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Gold surges as Iran deal hopes crush the US Dollar, yields
Gold (XAU/USD) price rallies nearly 3% on Wednesday amid growing speculation of an end to the Iran war, weighing on the Greenback and pushing US Treasury yields lower. At the time of writing, XAU/USD trades at $4,681 after bouncing off daily highs of $4,723.
Fxstreet
Wed, May 6
Coinbase launches Gold and Silver perpetual futures trading
Coinbase (COIN) announced on Wednesday that Gold (XAU) and Silver (XAG) perpetual futures contracts have been listed for trading. The offering, which will be available around the clock to both institutional and retail traders, is available to eligible non-US traders.
Fxstreet
Wed, May 6
WTI Oil slumps on US-Iran diplomatic progress, EIA inventory drawdown
West Texas Intermediate (WTI) US Oil tumbles on Wednesday, trading around $92.30 at the time of writing, down 7.62% on the day as investors rapidly unwind geopolitical risk premiums following reports of a potential agreement between Washington and Tehran.
Silver Price Forecast: XAG/USD rally pauses below 50-day SMA after intraday surge
Silver (XAG/USD) gains traction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal triggers a sharp decline in the US Dollar (USD) and Oil prices. At the time of writing, XAG/USD is trading around 77, up over 5.50% on the day.WTI Crude Oil tumbles as prospective US–Iran accord eases Strait of Hormuz fears
West Texas Intermediate (WTI) US Oil falls sharply on Wednesday and trades around $91.00 at the time of writing, posting an 8.91% daily decline as markets rapidly reassess geopolitical risks in the Middle East following reports from Axios suggesting major progress between the United States (US) and
Gold refreshes weekly top, eyes mid-$4,600 as USD weakens on US-Iran peace deal hopes
Gold (XAU/USD) gains some follow-through positive traction for the second straight day on Wednesday and recovers further from a more than one-month low, around the $4,500 mark, touched at the start of this week.Fxstreet
Wed, May 6
Gold edges higher above $4,550 on fragile US–Iran ceasefire
Gold price (XAU/USD) trades in positive territory near $4,575 during the early Asian session on Wednesday. The precious metal edges higher as markets weigh developments in the Iran war. Traders will keep an eye on the US ADP Employment Change report, which is due later on Wednesday.Fxstreet
Tue, May 5
Gold rebounds from one-month lows as ceasefire lifts buying interest
Gold (XAU/USD) advances nearly 1% on Tuesday as a fragile ceasefire between the US and Iran improves risk appetite, with Wall Street trading higher. At the time of writing, XAU/USD trades at $4,560 after bouncing off one-month lows of $4,500.Fxstreet
Tue, May 5
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