en.Wedoany.com Reported - On June 10, 2026, driven by heightened geopolitical tensions in the Middle East and stronger-than-expected U.S. inflation data, international crude oil futures prices surged. New York light crude oil futures closed at $90.03 per barrel, up 2.07%; London Brent crude oil futures closed at $93.10 per barrel, up 1.8%. On the same day, international gold prices fell below the $4,100 per ounce mark, with both gold futures and spot prices declining simultaneously.
On that day, the U.S. once again issued a tough stance against Iran, triggering concerns in international markets over intensified conflicts in the Middle East and a renewed tightening of global oil supply. Light crude oil futures for July delivery on the New York Mercantile Exchange rose by $1.83, briefly surging 4% in after-hours trading before fluctuating around $93 per barrel. London Brent crude oil futures for August delivery rose by $1.65. Analysts noted that as a key global oil-producing region, any escalation in the Middle East situation would quickly transmit to the crude oil futures market, driving up risk premiums.
Regarding the decline in gold prices, data released by the U.S. Department of Labor on the same day showed that the U.S. Consumer Price Index (CPI) rose 4.2% year-on-year in May, higher than the 3.8% in April, marking the highest level since May 2023. This data exceeded market expectations, sparking speculation among investors that the Federal Reserve would maintain a tight monetary policy. Expectations of a stronger U.S. dollar weighed on dollar-denominated gold assets, pushing gold prices below the key support level of $4,100 per ounce.
From a market linkage perspective, the opposite movements in oil and gold prices on the same day reflect the different impact pathways of inflation data on these two assets: crude oil benefited from supply-side geopolitical risk premiums, while gold came under pressure from expectations of monetary policy tightening. The sharp fluctuations in oil and gold prices once again highlight the short-term dominant role of macroeconomic data and geopolitical events in international commodity markets.
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