On Tuesday, gold prices remained near $4,400 per ounce as weaker U.S. economic data reduced expectations for further Federal Reserve rate hikes, while heightened tensions in the Middle East boosted demand for bullion despite rising Treasury yields.
Oil prices increased marginally in Asian trade on Tuesday, keeping close to recent highs, as the United States and Iran remained at odds over the Strait of Hormuz and made little progress toward a peace agreement.
📆 Tuesday18/08/2026
According to Bloomberg, US President Donald Trump has expressed little interest in renewing the expired agreement with Iran.
According to Reuters, Israel has resumed bombings on Lebanon in recent days after cutting back its attacks earlier this month.
Gold prices gained on Monday as investors weighed poor US economic data against renewed energy-market uncertainties, with the Federal Reserve's July meeting minutes anticipated later this week providing further hints on the course of interest rates. Gold opened the new week about 1% higher than the previous week, with the latest US data helping to alleviate concerns about an impending rate hike.