New York, Jan 29, 2026 (AFP) - Oil jumps on Trump's Iran threat; gold retreats from highs

NAMPA / AFP

2026-01-29

Oil prices surged Thursday after US President Donald Trump ramped up geopolitical tensions with threats of a military strike on Iran, while safe-haven gold fell back after hitting a fresh record near $5,600. "With the Middle East tinder box looking set to ignite again, oil prices have moved sharply higher, lifting shares in listed energy giants," said Susannah Streeter, chief investment strategist at Wealth Club. Global stocks were mixed as marke......

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