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 - 동부시간 7월 13일, 현물 금 가격은 2% 넘게 하락해 보도 시점 기준 온스당 4,014달러에 거래되고 있다. 도널드 트럼프 미국 대통령은 소셜미디어를 통해 "우리는 호르무즈 해협을 장악할 것이며, 이란은 아무것도 얻지 못할 것"이라고 밝힌 것으로 전해졌다.[출처: TradingView]구체적으로 트럼프 미국 대통령은 호르무즈 해협
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.
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
TradingKey - 7월 13일 아시아 장 초반 거래에서 WTI 원유( USOIL) 가격이 급등했다. 주말 동안 미국과 이란 간의 갈등이 고조된 영향으로 시장이 호르무즈 해협의 공급 차질 위험을 거래 논리에 다시 반영하면서, WTI 원유 가격은 4% 이상 상승하며 장중 최고치인 74.66달러를 기록했다.미국-이란 갈등 고조, 유가 급등 촉발펀더멘털 관점
TradingKey - 미 동부 시간 기준 7월 12일, 미국과 이란 간의 군사적 충돌이 다시 발생하면서 중동 지역의 긴장이 크게 고조되었다. 최근 보도에 따르면 호르무즈 해협 인근에서 컨테이너선 한 척이 공격을 받아 화재가 발생했다. 이후 미국은 이란 내부의 여러 군사 목표물을 대상으로 공습을 감행했으며, 이에 맞서 이란도 중동 내 여러 미군 관련 시설을
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.
Gold (XAU/USD) price retreats on Friday during the North American session, pressured by US President Donald Trump's comments allowing the resumption of US-Iran talks, but reiterating that the ceasefire is “over.” The XAU/USD pair trades at around $4,103, down 0.48%.
West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours.
Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day.
West Texas Intermediate (WTI) trades around $72 at the time of writing on Friday, up 0.42% on the day, but remains in a consolidation phase after reaching a more than two-week high earlier this week.
Silver price (XAG/USD) surrenders its early gains and slides 0.73% to near $59.50 during the European trading session on Friday. The white metal turns negative amid fears that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.
Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day's gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and Federal Reserve (Fed) interest rate hikes.
Gold (XAU/USD) nurses minor losses with price action contained within Thursday’s trading range, around the $4,100 level, set for 1.6% weekly depreciation. Precious metals struggled this week as the resumption of hostilities in Iran boosted Oil prices, pressuring central banks to hike interest rates.
OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move.
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $59.47 per troy ounce, down 0.86% from the $59.98 it cost on Thursday.
According to the latest forecast from the International Energy Agency (IEA), the global Oil demand will rise by 1.2 million barrels per day (bpd) Year-on-Year (YoY) in the last quarter of this year.
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.