Oil Prices Rise Amid US-Iran Tensions; Gold Remains Stable

Apr 29, 2026

39 min

Apr 29, 2026 04:31

Oil prices continue upward trend, gold holds steady

## Oil Market Trends

Oil prices continued their upward trajectory on April 29, 2026, driven by ongoing tensions between the US and Iran, which have impacted the global supply chain. Brent crude futures for June delivery increased by $0.52 to $111.78 per barrel, while July contracts rose to $104.84. Similarly, US West Texas Intermediate crude for June delivery climbed by $0.57 to reach $100.50 per barrel.

## Gold and Other Precious Metals

In contrast, gold prices remained relatively stable with a slight increase of 0.1% in spot trading, reaching $4,597.07 per ounce. US gold futures for June delivery held steady at $4,610.20. Among other precious metals, silver saw a rise of 0.8% to $73.64 per ounce, whereas platinum and palladium experienced declines of 0.4%, falling to $1,930 and $1,453.91, respectively.

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