News

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
Oil: Brent retraces gains on fragile ceasefire – Rabobank

Rabobank strategist Molly Schwartz notes that Brent Oil traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran. War insurance costs have risen sharply and shipowners are being advised to pause Hormuz voyages.

Source  Fxstreet1783668336
Silver Price Forecast: XAG/USD rises as oil prices correct, US Dollar faces pressure

Silver price (XAG/USD) trades 0.4% higher to near $60.22 during the European trading session on Friday. The white metal gains as the US Dollar (USD) continues to remain under pressure amid hopes that the restart of the war between the United States (US) and Iran won’t long last.

Source  Fxstreet1783665930
WTI Price Forecast: Retakes $72.00; 23.6% Fibo./200-day EMA holds the key for bulls

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Friday, stalling the previous day's retracement slide from the vicinity of a three-week high.

Source  Fxstreet1783660127
Gold flat lines above $4,100 as weaker USD clashes with Fed hike bets and Iran risks

Gold (XAU/USD) reverses a modest Asian session dip to the $4,109-$4,108 region on Friday, though it lacks bullish conviction. The US Dollar (USD) selling remains unabated for the third consecutive day in the wake of Wednesday's less hawkish FOMC Minutes and offers some support to the commodity.

Source  Fxstreet1783657683
Silver Price Forecast: Rebounds towards $60, but lower-low structure holds

Silver price surged by over 2.70% on Thursday, climbing near $60.00 as US Treasury yields retreated and the US Dollar dove by over 0.12%. At the time of writing, the XAG/USD trades at $59.94, after bouncing off daily lows of $57.59.

Source  Fxstreet1783631248
WTI Price Forecast: Rejection at the 200-day SMA keeps bears in control

West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day's gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day.

Source  Fxstreet1783621466
Gold rebounds above $4,100 as falling Oil weighs on US Dollar

Gold (XAU/USD) price advances during the North American session on Thursday, up over 1.30% as the US Dollar (USD) retreats due to falling Oil prices amid easing tensions in the Middle East. The XAU/USD pair trades at $4,132 after bouncing off weekly lows of around $4,021 hit on Wednesday.

Source  Fxstreet1783621410
European natural gas: Tight storage supports prices – ING

ING’s Warren Patterson notes that European natural gas prices have held up better than Oil as LNG supply recovery has been modest and Middle East flows remain disrupted. Heatwaves have boosted demand, leaving EU storage just above 50%, well below the five-year average.

Source  Fxstreet1783613542
Record: Chinese investors pull $2.22 billion from Gold ETFs in June, the highest monthly outflow ever

Chinese investors sharply trimmed their Gold ETF holdings in June, exacerbating global outflows for the month, as local investor risk appetite continued to improve amid equity market gains and a weaker Gold price, data from the World Gold Council (WGC) shows.

Source  Fxstreet1783608194
Aluminium: Price outlook shifts lower as market rebalances – TD Securities

TD Securities strategists have downgraded its Aluminium price outlook as supply recovers and demand softens. They now expect Aluminium to average $3,378/t in 2026 and $3,281/t in 2027, projecting smaller deficits and a move toward market balance while still ruling out a major rout.

Source  Fxstreet1783599341
Oil: Strait of Hormuz risks keep prices supported – BNY

BNY’s Geoff Yu highlights that Oil is back in focus as shipping through the Strait of Hormuz nears a standstill and ceasefire risks rise. iFlow data show energy equities flows stabilizing after June profit-taking, with valuations and under-ownership becoming more attractive.

Source  Fxstreet1783597484
Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh

Gold (XAU/USD) consolidates modest gains on Thursday, although upside remains limited as renewed hostilities in the Middle East revive concerns over energy-driven inflation and reinforce expectations that the Federal Reserve (Fed) may need to raise interest rates.

Source  Fxstreet1783596795
Gold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower

Gold price (XAU/USD) trades 0.8% higher to near $4,110 during the European trading session on Thursday. The precious metal gains as the US Dollar (USD) is down despite a slight improvement in expectations that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.

Source  Fxstreet1783593362
WTI slips below $74 after recent rally, Middle East tensions limit the downside

West Texas Intermediate (WTI) trades lower on Thursday and hovers around $73.10 at the time of writing, down 1.95% on the day as investors take profits following two consecutive days of strong gains.

Source  Fxstreet1783591265
Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $59.17 per troy ounce, up 1.45% from the $58.32 it cost on Wednesday.

Source  Fxstreet1783589572
Oil: Rising geopolitical risks and Russian diesel ban – ING

ING analysts Warren Patterson and Ewa Manthey note that Oil has extended its rally as renewed US-Iran tensions threaten the fragile ceasefire and disrupt flows through the Strait of Hormuz.

Source  Fxstreet1783582766
Silver Price Forecast: XAG/USD jumps to near $59 as US Dollar declines

Silver price (XAG/USD) is up over 1% to near $59.00 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) faces selling pressure despite multiple tailwinds.

Source  Fxstreet1783580277
Oil: Risk premium returns on Gulf supply concerns – Commerzbank

Commerzbank’s Thu Lan Nguyen argues that recent US policy towards Iran has reversed market expectations of a rapid normalisation in Gulf energy supplies, challenging earlier pricing of an Oil supply glut.

Source  Fxstreet1783577755
WTI Price Forecast: Fails near 23.6% Fibo. amid mixed technical setup; hovers near $74.00

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a two-day rally, reaching an over two-week high touched the previous day, and trades with a negative bias during the Asian session on Thursday.

Source  Fxstreet1783572437
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1783571704
Gold Price Forecast: Trump’s Tough Stance and Hawkish Fed Minutes May Push Gold Below $4,000.

TradingKey - As of the Asian session on July 9, after falling for three consecutive trading days, gold prices ( XAUUSD) remained in a volatile and weak trend today around $4,060. From a technical pers

Source  Tradingkey1783568900
Gold struggles to lure buyers as Hormuz risks and Fed hike bets counter softer USD

Gold (XAU/USD) struggles to capitalize on the previous day's bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday.

Source  Fxstreet1783567917
Iran's Ghalibaf says any US military action will be met with retaliation

Iranian Parliament speaker Mohammad Bagher Ghalibaf warned the United States (US) after two days of renewed US strikes, saying that any U.S. military action will prompt retaliation. Ghalibaf emphasized that access to the Strait of Hormuz remains under Iranian control.

Source  Fxstreet1783563385
Spot Gold Plunges Toward 4,000 Mark as US Strikes Iran Again and Fed Minutes Stir Market.

TradingKey - Macro events boost rate hike expectations; spot gold tests the $4,000 level again; next Tuesday's June CPI release looms as a watershed for bulls and bears.During the Asian session on Jul

Source  Tradingkey1783560291
WTI holds above $74.00, close to two-week top as bears hesitate on US-Iran/Hormuz risks

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – drifts lower during the Asian session on Thursday and moves away from a two-week high, around the $75.75 region touched the previous day.

Source  Fxstreet1783560084
Gold declines below $4,100 as US–Iran tensions revive inflation worries, Fed rate hike bets

Gold price (XAU/USD) declines to around $4,075 during the early Asian session on Thursday. The precious metal extends its downside as US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates.

Source  Fxstreet1783552615
Crude Oil rediscovers its war premium as the Versailles patch peels off

West Texas Intermediate (WTI) Crude Oil trades near $74.50 on Wednesday, up more than 3.5% and extending a rebound that began at the $68.00 floor in early July.

Source  Fxstreet1783545969
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