The Canadian Index

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Line chart comparing WTI crude oil and gold spot prices from June 22 to July 20, 2026.

WTI crude has climbed 2.1% to $83.48 as the conflict's confirmed U.S. death toll reached 17 over the weekend, yet gold has stayed comparatively flat. The divergence illustrates the availability heuristic, the tendency for the most vivid recent information, in this case oil price headlines, to dominate market judgment ahead of its actual evidentiary weight, a concept from behavioural economists Daniel Kahneman and Amos Tversky. Gold's muted reaction suggests investors are not treating the weekend's news as a lasting shift.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Line chart comparing indexed gold and Brent crude prices as the two assets diverge then reverse in early August 2026.

Gold rose 7.2% last week to a record close near $4,400 while Brent crude fell 7.3% as traders bet a Hormuz shipping deal was close.

Gold's Record Week Made the Story Feel Settled. Monday Already Disagrees.

August 10, 2026

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Line chart tracking gold's spot price from August 17 to 31, 2026, showing a 15-week high on August 24 followed by a 5.3 percent decline to $4,454.53.

Gold fell to $4,454.53, down 5.3% from its August 24 high, after a hawkish Jackson Hole speech from Fed Chair Kevin Warsh unwound three weeks of gains built on debt-debasement flows.

Gold's Quiet Climb to a 15-Week High Hid the Risk That Just Came Back

August 31, 2026

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Dual axis chart comparing WTI crude oil and gold prices moving in opposite directions the same week.

Iran rejected Oman's proposal for joint oversight of the Strait of Hormuz on July 29, leaving the dispute unresolved even as vessel traffic…

Oil Fell 9.5% This Week. Gold Rose Through $4,100. Same Headline Did Both.

July 31, 2026

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Line chart showing the spot price of gold falling 2.07 percent on July 24, 2026 as oil prices surged.

Gold's drop came even as Brent crude crossed $100 a barrel for the first time since May, after Houthi forces struck two Saudi oil tankers in the Red Sea.

Record High, Sharp Reversal: A Lesson in Loss Aversion

July 24, 2026

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Line chart comparing WTI crude oil, up 24 percent, against a barely moved VIX volatility index over three weeks.

WTI crude has risen 24 per cent over three weeks as the Hormuz conflict widened, while the VIX volatility index gained only about 11 per…

Oil Has Risen 24 Per Cent in Three Weeks and the Fear Gauge Barely Moved

September 15, 2026

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Line chart showing WTI crude oil rising 10.6 percent from July 7 to August 7, 2026, with a sharp mid-week reversal.

Crude oil fell sharply in early August as reports of a preliminary Iran-Oman agreement on Strait of Hormuz shipping circulated, then…

WTI Swung More Than 10% in a Week on Headlines the Availability Heuristic Explains

August 7, 2026

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