Day: May 13, 2026

Gold Dips as Oil Prices Rise

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

Read More

Australia Commits to France-UK Led Mission in Hormuz

Sydney: Australia will join a “strictly defensive” mission led by France and Britain to secure shipping through the Strait of Hormuz, Defence Minister Richard Marles announced. The initiative aims to ensure the safety and security of international tra…

Read More