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Gold rises on softer US Dollar, traders await Trump's address on Iran war
Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.
Fxstreet
Wed, Apr 1
Gold nears $4,800 as fading Dollar lifts bullion for fourth consecutive day
Gold (XAU/USD) price rallies for a fourth straight day on Wednesday, hitting a two-week high near $4,800 as the Greenback depreciates amid growing speculation of an end to the Middle East conflict. At the time of writing, the XAU/USD pair trades at $4,758, up nearly 2%.Fxstreet
Wed, Apr 1
Oil: War risk keeps prices elevated – Rabobank
RaboBank's Global Strategist Michael Every highlights that Gulf War 3 and the closure of the Strait of Hormuz have pushed Oil prices about 60% above pre-war levels, with specific products like diesel and jet fuel particularly affected in Asia.Fxstreet
Wed, Apr 1
Gold Price Forecast: XAU/USD rallies further with the $5,000 level on focus
Gold (XAU/USD) appreciates for the fourth consecutive day on Thursday. The US Dollar (USD) tumbles as hopes of a quick end to the Iran war have improved risk appetite and triggered significant pullbacks in US Treasury yields.Fxstreet
Wed, Apr 1
Gold extends gains near two-week highs amid optimism over US–Iran war
Gold (XAU/USD) edges higher on Wednesday, building on the previous day's solid gains as optimism grows that the US-Israel war with Iran could end soon. At the time of writing, XAU/USD is trading around $4,748, its highest level in nearly two weeks.Fxstreet
Wed, Apr 1
IEA’s Birol: This crisis is worse than the two in the 1970s and Russia-related in 2022 put together
International Energy Agency chief Fatih Birol said during European trading hours on Wednesday that the ongoing oil supply crisis is worse than the two in the 1970s and Russia-related in 2022 put together.WTI Price Analysis: Middle East war de-escalation restricts oil rally around $103.40
West Texas Intermediate (WTI), futures on NYMEX, is down 0.8% to near $96.60 in the early European trade on Wednesday. The oil price extends its correction from the three-week high of 103.33 posted on Tuesday on hopes of a ceasefire in the Middle East war.Gold Price Rebounds Strongly to $4,700 Mark. But March Still Records Significant Pullback
TradingKey - During Wednesday’s Asian trading session, international gold prices surged, breaking through the $4,700 threshold intraday to reach a new periodic rebound high. This followed signals from both the U.S. and Iran expressing a willingness to end the conflict. Driven by this, capital flowed back into risk assets, while gold, which experienced a sharp decline in March, also recorded synchronized gains.TradingKey
Wed, Apr 1
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