News

Gold holds flat as US CPI risk offsets ceasefire optimism

Gold (XAU/USD) price is virtually unchanged on Monday as market mood improves due to Iran-Israel halting attacks, even though last Friday’s Nonfarm Payroll figures showed the solidness of the labor market, clearing the way for the Federal Reserve (Fed) to focus on inflation.

Source  Fxstreet1780949567
Silver Price Forecast: XAG/USD hovers near 200-day SMA, downside risks persist

Silver (XAG/USD) trades modestly higher on Monday after falling nearly 8% on Friday in the wake of a stronger-than-expected US Nonfarm Payrolls (NFP) report, which reinforced expectations that the Federal Reserve (Fed) will keep interest rates higher for longer.

Source  Fxstreet1780939561
WTI Oil climbs as Israel-Iran, Houthi tensions eclipse OPEC+ output hike

West Texas Intermediate (WTI) US Oil trades around $89.95 at the time of writing on Monday, up 1.57% on the day, as geopolitical tensions in the Middle East continue to support energy prices.

Source  Fxstreet1780938433
WTI Crude Oil Falls to $90 Level. Iran Situation Cools Suddenly, Strait of Hormuz June Opening Seen Unlikely

Tradingkey - On June 8, tensions in the Iran conflict cooled abruptly, and both major crude oil futures fell. WTI crude futures briefly retreated to around the $90 level. As of press time, it was up 0

Source  Tradingkey1780936217
Why Oil Prices Retreated After Surging? Volatile Iran-Israel Situation, WTI Crude Eyes $97 Resistance

TradingKey - Oil prices spiked earlier today (June 8) following renewed clashes between Iran and Israel, before paring some gains after Iran announced an end to its military operations against Israel

Source  Tradingkey1780924926
Gold steadies after hitting two-and-a-half-month low, hawkish Fed outlook caps gains

Gold (XAU/USD) recovers some ground on Monday after sliding to its lowest level since March, as traders assess fresh geopolitical developments in the Middle East. However, hawkish Federal Reserve (Fed) expectations continue to cap the upside.

Source  Fxstreet1780921138
Oil: Supply risks and cautious OPEC+ hike – BNY

BNY's Bob Savage reports that Brent and WTI surged around 4–5% as Iran–Israel missile exchanges raised fears of supply disruption and higher global inflation.

Source  Fxstreet1780920161
Gold Price Forecast: XAU/USD hits over two-month low under $4,300 as US yields rally

Gold (XAU/USD) extends losses on Monday to complete a more than 4% depreciation in the last two trading days.

Source  Fxstreet1780917444
Why Is Gold Plunging? Gold Prices Fall Below $4,300, Strong Nonfarm Payrolls and Rising Oil Prices Open Downside Space

TradingKey - During the European session on June 8, gold ( XAUUSD) extended its downward trend, falling below $4,300 at one point during the day and hitting a low of $4,268.53. Technical analysis indi

Source  Tradingkey1780916637
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $67.02 per troy ounce, down 1.21% from the $67.84 it cost on Friday.

Source  Fxstreet1780911070
Oil: Price jumps on Iran conflict escalation – Danske Bank

Danske Research Team notes that Brent Oil has surged toward USD 96 per barrel after renewed Israel–Iran hostilities, with markets reassessing regional supply risks. They highlight that the latest air strikes have undermined hopes for a broader deal to reopen the Strait of Hormuz.

Source  Fxstreet1780910341
WTI Oil holds near $92.50 as tensions flare up in the Middle East

Crude prices have jumped by more than $4 on Monday, with the US benchmark West Texas Intermediate (WTI) barrel trading at $92.52 at the time of writing, as tensions between Israel and Iran flare, adding new strains to an already fragile ceasefire in the area.

Source  Fxstreet1780906429
Oil: Muted spike masks tighter balance – Societe Generale

Societe Generale’s Michael Haigh and Jeremy Sellem argue that Oil has underperformed historical shocks despite a 14% loss in global crude supply.

