News

Silver Price Forecast: XAG/USD bulls await breakout through trend-line hurdle near $57.25

Silver (XAG/USD) sticks to its modest intraday gains during the early European session on Monday and currently trades just below the $57.00 mark, up over 1.50% for the day.

Source  Fxstreet1784533654
WTI Oil climbs to fresh one-month highs near $84.00 as Iran’s War escalates

Oil prices jumped on Monday as US and Iran hostilities escalated, threatening an all-out war, which keeps the Strait of Hormuz closed for sea traffic.

Source  Fxstreet1784531397
Oil: Disruptions lift prices and speculative longs – ING

ING analysts Warren Patterson and Ewa Manthey note that Brent Oil has broken above US$90 as escalating conflict in the Persian Gulf and potential chokepoint closures disrupt vessel flows.

Source  Fxstreet1784528981
WTI Price Forecast: Bulls retain control near one-month high, around $83.50 on Iran risks

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and touches a fresh high since June 12, around the $84.40-$84.45 region, during the Asian session.

Source  Fxstreet1784522647
Gold extends fragile recovery from monthly low on soft USD; upside seems limited

Gold (XAU/USD) reverses a modest Asian session dip to the $3,983-$3,982 area and is now looking to build on Friday's bounce from the monthly low. The intraday uptick is sponsored by a softer US Dollar (USD), which tends to benefit the commodity.

Source  Fxstreet1784520992
Crude Oil Price Forecast: Worsening US-Iran Tensions Support Oil Prices Breaking Above $90, Can Brent Crude Return to $100?

TradingKey - As of the Asian session on July 20, Brent crude ( UKOIL) opened higher and moved higher today, attempting to break through the $90 mark during intraday trading, reaching a high of $91.42.

Source  Tradingkey1784519220
US-Iran Tensions Worsen: Brent Crude Breaks $90, WTI Crude Tops $84

TradingKey - As of the early Asian session on July 20, international oil prices opened significantly higher, with WTI crude ( USOIL) rising 2.21%, peaking at $84.60; Brent crude ( UKOIL) rising 2.27%,

Source  Tradingkey1784512449
Gold falls toward $4,000 as US-Iran hostilities boosts Fed rate hike bets

Gold price (XAU/USD) falls to around $4,000 during the early Asian trading hours on Monday. The precious metal hovers around the psychological level in recent weeks after losing 14% in the second quarter (Q2), its worst showing since 2013.

Source  Fxstreet1784507431
Silver Price Forecast: XAG hits fresh YTD low, bears eye $54 breakdown

Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77.

Source  Fxstreet1784324410
Gold climbs as Iran war premium revives Fed hike risk

Gold edges higher by some 0.92% on Friday as the US-Iran conflict boosted energy prices, which ultimately drive inflation higher, increasing expectations that the Federal Reserve (Fed) might need to raise interest rates.

Source  Fxstreet1784312377

United States Baker Hughes US Oil Rig Count above forecasts (446): Actual (452)

Source  Fxstreet1784310237
WTI Oil rallies above $81 as Middle East tensions threaten global Oil supplies

West Texas Intermediate (WTI) trades around $81.10 at the time of writing on Friday, up 2.76% on the day, and is heading for a weekly gain of more than 13% as geopolitical tensions in the Middle East continue to escalate.

Source  Fxstreet1784305030
Brent: Oil risks rise on Bab al-Mandab threat – Commerzbank

Commerzbank’s commodity team highlights renewed geopolitical risks for Oil as Iran again threatens to block the Strait of Bab al-Mandab, a key route for Saudi exports rerouted from the Strait of Hormuz.

Source  Fxstreet1784300291
Gold: Rally stalls as Fed outlook stays hawkish – Commerzbank

Thu Lan Nguyen at Commerzbank notes that weaker United States (US inflation data briefly supported Gold, but the price has slipped back below USD 4,000 per troy ounce.

Source  Fxstreet1784298170
US-Iran Conflict Escalates, International Oil Prices Surge Over 3%: WTI Crude Breaks $81, Strait of Hormuz Shipping Blocked

Tradingkey - On July 17, Eastern Time, the US-Iran conflict continued to escalate, with the two major crude oil futures rising again, returning to mid-June price levels. As of press time, WTI crude oi

Source  Tradingkey1784297961
European gas: Prices stay elevated as supply tightens – Commerzbank

Norman Liebke at Commerzbank expects European gas prices to remain high in the near term, even if the Strait of Hormuz reopens sustainably.

