Gold Eases as US Plan to Blockade Hormuz Raises Inflation Risks

Gold edged down amid mounting inflation concerns after US President Donald Trump’s order to blockade the Strait of Hormuz deepened the global energy-supply shock. Bullion fell as much as 2.2% to trade below $4,650 an ounce before retracing much of the loss. Trump said...

Oil Posts Biggest Weekly Loss Since 2020 Ahead of Iran-US Talks

Oil edged lower in relatively light trading before highly-anticipated talks between Iran and the US, negotiations that will dictate the path ahead for their fragile truce. West Texas Intermediate fell 1.3% to settle below $97 a barrel, with futures down about 13.4%...

US CPI Surges 0.9% in Largest Monthly Jump Since 2022 on Gas

US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing. The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it was up 3.3%, the strongest pace since 2024. A...

Pawn Shop Loans Spike as High Gas Prices Weigh on Americans

Pawn shop owners across the US say they’ve seen an increase in demand for loans in the past month or so, a sign of just how punishing higher gas prices are for some Americans. “We’re making a lot more loans,” said Tim Cassidy, the fourth generation in his family to...