West Texas Intermediate (WTI) Crude Oil is in free fall, and the market is not waiting for confirmation.
An article published by the Wall Street Journal (WSJ) revealed that within the US-Iran deal, Tehran is allowed to sell Oil immediately. Alongside this, the deal waived sanctions on banking and transport to facilitate transactions, as the article reads.
Silver (XAG/USD) advances on Tuesday and trades around $70.45 at the time of writing, up 0.60% on the day. The white metal extends its rebound as investors adjust positions ahead of the Federal Reserve's (Fed) monetary policy decision due on Wednesday.
Gold (XAU/USD) holds above the $4,300 mark on Tuesday as traders await further details on the peace framework between the United States (US) and Iran. At the time of writing, XAU/USD trades around $4,340, up 0.70% on the day
Demand for Gold by global central banks is anticipated to remain strong this year despite bullion prices rising over 120% in the last two years, data from the World Gold Council (WGC) published on Tuesday shows.
Crude Oil depreciates further on Tuesday, as the first details of the US-Iran deal start to emerge and hopes of the reopening of the key Strait of Hormuz grow.
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $70.51 per troy ounce, up 0.70% from the $70.02 it cost on Monday.
Christopher Wong at OCBC notes Gold has rebounded about 5% as US‑Iran de‑escalation eased Oil-led inflation and rates shocks. He cautions that upside momentum may slow into the FOMC, with further gains dependent on softer Oil, lower yields and evidence Fed hawkish repricing has peaked.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.20 during the early European trading hours on Tuesday. The WTI price falls to a three-month low after the United States (US) and Iran have agreed on a framework deal to end the war.
Gold (XAU/USD) maintains a mildly positive tone on Tuesday, holding gains after rallying about 6.5% over the last few days.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Rabobank’s Global Daily highlights that reported progress on a US-Iran understanding has not removed key risks around the Strait of Hormuz, with only a brief memorandum agreed and major details still unclear.
Gold price (XAU/USD) trades with mild gains during the early Asian session on Tuesday. The precious metal extends the rally after the United States (US) and Iran reached a comprehensive framework deal to end hostilities, easing inflation concerns.
Silver price registers gains of over 3% as the white metal reclaims the 200-day Simple Moving Average (SMA) of $68.59, on geopolitical news linked to the US-Iran conflict.
Gold (XAU/USD) rallies by more than 3% on Monday after the US and Iran reached a deal to end their conflict, easing inflationary pressures amid falling Oil prices. At the time of writing, the XAU/USD pair trades at $4,351, after bouncing off daily lows of $4,218.
BNY’s Bob Savage reports that the U.S.-Iran agreement to reopen the Strait of Hormuz has significantly reduced immediate energy supply risks. This geopolitical de-escalation has lowered energy market stress and helped calm inflation concerns.
West Texas Intermediate (WTI) US Oil is falling sharply on Monday and trades around $79.15 at the time of writing, down 4.53% on the day.
Gold (XAU/USD) starts the week on a positive note, rising more than 2.5% after the United States (US) and Iran reached a framework agreement to end the war in the Middle East.
Silver (XAG/USD) trades around $70.70 at the time of writing on Monday, up 3.94% on the day. The white metal is extending its rebound and benefiting from a backdrop marked by a weaker US Dollar (USD) and expectations surrounding the upcoming Federal Reserve (Fed) meeting.
MUFG’s Lee Hardman highlights that Oil prices have fallen back toward USD80 per barrel as markets anticipate normalized flows through the Strait of Hormuz after the US-Iran agreement.
Deutsche Bank reviews performance of Oil, bonds, European equities and precious metals from late February to last Friday during the conflict. The bank notes Oil and AI-related trades surged, while bonds, most European equities and precious metals fell.
Gold (XAU/USD) trades around $4,340 at the time of writing on Monday, up 2.86% on the day and extending the rebound that began on Thursday from the $4,024 area.
Societe Generale’s Kenneth Broux and colleagues note Brent has dropped sharply after the US–Iran MoU and reopening prospects for the Strait of Hormuz, with prices down 35% from April peaks but still above pre-war levels.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $70.69 per troy ounce, up 3.91% from the $68.03 it cost on Friday.
West Texas Intermediate (WTI) crude falls around 5%, reaching a three-month low of $78.60 per barrel on Monday. Crude oil prices declined to three-month lows on easing supply concerns following reports that the United States (US) and Iran had reached a deal to end their conflict.
West Texas Intermediate (WTI), futures on NYMEX, trade over 4% down to near $79.50 in the European trading session on Monday.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Silver price (XAG/USD) is up 4% to near $70.80 in the Asian trading session on Monday.
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.40 during the early Asian trading hours on Monday. The WTI price tumbles to a two-month low after reports that the United States (US) and Iran announced a peace deal to end their nearly four-month war.