World Business NewsGold steady as markets focus on potential US-Iran peace deal
Spot gold up 0.1% at $4,692.45 per ounce; US futures for June rise 0.2% to $4,701; Spot silver rises 0.3% to $77.52, platinum down 0.4% at $2,054.95, palladium gains 0.1% to $1,538.22
May 7, 2026
World Business NewsDollar on defensive as markets hope for best on Middle East
Dollar dipping in Asia, euro benefits from oil pullback; Markets await more clarity on US-Iran talks; Yen underpinned by risk of Japanese intervention
May 7, 2026
World Business NewsOil falls below $100 a barrel on Middle East peace hopes
Brent crude futures fall $2.50, or 2.5%, to $98.77; US WTI drops $2.47, or 2.6%, to $92.61 a barrel
May 7, 2026
World Business NewsAsia’s AI boom shows no signs of slowing
Benchmark Nikkei 225 Index soared nearly 6%, lifting broader Asian gauges to record highs after robust earnings from tech firms fuelled the AI momentum
May 7, 2026
World Business NewsAsian stocks hit record high, dollar wobbles on peace deal hopes
Japan's Nikkei catches up on AI rally, surges to a record
May 7, 2026
World Business NewsGold jumps over 2% as Middle East peace hopes send oil, dollar lower
Spot gold rises 2.4% to $4,667.39 an ounce, silver jumps 4.2%, while platinum and palladium gain over 2% each
May 6, 2026
World Business NewsDollar eases as US-Iran deal hopes grow, yen firms on intervention speculation
Yen rises nearly 2% to 155 per dollar, strongest since February 24, euro climbs 0.4% to $1.1740, sterling gains 0.4% to $1.3594, Australian dollar hits four-year high of $0.7250, New Zealand dollar rises over 1% to $0.5951 and dollar index falls 0.3% to 98.026
May 6, 2026
World Business NewsAsian equity markets hit records on AI euphoria, yen surges again
KOSPI clears 7,000 mark as Samsung joins the $1 trillion club; MSCI All-Country World Index sets fresh all-time high; Yen surges to 155 against the dollar as intervention talk swirls
May 6, 2026
World Business NewsOil prices down over 9% after Pakistani source says US and Iran are close to framework peace deal
Brent crude futures fall $10.07, or 9.2%, to $99.80; WTI losses $10.79, or 10.6%, to $91.48 a barrel
May 6, 2026
World Business NewsSouth Korea’s KOSPI tops 7,000 for first time as Samsung Electronics joins $1 trillion club
KOSPI index rises 76% so far this year, after 76% jump in 2025; gains underscore how global demand for AI hardware has become dominant force reshaping equity markets
May 6, 2026
TechSamsung Electronics joins $1 trillion club as artificial intelligence stock rally lifts shares
AI-driven rally pushes Samsung market value above $1 trillion, making it second Asian company after Taiwan Semiconductor Manufacturing Company to cross milestone
May 6, 2026
World Business NewsSaudi Arabia cuts Arab Light crude price for Asia from record levels
New official selling price for Arab Light crude set at $15.50/barrel above Oman/Dubai average for June delivery, down from $19.50 a barrel last month
May 6, 2026