News

Silver Price Forecast: XAG downtrend accelerates, eyes on $55.00

Silver price remains below $60.00 as the week begins, and dives nearly 4% on Monday amid tensions in the Middle East, driving inflationary pressures higher.

Source  Fxstreet1783967987
Two Major Crude Oil Futures Surge Nearly 10%: US-Iran Conflict Reignites, WTI Returns to $78, Brent Returns to $83

TradingKey - The two major crude oil futures surged close to 10%. As of press time, WTI crude rose 9.22% to $78.09, while Brent crude rose 9.39% to $83.15.According to reports, the US Navy-led Joint M

Source  Tradingkey1783967859
Gold price crashes as Waller warning sparks Fed hike fears

Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes.

Source  Fxstreet1783964107
Crude Oil finds a toll booth where its ceasefire used to be

Crude Oil is repricing the death of a framework rather than any single missile exchange.

Source  Fxstreet1783960482
Commodities: Forward curves and carry framework – Societe Generale

Societe Generale’s Michael Haigh and Jeremy Sellem note that the commodity complex has been resilient to Middle East tensions, with Oil gains capped and forecasts for prices at $70 by year end unchanged.

Source  Fxstreet1783954491
Trump Claims US Will Take Over Strait of Hormuz: Spot Gold Plunges Over 2%, Set to Fall Below $4,000

TradingKey - On July 13, Eastern Time, spot gold fell over 2%, trading at $4,014 per ounce as of press time. It is reported that U.S. President Trump stated on social media: "We are going to take over

Source  Tradingkey1783953261
Oil: Strait of Hormuz risks reshape macro mix – BNY

BNY's Geoff Yu notes that renewed U.S.-Iran tensions have lifted Brent and WTI, with markets reassessing energy supply risks and broader risk sentiment.

Source  Fxstreet1783946674
Gold Price Forecast: XAU/USD drifts below $4,100, but bears start to look exhausted

Gold (XAU/USD) extends losses on Monday, with price action drifting below the $4,100 line, amid a risk-off market mood, as tensions between the US and Iran flare.

Source  Fxstreet1783943184
Gold declines as renewed US-Iran hostilities boost Oil prices, Fed rate hike bets

Gold (XAU/USD) starts the week on the back foot as renewed tensions in the Middle East lift Oil prices and bring inflation concerns back into focus, reinforcing expectations of a Federal Reserve (Fed) interest rate hike later this year.

Source  Fxstreet1783941126
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $58.72 per troy ounce, down 1.92% from the $59.87 it cost on Friday.

Source  Fxstreet1783935093
Oil: Markets price renewed Hormuz risks – Rabobank

Rabobank strategist Michael Every discusses rising geopolitical risks around the Strait of Hormuz after the apparent collapse of a US-Iran memorandum of understanding. Every notes both sides are now striking each other, with United States (US) strategy shifting to escorted energy flows.

Source  Fxstreet1783934801
WTI Oil holds below $75.00 despite the deteriorating Middle East conflict

Speculative traders seem reluctant to jump on the Crude Oil rally despite the escalating tensions in the Middle East and the closure of the Strait of Hormuz.

Source  Fxstreet1783929614
Brent: Geopolitics lift prices as speculators stay cautious – ING

ING analysts Warren Patterson and Ewa Manthey note that Brent Oil prices have risen sharply as tensions escalate in the Persian Gulf and transit through the Strait of Hormuz slows. They highlight that speculators have trimmed net long positions in ICE Brent despite higher prices.

Source  Fxstreet1783925856
Saudi Arabia Gold price today: Gold falls, according to FXStreet data

Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.

Source  Fxstreet1783919123
WTI Price Forecast: Climbs above $74.00; bearish bias intact below 23.6% Fibo./200-EMA

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on its modest bullish gap opening and climbs above the $74.00 mark during the Asian session on Monday.

Source  Fxstreet1783917389
India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Source  Fxstreet1783917365
US and Iran Exchange Fire Again Over Weekend, WTI Crude Rises Over 4%, Brent Nears $80

TradingKey - On July 12, Eastern Time, military conflicts erupted again between the United States and Iran, significantly heating up tensions in the Middle East. According to the latest reports, a con

Source  Tradingkey1783907281
Gold declines below $4,100 as fresh US-Iran strikes stoke inflation fears

Gold price (XAU/USD) attracts some sellers to near $4,070 during the early Asian trading hours on Monday. The precious metal extends its decline amid escalating tensions between the US and Iran.

Source  Fxstreet1783904718
Silver Price Forecast: Lower high structure holds, bear's eye $55.00

Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.

Source  Fxstreet1783716937
Gold price slips as Trump says Iran ceasefire is over

Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump's comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%.

Source  Fxstreet1783712192

United States Baker Hughes US Oil Rig Count unchanged at 445

Source  Fxstreet1783703311
Crude Oil fades another war spike as the ceasefire dies its daily death

West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours.

Source  Fxstreet1783703000
Silver edges lower despite Middle East tensions as Fed rate hike bets limit recovery

Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day.

Source  Fxstreet1783699662
WTI price holds near $72 as hopes of US-Iran de-escalation weigh on Oil prices

West Texas Intermediate (WTI) trades around $72 at the time of writing on Friday, up 0.42% on the day, but remains in a consolidation phase after reaching a more than two-week high earlier this week.

Source  Fxstreet1783689822
Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities

Silver price (XAG/USD) surrenders its early gains and slides 0.73% to near $59.50 during the European trading session on Friday. The white metal turns negative amid fears that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.

Source  Fxstreet1783683603
Gold heads for weekly loss as Middle East tensions, Fed hike fears cap recovery

Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day's gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and Federal Reserve (Fed) interest rate hikes.

Source  Fxstreet1783683406
Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact

Gold (XAU/USD) nurses minor losses with price action contained within Thursday’s trading range, around the $4,100 level, set for 1.6% weekly depreciation. Precious metals struggled this week as the resumption of hostilities in Iran boosted Oil prices, pressuring central banks to hike interest rates.

Source  Fxstreet1783680641
Gold: Tentative stabilisation on oil relief – OCBC

OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move.

Source  Fxstreet1783677564
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $59.47 per troy ounce, down 0.86% from the $59.98 it cost on Thursday.

Source  Fxstreet1783675841
IEA confirms: Oil demand to rise by 1.2M bpd YoY in Q4

According to the latest forecast from the International Energy Agency (IEA), the global Oil demand will rise by 1.2 million barrels per day (bpd) Year-on-Year (YoY) in the last quarter of this year.

Source  Fxstreet1783672201
goTop
quote