
Gold Slumps to Multi-Month Low as Crude Rally Fuels Rate Worries
Surging oil prices and Strait of Hormuz supply tensions trigger fears of prolonged central bank tightening, eroding bullion demand.
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Surging oil prices and Strait of Hormuz supply tensions trigger fears of prolonged central bank tightening, eroding bullion demand.

Benchmark indices face headwinds from rising crude prices despite early technical recovery following three consecutive days of losses.

Weekly unemployment claims hover near historical lows from the late 1960s, reflecting employer reluctance to cut staff.

Market data points to historical patterns that may reassure investors facing sector volatility.

E-commerce platform Shopify attracts heightened interest across major financial trading platforms.

Technical indicator nears confirmation weeks after bitcoin charted a similar bullish pattern.

Traders watch key technical support as major cryptocurrencies test potential price floors.