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Silver Price Forecast: XAG/USD rallies on strong US jobs report, weaker Dollar
Silver (XAG/USD) trades around $80.70 on Friday at the time of writing, up 2.98% on the day, supported by a weaker US Dollar (USD) and persistent demand for safe-haven assets amid heightened geopolitical tensions.
Fxstreet
Fri, May 8
Gold holds firm ahead of US NFP report as Middle East tensions remain in focus
Gold (XAU/USD) holds firm on Friday but lacks upside momentum as traders refrain from placing aggressive directional bets ahead of the US Employment data while keeping a close eye on geopolitical developments in the Middle East.Fxstreet
Fri, May 8
Copper: Mine constraints support elevated prices – Commerzbank
Commerzbank strategists note Copper has outperformed other base metals, helped by improved macro sentiment around Hormuz and ongoing mine issues. Chilean ore output fell 9% year‑on‑year in March despite a monthly rebound, while Indonesia’s Grasberg mine is running at only 40–50% capacity.
Fxstreet
Fri, May 8
Gold Price Forecast: XAU/USD holds gains above $4,700 amid US Dollar weakness
Gold (XAU/USD) holds gains above $4,700 on Friday, supported by a weaker US Dollar, despite the cautious mood in financial markets due to recent fire exchange between the US and Iran and doubts about the fate of a fragile ceasefire.Fxstreet
Fri, May 8
Brent: Geopolitics keep prices elevated – Deutsche Bank
Deutsche Bank strategists note Brent Oil has rebounded above $100/bbl as markets reassess risks around the US-Iran ceasefire. Brent briefly dipped to $96/bbl but closed just over $100/bbl and is quoted near $101.64/bbl early Friday.Fxstreet
Fri, May 8
WTI Retreats Below $92.50 on US-Iran Ceasefire Optimism Despite Ongoing Strikes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.45 during the early European trading hours on Friday. The WTI price attracts some sellers on optimism over a possible deal to end the war with Iran.Gold holds above $4,700, close to two-week top as USD bulls seem hesitant ahead of US NFP
Gold (XAU/USD) attracts fresh buyers following the previous day's pullback from over a two-week high and advances to the $4,732-$4,733 area during the Asian session on Friday. Despite renewed hostilities in the Strait of Hormuz, investors seem hopeful over a potential US-Iran peace deal.Fxstreet
Fri, May 8
US President Donald Trump says truce with Iran still 'in effect’
US President Donald Trump said that a ceasefire with Iran is still in place despite fresh military clashes in and around the Strait of Hormuz, warning that it would be obvious if the ceasefire were over, CNN reported on Thursday.Fxstreet
Fri, May 8
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