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Gold fell 2.3% to its lowest level since May 4 as a stronger dollar and higher Treasury yields pressured bullion and precious metals markets.

Oil prices rose more than 3 percent as Brent and WTI posted strong weekly gains amid tighter inventories and supply disruptions.

Gold heads for a weekly loss as surging oil prices raise inflation fears, push Treasury yields higher and strengthen the dollar globally.

Gold edged higher as a weaker U.S. dollar supported bullion, while firm oil prices and sticky inflation kept gains capped in global trade.

Gold prices traded in a volatile range ahead of US inflation data as investors weighed oil, rates and Middle East tensions in global markets.

U.S. oil prices rose after renewed U.S.-Iran fighting near the Strait of Hormuz revived supply worries and ended a three-session slide.

Global debt hit a record near US$353 trillion in March as U.S. and China borrowing drove the fastest quarterly increase since mid-2025.

Gold steadied near a one-week high while silver slipped, as a weaker dollar, lower yields and softer oil supported bullion in early trade.

U.S. gas prices rose above $4.45 a gallon before summer travel, as tighter gasoline supplies and stronger demand lifted pump costs nationwide.

Global gold demand rose 2% in Q1 as bar and coin investment and central bank buying offset weaker jewellery demand, new WGC data showed.