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Silver Price Forecast: XAG/USD jumps above $82.00 amid Iran conflict, US jobs data awaited
Silver price (XAG/USD) holds positive ground near $82.20 during the early Asian session on Friday. The ongoing US-Israeli campaign against Iran provides safe-haven support, boosting the white metal. Traders await the release of the key US employment report for February for fresh impetus.
Fxstreet
Fri, Mar 6
Gold Edges Lower in Early Asian Trade as Inflation and Dollar Suppress Gold’s Safe-Haven Value
TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.
Gold tumbles below $5,100 on strong US Dollar, Treasury yields
Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.Fxstreet
Thu, Mar 5
Silver Price Forecast: XAG/USD declines amid strong US economic data, rising USD
Silver (XAG/USD) trades lower on Thursday, falling toward $82.20 at the time of writing, down 1.18% on the day. The precious metal is under pressure as the US Dollar (USD) rebounds following the release of stronger-than-expected US economic data.Fxstreet
Thu, Mar 5
WTI struggles to hold above $76 on hopes of de-escalating Middle East conflict
West Texas Intermediate (WTI), futures on NYMEX, are up 2% to near $76.00 during the European trading session on Thursday. The Oil price trades firmly but struggles to stabilize above the $76.00 hurdle due to signs of de-escalation in conflicts between the United States (US), Israel, and Iran.Gold and Silver Stage Deep V-Shaped Reversal as Market Closely Watches Global Central Bank Speeches and Geopolitical Risks
TradingKey - Gold and silver prices witnessed a deep V-shaped reversal during the Asian trading session. Earlier, Bloomberg reports suggested that the Bank of Japan is leaning toward maintaining interest rates at its March policy meeting, while not ruling out the possibility of a rate hike in April. Following this news, gold prices briefly turned negative during intraday trading.European gas: Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted.Fxstreet
Thu, Mar 5
Silver Price Forecast: XAG/USD holds steady above $84.00; seems vulnerable
Silver (XAG/USD) trades with a positive bias for the second straight day on Thursday, though it lacks follow-through buying and remains confined in the previous day's broader range. The white metal holds above the $84.00 mark during the Asian session, up over 1% for the day.Fxstreet
Thu, Mar 5
Gold holds gains near $5,150 amid geopolitical tensions
Gold price (XAU/USD) holds positive ground near $5,145 during the early Asian session on Thursday. The precious metal edges higher on safe-haven demand from the US–Iran conflict. The US weekly Initial Jobless Claims report is due later on Thursday.Fxstreet
Wed, Mar 4
WTI trims gains after rally to one-year high as traders assess US-Iran conflict
West Texas Intermediate (WTI) Crude Oil trims part of its intraday gains on Wednesday as traders assess geopolitical developments surrounding the US-Iran conflict. At the time of writing, WTI trades near $74.32 after briefly reaching a one-year high of $77.20 on Tuesday.Featured Tools
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