Source  Fxstreet1780901440
Silver Price Forecast: XAG/USD extends decline to near $66.50 as bond yields rise further

Silver price (XAG/USD) extends its decline to near $66.50 during the late Asian trading session on Monday, the lowest level seen in over two months.

Source  Fxstreet1780898009
Iran's ambassador to Moscow: the Strait of Hormuz will be open but with transit fees

Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday.

Source  Fxstreet1780894683
WTI Price Forecast: Sticks to gains near $92.00; 200-SMA on H4 holds the key for bulls

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction at the start of a new week as renewed hostilities in the Gulf dampen hopes for a deal to end a three-month-old war.

Source  Fxstreet1780893866
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1780893321
$4,300: Gold seems vulnerable near March low as geopolitics and Fed hike bets support USD

Gold (XAU/USD) attracts fresh sellers following a modest Asian session uptick to the $4,350-$4,355 area and touches its lowest level since March 23 on the first day of a new week.

Source  Fxstreet1780891240
Iran Attacks Israel Again. Oil Prices Once Surge, Three Major US Index Futures Turn

TradingKey - Tensions in the Middle East have escalated sharply once again. On the evening of June 7 local time, in response to Israeli airstrikes on the southern suburbs of Beirut, Lebanon, Iran laun

Source  Tradingkey1780884562
Israeli Air Force strikes military targets in western and central Iran following missile attacks

The Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel, the BBC reported on Monday. 

Source  Fxstreet1780883267
WTI holds gains near $90.50 as Iran launches missiles toward Israel

West Texas Intermediate (WTI) oil price edges lower after opening at a bullish gap, remaining in the positive territory and trading around $90.50 per barrel during the Asian hours on Monday.

Source  Fxstreet1780880640
OPEC+ agrees fourth oil output quota hike in July

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to increase production by 188,000 barrels per day (bpd) in July despite the continued closure of the Strait of Hormuz.

Source  Fxstreet1780880242
Gold rebounds to near $4,350 despite Middle East tensions

Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday.

Source  Fxstreet1780877929
US President Donald Trump says he will ask Netanyahu not to strike back at Iran

US President Donald Trump said that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike back after Iran fired a salvo of missiles at Israeli targets in retaliation for an attack on the outskirts of Beirut, Reuters reported on Sunday.

Source  Fxstreet1780872886
Silver Price Forecast: XAG crashes towards 200-day SMA, eyes on $61.00

Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.

Source  Fxstreet1780690098
Gold melts down as blowout NFP sends DXY above 100

Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly revised, increasing the chance of a Federal Reserve (Fed) rate hike.

Source  Fxstreet1780679818

United States Baker Hughes US Oil Rig Count up to 431 from previous 429

Source  Fxstreet1780678942
Silver tumbles below $69 as strong US jobs report boosts the US Dollar

Silver (XAG/USD) falls on Friday and trades around $68.90 at the time of writing, down 6.74% on the day. The white metal is under heavy selling pressure after a stronger-than-expected US employment report boosted the US Dollar and reinforced expectations of a more restrictive Federal Reserve (Fed).

Source  Fxstreet1780671631
Oil: Conflicting demand signals shape outlook – Commerzbank

Commerzbank’s Norman Liebke and Carsten Fritsch highlight that Brent and European gas have risen on renewed US–Iran tensions, but price reactions are more muted as inventories and rerouted flows ease tightness.

Source  Fxstreet1780669498
Nonfarm Payrolls Thoroughly Overturn Rate Cut Dreams. Spot Gold Falls Below $4,400 Mark, Hitting New Low Since Late March.

Tradingkey - On June 5, the U.S. Bureau of Labor Statistics released May non-farm payroll data that significantly exceeded market expectations, indicating that the U.S. labor market remains resilient.

Source  Tradingkey1780669164
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