Source  Fxstreet1784292067
Gold steadies below $4,000 as hawkish Fed outlook caps recovery

Gold (XAU/USD) holds firm on Friday but lacks bullish momentum as rising Oil prices revive inflation concerns and reinforce expectations that the Federal Reserve (Fed) could raise interest rates later this year.

Source  Fxstreet1784289083
Gold Price Forecast: XAU/USD hovers below $4,000 with the YTD low at hand

Gold (XAU/USD) shows moderate gains on Friday, but remains close to the year-to-date lows, at the $3,940 area, with upside attempts capped below the $4,000 psychological level for now.

Source  Fxstreet1784285994
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $55.44 per troy ounce, down 0.17% from the $55.53 it cost on Thursday.

Source  Fxstreet1784284082
Silver price on track for weekly decline as Middle East tensions fuel rate-hike worries

Silver (XAG/USD) trades around $55.50 at the time of writing on Friday, virtually unchanged on the day, but remains on track to post a weekly loss of nearly 7%.

Source  Fxstreet1784280365
WTI Price Forecast: Consolidates near $79.00 before the next leg up amid bullish setup

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its sideways consolidative price moves for the fourth straight day and trades around the $79.00 mark through the first half of the European session on Friday.

Source  Fxstreet1784278713
Oil: Higher Brent supports inflation concerns – Deutsche Bank

Deutsche Bank’s Early Morning Reid notes Brent Oil trading around $85 per barrel, with prices slightly higher at $85.12/bbl and on course for a first close above $85 in over a month.

Source  Fxstreet1784275905
$55: New YTD low for Silver price

Silver price (XAG/USD) is down 0.8% to near $55.00 during the early European trading session on Friday. The white metal posted a fresh Year-To-Date (YTD) low at $54.77 earlier in the day.

Source  Fxstreet1784268457
WTI price edges higher to near $79.00 as US-Iran war escalation threatens oil flows

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 during the early European trading hours on Friday. The WTI heads for its biggest weekly advance since April as rising tensions in the Middle East raise fears of oil supply disruption. 

Source  Fxstreet1784266581
Iran’s IRGC says no oil or gas will be exported through Hormuz as long as US attacks continue

The Iranian Islamic Revolutionary Guards Corps (IRGC) said that no oil or gas will be exported through the Strait of Hormuz as long as US attacks continue, Tasnim news agency reported on Friday.

Source  Fxstreet1784262778
Gold recovers from monthly low; hawkish Fed outlook and firm USD to limit gains

Gold (XAU/USD) attracts some buyers during the Asian session on Friday, reversing a part of the previous day's losses back closer to the monthly low. Any meaningful recovery, however, seems elusive amid a bearish fundamental backdrop.

Source  Fxstreet1784261737
WTI extends range play around $79.00; bullish potential intact amid Mideast tensions

West Texas Intermediate (WTI) – the benchmark US crude oil price – edges higher during the Asian session on Friday, though it remains confined within a multi-day-old range.

Source  Fxstreet1784252750
Iran tells Houthis to close Red Sea oil route if US hits power network — Reuters

Iran has asked Yemen’s Houthi militia to stand ready to close the Red Sea oil route if the United States (US) strikes Iranian power infrastructure, posing a potent new threat to global energy supplies, Reuters reported on Thursday.

Source  Fxstreet1784245563
Gold tumbles to eight-month low below $4,000 as Middle East tensions reinforce US rate hike bets

Gold price (XAU/USD) falls to near an eight-month low around $3,975 during the early Asian session on Friday. The precious metal extends its downside as rising tensions in the Middle East raise inflation concerns and reinforce expectations of elevated US interest rates.

Source  Fxstreet1784244287
Crude Oil watches the region catch fire and still cannot clear its ceiling

West Texas Intermediate (WTI) Crude Oil is fading about one percent to just below $79.00 after a third consecutive failure at the $80.00 handle, where the 50-day Exponential Moving Average sits just above the figure and refuses to yield.

Source  Fxstreet1784240626
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