Times of Pakistan

Gold dips as oil prices rise

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Muhammad Irfan Published May 13, 2026 | 06:00 AM

Gold dips as oil prices rise

CAPITALS, (UrduPoint / Pakistan Point News / WAM - 13th May, 2026) Gold prices were ⁠under pressure on Tuesday as oil prices went higher.

Spot gold fell 1% to $4,685.99 per ounce. US gold futures for ⁠June delivery lost 0.7% to $4,693.90.

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Spot silver fell ⁠2.4% to $84.06 after hitting a two-month high earlier.

International benchmark Brent crude futures for July gained 3.4% to close at $107.77 a barrel. US West Texas Intermediate futures for June rose 4.2% to settle at $102.18 per barrel.

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