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Gold holds firm but lacks momentum as US-Iran tensions and Fed outlook weigh
Gold (XAU/USD) holds firm on Monday after a gap-down open, though it lacks strong upside momentum amid escalating tensions between the United States and Iran. At the time of writing, XAU/USD is trading around $4,724, rebounding from an intraday low near $4,632.
Oil: Prices surge on Hormuz blockade threat – ING
ING’s Ewa Manthey and Warren Patterson report that Oil markets rallied sharply after US-Iran talks collapsed, with ICE Brent jumping over 9% and NYMEX WTI moving above $105/bbl. The US plans a maritime blockade around Iranian ports, stoking supply fears.
Gold steady near $4,760 as Iran talks weigh on US Dollar
Gold (XAU/USD) price remains steady on Friday, poised to finish the week with gains of almost 2% as the US Dollar tumbles amid optimism about Iran-US talks in Pakistan throughout the weekend. Also, a mildly high US inflation report trimmed the Federal Reserve's (Fed) dovish bets for 2026.Fxstreet
Fri, Apr 10
WH Sr. Adviser Hassett: We expect a rapid reduction in energy prices once the Strait of Hormuz opens
Kevin Hassett, Director of the National Economic Council, told FOX Business on Friday that the Federal Reserve (Fed) outlook for having room to cut rates will be very solid. He also claimed the Hormuz Strait can be reopened within two months, saying they have backup plans to reopen it.Fxstreet
Fri, Apr 10
Oil: Physical tightness and supply shocks reshape pricing – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights extreme dislocation in Oil markets, with North Sea Forties Blend near $147/bbl and Dated Brent far above futures as Iran’s control of the Strait of Hormuz cuts flows to 8% of normal.Gold: Slight upside risk with fragile ceasefire – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report Gold has rebounded in choppy trade on a fragile US–Iran ceasefire and direct Israel–Lebanon talks. With US nominal and real yields falling and risk sentiment improving, the bank sees risks to Gold prices somewhat skewed to the upside.Fxstreet
Fri, Apr 10
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