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عين ليبيا
Oil and gold climb amid tensions and lower inflation forecasts
Oil and gold prices continued to rise during Friday’s trading sessions, supported by market concerns over the potential impact of restrictions on shipping through the Strait of Hormuz and expectations that reduce the likelihood of rising inflation and the need for higher interest rates. Brent crude prices increased to $83.34 per barrel, while West Texas Intermediate futures rose to $77.81, despite heading for an almost 8% weekly loss due to market volatility and possible conflicts. In the metals market, gold recorded its best weekly gains since January 2026, boosted by falling energy prices and lowered inflation expectations, especially with hints of revenues from the Middle East conflicts and reports indicating a reduction in inflationary pressures driven by falling oil prices.
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