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Oil and gold tick up as Trump Xi meet in Beijing amid Iran war risks
Business
Published on 14 May 2026
Gold discounts in India hit a record level
Oil prices rose slightly as investors waited for a Trump-Xi delegation-level meeting in Beijing, with traders tracking escalation risks from the Iran war. Brent and WTI edged higher. Gold climbed alongside a weaker dollar, while U.S. inflation pressures and Middle East uncertainty supported demand—pushing Indian gold discounts to a record.
- Brent and WTI gained slightly ahead of Trump and Xi talks
- Investors remain focused on Iran war escalation risks
- Gold prices rose on a weaker dollar
- Indian gold discounts hit a record amid the move
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This summarization was done by Beige for a story published on 
Republic