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Silver price declines on US policy shift, easing geopolitical tensions
Silver (XAG/USD) trades sharply lower on Monday, hovering around $81.80 at the time of writing, down 2.0% on the day. The white metal extends the corrective move that began after last week’s steep drop, as markets rapidly reassess the macroeconomic and monetary outlook in the United States (US).
Fxstreet
Mon, Feb 2
WTI Oil tumbles as easing Middle East tensions, steady OPEC+ output weigh
West Texas Intermediate (WTI) US Oil trades around $61.90 on Monday at the time of writing, down 5.50% on the day. WTI prices remain under pressure as markets react to signs of easing tensions between the United States (US) and Iran, which could alter supply expectations in the global energy market.Gold Price Forecast: XAU/USD bounces towards $4,800, remains bearish on the day
Gold (XAU/USD) is trimming some losses on Monday after the sharp bearish correction witnessed on Friday and Monday’s Asian session. The precious metal has returned to levels near $4,800, trading at $4,766 at the time of writing, but still about 15% below Thursday's highs above $5,600.Fxstreet
Mon, Feb 2
Gold stabilises after sharp correction as dip buying emerges
Gold (XAU/USD) stabilises on Monday with dip-buying interest emerging after a sharp correction from last week’s surge to fresh all-time highs near $5,600. At the time of writing, XAU/USD trades around $4,770, recovering after an intraday slide of nearly 10% to over three-week lows near $4,402.Fxstreet
Mon, Feb 2
Gold: $6,000 target remains intact – Deutsche Bank
Deutsche Bank Research Analyst Michael Hsueh reiterates its bullish outlook on Gold, maintaining a target price of $6,000 per ounce. The report emphasizes that recent price corrections do not indicate a fundamental shift in investor sentiment.Fxstreet
Mon, Feb 2
Gold: Significant sell-off continues – Deutsche Bank
Deutsche Bank's report, authored by Jim Reid, highlights a major sell-off in Gold, with a decline of 8.95%, marking its largest daily drop since 2013. The report attributes this volatility to the nomination of Kevin Warsh as Fed Chair, which has raised hawkish expectations.Fxstreet
Mon, Feb 2
Gold: Sharp drop signals market volatility – Commerzbank
Gold prices experienced a significant decline, dropping 9% last Friday, marking one of the most extreme single-day moves in years. The sell-off was attributed to forced liquidations and momentum unwinding, reflecting rapid de-risking by systematic traders.Fxstreet
Mon, Feb 2
WTI falls below $62.00 amid US-Iran deal hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early European trading hours on Monday. The WTI price falls by 5.65% on easing US-Iran tensions. Traders will closely monitor the developments surrounding US-Iran negotiations.Featured Tools
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