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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
Gold slips as Trump’s Iran warning lifts US Dollar

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.

Source  Fxstreet1783532923
Silver Price Forecast: XAG extends lower low sequence, eyes on $55

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.

Source  Fxstreet1783532784
WTI rises as supply disruption fears return to Oil markets

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.

Source  Fxstreet1783532331
Strait of Hormuz May Be Blocked Again. Brent Crude Surges Over 7% Nearing $80, Trump Says Military Strike on Iran Tonight

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

Source  Tradingkey1783522429

United States EIA Crude Oil Stocks Change above expectations (-1.9M) in July 3: Actual (2.998M)

Source  Fxstreet1783521003
Silver falls as Trump renews Iran threats, boosts US Dollar ahead of Fed Minutes

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.

Source  Fxstreet1783519929
WTI Oil advances on Trump’s Iran shift, mounting Middle East supply risks

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.

Source  Fxstreet1783514982
Oil: Conflict-driven volatility and positioning – BNY

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.

Source  Fxstreet1783511826
Gold retreats below $4,100 after US President Trump says Iran ceasefire is "over"

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.

Source  Fxstreet1783509834
Silver price today: Silver falls, according to FXStreet data

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.

Source  Fxstreet1783503150
WTI surges above $74 as Trump confirms MoU with Iran is over

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.

Source  Fxstreet1783501674
Gold: Rallies face headwinds from Oil and rates – OCBC

OCBC Bank’s Sim Moh Siong and Christopher Wong explain that the precious-metals complex has come under renewed pressure following the recent spike in Oil prices. Gold is down nearly 2% and Silver more than 4% week-to-date, as geopolitics work mainly through the Oil, inflation and rates channel.

Source  Fxstreet1783499260
WTI slips below $72.00 despite renewing supply concerns

West Texas Intermediate (WTI) oil price inches lower after paring daily gains, trading around $71.70 per barrel during the European hours on Wednesday.

Source  Fxstreet1783496954
Gold Has Its Own Interest Rate? A Hidden Mechanism Thirty Years in the Making — and Quietly Falling Apart

Most people hold a deep-seated image of gold: it sits silently in a vault, earning no interest, paying no dividends, doing nothing but waiting for its price to rise or fall.That image is only half rig

Source  Tradingkey1783496903
Oil: Geopolitical risk lifts prices – ING

ING analysts Warren Patterson and Ewa Manthey note that Brent has jumped above $76/bbl as renewed tensions in the Persian Gulf and US strikes on Iran revive supply concerns.

Source  Fxstreet1783496121
Gold: Central bank demand underpins prices – ING

ING strategists Warren Patterson and Ewa Manthey report that Gold has edged lower after an early advance as traders await the June Federal Open Market Committee (FOMC) minutes, but the metal trades in line with evolving US rate expectations and remains supported above $4,000/oz.

Source  Fxstreet1783492501
India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

Source  Fxstreet1783485362
WTI holds above $72.00, near two-week high amid fresh US-Iran tensions

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's strong move up and enters a bullish consolidation phase near a two-week high, touched during the Asian session this Wednesday.

Source  Fxstreet1783485211
Gold edges higher amid subdued USD demand; hawkish Fed and US-Iran tensions to cap gains

Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day.

Source  Fxstreet1783484349
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