{"id":74388,"date":"2023-10-19T08:56:13","date_gmt":"2023-10-19T12:56:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/gold-and-oil-prices-fall-after-bidens-trip-to-israel\/"},"modified":"2023-10-19T08:56:16","modified_gmt":"2023-10-19T12:56:16","slug":"gold-and-oil-prices-fall-after-bidens-trip-to-israel","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=74388","title":{"rendered":"Gold and Oil Prices Fall After Biden’s Trip to Israel"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

\n Gold
\n and
\n oil prices
\n were falling early Thursday as tensions in the Middle East showed some tentative signs of calming.<\/p>\n

President Joe Biden returned from his trip to Israel, having reiterated his support for the country after it was attacked by Hamas and after he secured a deal to allow humanitarian aid to the Gaza strip through Egypt.\u00a0<\/p>\n

\n

Biden and Israel also said they had evidence that the blast at a hospital in Gaza Wednesday wasn\u2019t caused by an Israeli strike. Nevertheless, protests erupted in Jordan, Turkey, and Iran against Israel.<\/p>\n

The explosion at the hospital had raised worries that the conflict would spread, potentially directly involving large oil-producing countries such as Iran or Saudi Arabia. Investors had also bought gold as a haven asset.<\/p>\n

Gold was down 0.4% at $1961.30 an ounce. It\u2019s still up more than 4% over the past week and is 20% higher than this time last year. Prices are near their highest since August. Gold has outperformed the
\n S&P 500
\n on an annual return basis.<\/p>\n

Investors tend to buy gold in times of uncertainty because it has a track record going back thousands of years as a good store of value. U.S. government bonds, another typical haven asset, haven\u2019t fared as well recently because of concerns about inflation and the Federal Reserve keeping interest rates higher for longer.<\/p>\n

\n West Texas Intermediate,<\/span>
\n the U.S. oil standard, was 1.4% lower at $87.09 a barrel.
\n Brent crude,<\/span>
\n the international benchmark, fell 1.6% to $90.03 a barrel.<\/p>\n

The situation is still delicate and there\u2019s still a risk of the conflict escalating.
\n Boeing
\n (ticker: BA) is speeding delivery to Israel of kits that convert unguided bombs into precision guided ones, Bloomberg reported Wednesday.<\/p>\n

The conflict could be a catalyst for defense stocks, analysts have argued. Boeing was up 0.3% in premarket trading.
\n Lockheed Martin
\n (LMT) rose 1.1% on Wednesday.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from his trip to Israel, having reiterated his support for the country after it was attacked by Hamas and after he secured a deal to allow humanitarian aid to the Gaza […]<\/p>\n","protected":false},"author":1,"featured_media":71004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-74388","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=74388\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=74388\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T12:56:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T12:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696954706_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74388#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74388\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Gold and Oil Prices Fall After Biden’s Trip to Israel\",\"datePublished\":\"2023-10-19T12:56:13+00:00\",\"dateModified\":\"2023-10-19T12:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74388\"},\"wordCount\":331,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=74388#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74388\",\"url\":\"https:\/\/ifintechworld.com\/?p=74388\",\"name\":\"Gold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-19T12:56:13+00:00\",\"dateModified\":\"2023-10-19T12:56:16+00:00\",\"description\":\"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74388#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=74388\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74388#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold and Oil Prices Fall After Biden’s Trip to Israel\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld","description":"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=74388","og_locale":"en_US","og_type":"article","og_title":"Gold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld","og_description":"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from","og_url":"https:\/\/ifintechworld.com\/?p=74388","og_site_name":"iFintechWorld","article_published_time":"2023-10-19T12:56:13+00:00","article_modified_time":"2023-10-19T12:56:16+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696954706_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=74388#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=74388"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Gold and Oil Prices Fall After Biden’s Trip to Israel","datePublished":"2023-10-19T12:56:13+00:00","dateModified":"2023-10-19T12:56:16+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=74388"},"wordCount":331,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=74388#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=74388","url":"https:\/\/ifintechworld.com\/?p=74388","name":"Gold and Oil Prices Fall After Biden's Trip to Israel | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-19T12:56:13+00:00","dateModified":"2023-10-19T12:56:16+00:00","description":"Gold and oil prices were falling early Thursday as tensions in the Middle East showed some tentative signs of calming. President Joe Biden returned from","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=74388#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=74388"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=74388#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Gold and Oil Prices Fall After Biden’s Trip to Israel"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74388"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74388\/revisions"}],"predecessor-version":[{"id":74389,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74388\/revisions\/74389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/71004"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}