Deutsche Bank strategists report that US equities, particularly tech and semiconductor names, sold off as Oil prices spiked and AI-related sentiment softened.
Silver price (XAG/USD) is up 0.75% to near $58 during the European trading session on Tuesday.
ING analysts Warren Patterson and Ewa Manthey say Gold and Silver have sold off as Middle East tensions lift Oil and reinforce concerns over persistent inflation and a tighter Federal Reserve policy path.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen building on the previous day's strong move up and gaining positive traction for the second consecutive day on Tuesday.
Gold (XAU/USD) recovers slightly from a nearly two-week low, touched during the Asian session on Tuesday, and climbs back above the $4,000 psychological mark, though the upside potential seems limited.
TradingKey - As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
The Iranian Islamic Revolutionary Guards Corps (IRGC) said on Tuesday that two 'offending supertankers' were hit and disabled in the Strait of Hormuz. IRGC said that tankers ignored warnings, turned off navigation systems and tried to pass through 'mined route.’
TradingKey - On July 13 Eastern Time, US President Trump stated that the United States will ensure the Strait of Hormuz remains open and may directly manage this crucial global energy transit corridor
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani territorial waters, Reuters reported on Tuesday.
Gold price (XAU/USD) remains under selling pressure near $3,995 during the early Asian session on Tuesday. The precious metal extends its downside as renewed US-Iran tensions keep inflationary pressures high.
Silver price remains below $60.00 as the week begins, and dives nearly 4% on Monday amid tensions in the Middle East, driving inflationary pressures higher.
TradingKey - The two major crude oil futures surged close to 10%. As of press time, WTI crude rose 9.22% to $78.09, while Brent crude rose 9.39% to $83.15.According to reports, the US Navy-led Joint M
Gold price (XAU/USD) plunges on Monday after remarks by Federal Reserve (Fed) Governor Christopher Waller, who revealed that if the Consumer Price Index (CPI) rises this week, the Fed should consider interest rate hikes.
Crude Oil is repricing the death of a framework rather than any single missile exchange.
Societe Generale’s Michael Haigh and Jeremy Sellem note that the commodity complex has been resilient to Middle East tensions, with Oil gains capped and forecasts for prices at $70 by year end unchanged.
TradingKey - On July 13, Eastern Time, spot gold fell over 2%, trading at $4,014 per ounce as of press time. It is reported that U.S. President Trump stated on social media: "We are going to take over
BNY's Geoff Yu notes that renewed U.S.-Iran tensions have lifted Brent and WTI, with markets reassessing energy supply risks and broader risk sentiment.
Gold (XAU/USD) extends losses on Monday, with price action drifting below the $4,100 line, amid a risk-off market mood, as tensions between the US and Iran flare.
Gold (XAU/USD) starts the week on the back foot as renewed tensions in the Middle East lift Oil prices and bring inflation concerns back into focus, reinforcing expectations of a Federal Reserve (Fed) interest rate hike later this year.
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $58.72 per troy ounce, down 1.92% from the $59.87 it cost on Friday.
Rabobank strategist Michael Every discusses rising geopolitical risks around the Strait of Hormuz after the apparent collapse of a US-Iran memorandum of understanding. Every notes both sides are now striking each other, with United States (US) strategy shifting to escorted energy flows.
Speculative traders seem reluctant to jump on the Crude Oil rally despite the escalating tensions in the Middle East and the closure of the Strait of Hormuz.
ING analysts Warren Patterson and Ewa Manthey note that Brent Oil prices have risen sharply as tensions escalate in the Persian Gulf and transit through the Strait of Hormuz slows. They highlight that speculators have trimmed net long positions in ICE Brent despite higher prices.
Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on its modest bullish gap opening and climbs above the $74.00 mark during the Asian session on Monday.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
TradingKey - On July 12, Eastern Time, military conflicts erupted again between the United States and Iran, significantly heating up tensions in the Middle East. According to the latest reports, a con
Gold price (XAU/USD) attracts some sellers to near $4,070 during the early Asian trading hours on Monday. The precious metal extends its decline amid escalating tensions between the US and Iran.
Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.