Tensions in the Middle East showed some tentative signs of calming.
Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming.
Biden and Israel also said they had evidence that the blast at a hospital in Gaza Wednesday wasn’t caused by an Israeli strike. Nevertheless, protests erupted in Jordan, Turkey, and Iran against Israel. Gold was down 0.4% at $1961.30 an ounce. It’s still up more than 4% over the past week and is 20% higher than this time last year. Prices are near their highest since August. Gold has outperformed the S&P 500 on an annual return basis.
West Texas Intermediate, the U.S. oil standard, was 1.4% lower at $87.09 a barrel. Brent crude, the international benchmark, fell 1.6% to $90.03 a barrel.
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