Oil Is Getting More Expensive And Gold Is Getting Cheaper
- 25.06.2025, 8:31
- 2,870
What's happening in the markets after the Israel-Iran truce?
Gold prices fell and oil rose after the biggest two-day decline since 2022 amid a ceasefire between Iran and Israel.
It was reported by Bloomberg.
Brent crude oil rose in price by about 1% to nearly $68 a barrel. This came after a 13% drop in value over the past two days. And the West Texas Intermediate grade exceeded the $65 threshold.
"After the two-day drop, a slight correction in crude oil prices should be expected. While the market will keep an eye on the fragile truce (between Iran and Israel, - Ed.) for a while, attention will shift back to the economic situation, the fate of the US tariff talks and OPEC+," explained Vanda Insights founder Vandana Hari.
In contrast, gold fell 1.3% to $3,325 per ounce. According to the publication, geopolitical uncertainty along with trade tensions have driven the price up 27% in 2025. A record of $3,500 an ounce was set in April.
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