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Oil jumps as reigniting tensions in Middle East lowers chances of Gaza ceasefire deal
Oil prices are pumping higher on Monday after violence picked up in the Gaza region and Israel and Hezbollah exchanged heavy fire, with several bombings and drone attacks from both sides during the weekend. The major escalation in the region couldFxstreet
Aug 26, 2024
Gold extends rally as geopolitical risks boost haven demand
Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors.Fxstreet
Aug 26, 2024
Silver Price Forecast: XAG/USD rises to near $29.30 with Fed Powell’s speech under spotlight
Silver price (XAG/USD) rises to near $29.30 in Friday’s North American session, with investors focusing on the Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium.Fxstreet
Aug 23, 2024
Oil extends recovery after snapping four-day losing streak
Oil prices are rebounding slightly on Friday, extending Thursday’s gains after snapping the losing streak for this week. The rebound, however, could be short-lived as the price outlook remains clouded by concerns over demand and a vast supply surplus atFxstreet
Aug 23, 2024
