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.
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.
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.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
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
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.
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.
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
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.
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.
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.
Gold (XAU/USD) price dives over 1.30% on Wednesday as tensions in the Middle East bolstered the Greenback after US President Donald Trump said that the agreement to end the war with Iran was “over.” At the time of writing, XAU/USD trades at $4,059 after hitting a four-day low of $4,021.
Silver prices collapse nearly 2.50% on Wednesday as risk aversion drives traders towards buying the US Dollar, to the detriment of precious metals. At the time of writing, the XAG/USD trades at $58.41 after waking at around $61.03.
West Texas Intermediate (WTI) trims part of its earlier gains on Wednesday but remains supported as supply risks resurface amid escalating tensions in the Middle East.
Tradingkey - On July 8, Eastern Time, the two major crude oil futures surged violently, with Brent crude on the verge of returning to $80, reclaiming its mid-June highs. It is reported that during his
Silver (XAG/USD) extends its decline on Wednesday and trades around $58.45 at the time of writing. The white metal remains under pressure after comments from US President Donald Trump revived concerns about renewed conflict in the Middle East, supporting the US Dollar (USD) and US Treasury yields.
West Texas Intermediate (WTI) US Oil trades around $73.10 on Wednesday at the time of writing, up 1.48% on the day, as investors reassess risks to global energy supply following a renewed deterioration in geopolitical conditions across the Middle East.
BNY’s Geoff Yu highlights growing fragility in global markets as President Trump declares the Iran ceasefire over and U.S. strikes in the Strait of Hormuz reignite Oil volatility.
Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was “over” and said that dealing with Tehran is “a waste of time” while speaking at the NATO Summit in Ankara, Turkey.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.56 per troy ounce, down 2.34% from the $59.97 it cost on Tuesday.
West Texas Intermediate (WTI), futures on NYMEX, soars 3.2% to near $74.30 during the European trading session on Wednesday, the highest level seen in two weeks.