Gold Price Rises, Oil Price Falls After Iran-US Conflict Ends

Kathmandu. The prices of both gold and oil have returned to their old paths. The price of gold started to rise with the announcement of the end of the Iran-US war, while the price of crude oil has fallen. 

On Wednesday, the price of both commodities in the world market had seen a U-turn after the US attacked Iran, claiming that Iran had shot down a US aircraft. Accordingly, the price of gold had fallen sharply, while the price of crude oil had increased. 

However, after US President Donald Trump expressed that the war between the two countries has ended, the price of gold has started to rise. Until this news was prepared, the price of gold had increased by 1.92 percent to 4,177 US dollars per ounce. This price was below 41 hundred on Thursday. 

Similarly, the price of silver has increased by 3.35 percent to 66.07 US dollars. 

On the other hand, the price of WTI crude oil has fallen by 1.56 percent to 86 dollars per barrel. The price of Brent crude oil has also fallen by 1.74 percent to 88.81 dollars.