News

Brent: Hormuz security risks support prices – BNY

Geoff Yu reports that a Qatari LNG carrier was struck near the Strait of Hormuz, reviving security concerns and lifting European gas prices and Brent, WTI, Omani and Dubai crude benchmarks.

Source  Fxstreet1783424563
Gold stalls recovery as Fed uncertainty keeps buyers cautious

Gold (XAU/USD) stalls its recovery and trades on the back foot for a second consecutive day as a steady US Dollar (USD) and doubts over the Federal Reserve's (Fed) interest rate path keep the upside in check.

Source  Fxstreet1783424130
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.95 per troy ounce, down 1.79% from the $62.06 it cost on Monday.

Source  Fxstreet1783416747
China turns out Gold buyer again

According to data from the People's Bank of China (PBoC), world’s second-largest economy China increases its Gold reserves again.

Source  Fxstreet1783415033
WTI Price Forecast: More downside is likely if Oil falls below $67

West Texas Intermediate (WTI), futures on NYMEX, trades 1% higher to near $69.40 during the European trading session on Tuesday.

Source  Fxstreet1783414543
Gold declines as reviving inflation fears outweigh receding Fed rate hike bets and soft USD

Gold (XAU/USD) attracts sellers for the second straight day and drops to the $4,125-$4,124 region during the Asian session on Tuesday. Crude oil prices edge higher amid renewed tensions in the Strait of Hormuz, reviving inflationary concerns.

Source  Fxstreet1783399524
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1783398913
Silver Price Forecast: XAG/USD corrects further to near $61 as oil prices attract bids

Silver price (XAG/USD) is down 1.35% to near $61.00 during the Asian trading session on Tuesday.

Source  Fxstreet1783397044
WTI rises above $69.00 as Iran strikes commercial vessels in Hormuz

West Texas Intermediate (WTI) oil price gains ground after registering modest losses in the previous day, trading around $69.20 per barrel during the Asian hours on Tuesday. Crude oil prices receive a temporary boost following renewed geopolitical tensions in the Strait of Hormuz.

Source  Fxstreet1783391098
Iran strikes commercial ships in the Strait of Hormuz

Bloomberg carried a story by an Axios reporter late Monday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz.  

Source  Fxstreet1783389519
Gold slips as firm US yields cap post-NFP rebound

Gold (XAU/USD) price retreats by some 0.50% on Monday as the Greenback remains steady despite traders repricing a less hawkish Federal Reserve (Fed) following last Thursday’s softer-than-expected jobs report. The XAU/USD pair trades at $4,153, down 0.50%.

Source  Fxstreet1783363392
Crude Oil runs out of war and out of buyers

West Texas Intermediate (WTI) has spent three weeks handing back what the war spent three months building, and the tape now reads as though February never ended.

Source  Fxstreet1783361306
Oil Market Shift Amid U.S.-Iran Conflict Reversal: OPEC+’s Difficult Balance From Supply Shortage to Potential Surplus

TradingKey - As the temporary ceasefire agreement between the US and Iran takes effect and shipping through the Strait of Hormuz gradually resumes, the global crude oil market is undergoing a dramatic

Source  Tradingkey1783344371
Oil: Supply normalization pressures prices – BNY

BNY’s Geoff Yu notes that OPEC+ has ratified another production quota increase, extending gradual supply normalization and adding pressure on Brent and WTI.

Source  Fxstreet1783344261
Gold edges lower as firmer US Dollar caps recovery

Gold (XAU/USD) edges lower on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week's rebound from a more than seven-month low of $3,941.

Source  Fxstreet1783337412
WTI Oil falls as oversupply concerns outweigh recent rebound

West Texas Intermediate (WTI) US Oil trades around $68.30 at the time of writing on Monday, down 0.64% on the day, as investors continue to assess the global supply outlook following the latest production decisions by the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

Source  Fxstreet1783335204
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $62.02 per troy ounce, down 0.64% from the $62.42 it cost on Friday.

Source  Fxstreet1783330256
Oil: Supply rebound and glut concerns – Commerzbank

Commerzbank’s Dr. Henry Hao and Charlie Lay highlight a structural shift in Oil as a US–Iran interim peace deal boosts crude supply and restores shipping through the Strait of Hormuz. Seven OPEC+ members will lift output again in August, raising fears of a global crude glut.

Source  Fxstreet1783328980
Silver Price Forecast: XAG/USD holds losses below $62.50 on Fed hike bets

Silver price (XAG/USD) halts its four-day winning streak, trading around $62.30 per troy ounce during the European hours on Monday. The white metal edges lower as market expectations solidify around a Federal Reserve (Fed) interest rate hike later this year.

Source  Fxstreet1783324733
Analysts agree: Oil prices likely to fall further even after returning to pre-war levels

Brent Crude Oil trade flat near $71.90 during the European trading session on Monday.

Source  Fxstreet1783323664
Oil: Diverging market paths under geopolitical camps – Rabobank

Rabobank’s Senior Market Strategist Benjamin Picton highlights that Brent has turned lower as OPEC+ eases production cuts and tanker flows through the Strait of Hormuz resume, but stresses that shipping risks remain crucial for Oil prices.

Source  Fxstreet1783322595
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1783312509
Silver Price Forecast: XAG/USD corrects to near $62, increasing bearish bets on oil prices limit downside

Silver price (XAG/USD) is down 1% to near $61.80 during the Asian trading session on Monday. The white metal falls back after rising for four straight trading days.

Source  Fxstreet1783310887
Gold struggles to find acceptance above $4,200; eases from two-week high amid USD uptick

Gold (XAU/USD) struggles to capitalize on its modest Asian session uptick and trades below a fresh two-week high, levels just above the $4,200 mark, touched this Monday.

Source  Fxstreet1783309328
WTI rises to near $69.00 despite OPEC+ hikes, Hormuz flows

West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $69.00 per barrel during the Asian hours on Monday.

Source  Fxstreet1783307075
OPEC+ agrees on raising output targets, starting in August

 The Organization of Petroleum Exporting Countries and its allies (OPEC+), including Russia, agreed to raise their output targets by 188,000 barrels a day starting in August.

Source  Fxstreet1783303532
Iran confirms Strait of Hormuz service fees, rejects third-part intervention

Speaking at the World Peace Forum in Beijing on Saturday, Iran’s ambassador to China, Abdolreza Rahmani Fazli, said that Tehran is considering introducing new service fees for ships passing through the Strait of Hormuz, while promising “special" treatment for countries that supported Iran during the

Source  Fxstreet1783302918
Silver Price Forecast: Reclaims $60 as RSI recovery targets $65 breakout

Silver prices reclaim the $60.00 mark for the second straight day and extend their weekly gains to over 5.50%, trading at $62.42 amid broader US Dollar weakness that is pushing the white metal to an eight-day high of $62.89.

Source  Fxstreet1783103619
Gold price climbs as weak NFP cool Fed hike bets

Gold (XAU/USD) price rises by more than 1% on Friday as investors digest a softer-than-expected US jobs report, trimming hawkish bets despite higher inflation. At the time of writing, the XAU/USD pair trades at $4,174, after bouncing off daily lows of $4,121.

Source  Fxstreet1783103069
Copper: Tariff risks and Chile supply strain – Commerzbank

Commerzbank analyst Norman Liebke reports that the Copper market is focused on a potential 15% US import tariff on refined Copper, which could temporarily boost US demand and prices if implemented in 2027.

Source  Fxstreet1783100820
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