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Silver Price Forecast: XAG/USD Bounces Off Two-week Low; Retakes $81.00 Amid Bearish Setup
Silver (XAG/USD) stages a modest recovery from a nearly two-week low, around the $78.35 region touched during the Asian session on Monday, and climbs back above the $81.00 mark in the last hour.
Fxstreet
Mon, Mar 16
US Energy Secretary Says Iran War Expected to End Within Next Few Weeks
US energy secretary Chris Wright said that he expects the United States (US)–Israel war with Iran to end within “the next few weeks,” with oil supplies rebounding and energy costs declining afterwards, the Guardian reported on Sunday.
Fxstreet
Mon, Mar 16
Strait of Hormuz Blockade Risk Persists, Asia Oil Prices Surge Then Retreat and Fluctuate
TradingKey - During the March 16 Asian trading session, international oil prices retreated from earlier highs, as the escalating military conflict between the U.S. and Iran remained the primary underlying driver.
TradingKey
Mon, Mar 16
Gold price heads for weekly loss as DXY surges above 100.00
Gold price loses some 0.70% on Friday. It seems poised to end the week with losses of more than 2% as the Greenback remains the choice for safety amid the Middle East conflict, which has increased investors' angst over a reacceleration of inflation.
Fxstreet
Fri, Mar 13
WTI Oil prices steady near $95 as strategic reserves offset Middle East supply risks
West Texas Intermediate (WTI) US Oil trades around $95.30 on Friday at the time of writing, virtually unchanged for the day, as markets balance supply relief measures with escalating geopolitical risks in the Middle East.Oil: War-driven supply shock supports prices – Commerzbank
Commerzbank’s commodity team, including Barbara Lambrecht and colleagues, highlights that the Iran war has triggered the largest oil supply outages ever, with the IEA estimating losses of at least 8 million barrels per day.Fxstreet
Fri, Mar 13
Gold struggles as Oil-driven inflation fears weigh on global interest rate outlook
Gold (XAU/USD) struggles to gain traction on Friday and remains on course for a second weekly decline as surging Oil prices stemming from the ongoing US-Iran war fuel inflation concerns and trigger a hawkish repricing of global interest-rate expectations, weighing on the non-yielding metal.Fxstreet
Fri, Mar 13
US Treasury Yields Extend Gains, Weighing on Gold
TradingKey - US Treasury yields have remained firm this week, with the 10-year note trading largely in a 4.1%–4.3% range and touching around 4.27% at the weekly high — noticeably above the roughly 4.05% level seen at the start of the month.TradingKey
Fri, Mar 13
Silver Price Forecast: XAG/USD Retakes $85.00; Bearish Risks Persist
Silver (XAG/USD) gains some positive traction during the Asian session on Friday and climbs back above the $85.00 mark in the last hour. The white metal, for now, seems to have snapped a two-day losing streak, though it remains on track to end the week on a flattish note.Fxstreet
Fri, Mar 13
WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.Featured Tools
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