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Gold heads for a weekly loss as surging oil prices raise inflation fears, push Treasury yields higher and strengthen the dollar globally.

Gold edged higher as a weaker U.S. dollar supported bullion, while firm oil prices and sticky inflation kept gains capped in global trade.

Gold prices traded in a volatile range ahead of US inflation data as investors weighed oil, rates and Middle East tensions in global markets.

U.S. oil prices rose after renewed U.S.-Iran fighting near the Strait of Hormuz revived supply worries and ended a three-session slide.

Gold steadied near a one-week high while silver slipped, as a weaker dollar, lower yields and softer oil supported bullion in early trade.

U.S. gas prices rose above $4.45 a gallon before summer travel, as tighter gasoline supplies and stronger demand lifted pump costs nationwide.

Global gold demand rose 2% in Q1 as bar and coin investment and central bank buying offset weaker jewellery demand, new WGC data showed.

Oil prices held near recent highs while gold stayed steady, with supply disruption and Fed policy expectations driving commodity markets.

Microsoft and OpenAI changed their partnership, making model licensing non-exclusive and allowing broader cloud distribution through 2032.

Oil prices hit a two-week high after stalled U.S.-Iran talks and reduced Strait of Hormuz traffic tightened global crude supply for buyers.