas Intermediate futures also rose by $1.79, or 1.75%.

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