Thursday, October 23, 2025

Latest

Gold Hits New Highs, Oil Soars On Reports of Trouble In Middle East

The spot price of gold is currently soaring to new highs as a result of reports related to the ongoing situation in the Middle East between the United States and Iran within Iraq. Recent reports published by Fox News and ZeroHedge have indicated that Iranian missiles have attacked multiple locations of US forces in the region.

Gold has neared the US$1,600 per ounce mark, topping out at $1,598.25 at the time of writing as a result of the current reports flooding in across social media and news agencies of the attacks.

Crude oil has also begun to soar as a result of the unfolding events, with the futures for the WTI (USOIL) climbing 4.23% at the time of writing to $65.31 from the days low of $62.67. Oil hit a high of $65.44 before selling off marginally to current levels.

Meanwhile the S&P 500 index has tumbled as a result of the reports. After opening at $3,233 on the hour, the index fell as far as $3,197 following the news.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Northern Vertex To Become Elevation Gold, Consolidate Shares As Of Friday

Northern Vertex Mining (TSXV: NEE) last night after the bell provided the effective date for...

Wednesday, September 22, 2021, 07:51:21 AM

Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd

Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district....

Thursday, August 6, 2020, 09:47:01 AM

373 g/t Gold: Highest Surface Grab Sample Ever Reported in Red Lake? | Koby Kushner – Athena Gold

In this interview from the Red Cloud 2025 Mining Conference, Athena Gold Corp. (TSXV: ATHA)...
Wednesday, March 5, 2025, 03:38:00 PM

Gold Hits New High Of $2,146, Bitcoin And Silver Join The Rally

The price of gold continued its tear this evening, opening the futures market at $2,071,...

Sunday, December 3, 2023, 06:52:40 PM

Kirkland Lake Gold: BMO Reiterates Price Target After Massive Resource Improvement

On September 2, Kirkland Lake Gold Ltd. (TSX: KL) announced that their measured and indicated...

Tuesday, September 7, 2021, 10:48:00 AM