Wednesday, August 19, 2026
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Gold soars towards $5,600 as Trump rattles sabre over Iran

Gold prices soared to a fresh record near $5,600 Thursday, while oil rallied after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

Oil prices soar, stocks slide after Israel strikes Iran

Oil futures rocketed more than 13 percent at one point, reaching the highest levels since January and reigniting worries about a renewed spike to inflation.

Dollar soars, bitcoin hits record, stocks swing as Trump win seen

The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the White House, ramping up bets on fresh tax cuts, tariffs and rising inflation.