Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XAU/USD trades at $4,065, up 0.38%.
BNY’s Geoff Yu notes that Brent has retreated slightly below $100 but remains supported by renewed Middle East tensions, Red Sea and Strait of Hormuz disruptions, and Kazakhstan’s export halt. Institutional flows show high-conviction re-accumulation of energy exposure from a still-depleted base.
TradingKey - 미국과 이란 간 갈등의 지속적인 고조가 유가의 일방적인 상승세를 이끌며 WTI 원유 선물은 90달러선으로, 브렌트유 선물은 100달러선으로 복귀했으며, 두 주요 벤치마크 모두 6월 초 고점을 탈환했다.시장의 관심은 지정학적 갈등 자체에서 갈등의 지속 기간에 대한 전망으로 점차 이동하고 있으며, 이 변수는 유가 방향성에 영향을 미치는
West Texas Intermediate (WTI) eases on Friday as traders lock in profits following a 6% jump the previous day. However, the widening Middle East war limits the downside as supply risks intensify around two major energy-shipping routes, the Strait of Hormuz and Bab el-Mandeb.
Silver (XAG/USD) trades around $58.55 at the time of writing on Friday, up 2.24% on the day, benefiting from a modest pullback in the US Dollar (USD) following its recent rally.
Gold (XAU/USD) steadies on Friday after falling nearly 2% the previous day, as surging Oil prices fueled expectations that the Federal Reserve (Fed) may need to raise interest rates amid a worsening inflation outlook.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.40 per troy ounce, up 1.98% from the $57.27 it cost on Thursday.
ING’s Warren Patterson and Ewa Manthey report that Gold has come under pressure as higher Oil prices stoke inflation concerns and push yields and the US Dollar higher.
TradingKey - 7월 24일 아시아 세션 기준, 금 가격은 ( XAUUSD)은 장중 거래 동안 지속적으로 하락하며 한때 4,000달러 선에 육박했습니다. 차트를 보면, 이번 주 금 가격은 4,000달러에서 최고 4,166.19달러까지 반등했습니다. 하지만 유가가 계속 상승하고 브렌트유 ( UKOIL)가 다시 한번 100달러를 돌파하자, 미국 인플레이
OCBC’s Sim Moh Siong and Christopher Wong note Gold has retreated back toward USD 4,040/4,050 after briefly trading above 4,160 as Brent surged past USD100 and the Dollar and US yields climbed.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.05 during the early European trading hours on Friday. WTI tumbles as traders book some profits.