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Oil: Prices supported by Iran conflict escalation – Danske Bank
Danske Research Team notes that Iran’s Revolutionary Guard has declared the Strait of Hormuz closed and reported attacks on vessels, while the US launched new strikes on Iranian targets. Brent crude has climbed toward USD 95/bbl on these developments.Silver Price Forecast: XAG/USD rises to near $64 on hopes that US-Iran ceasefire remains intact
Silver price (XAG/USD) claws back its early losses and rises to near $64.10 during the early European trading session on Thursday. The white metal attracts bids amid hopes that the April ceasefire between the United States (US) and Iran remains intact despite the exchange of attacks this week.Fxstreet
Thu, Jun 11
WTI drifts higher to near $89.50 as US launches renewed strikes against Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.50 during the early European trading hours on Thursday. The WTI price edges higher amid renewed skirmishes between the United States (US) and Iran.US military launches strikes on ‘multiple targets’ in Iran after Trump vows to 'hit them hard’
The US Central Command (CENTCOM) said it began "additional self-defense strikes" on Wednesday against "multiple targets in Iran,” the Guardian reported. The US military added, "The strikes are in response to Iran's unwarranted and continued aggression.”Fxstreet
Wed, Jun 10
Gold price crashes as Trump's strike threat sends Oil and yields higher
Gold (XAU/USD) price collapses over 3% on Wednesday after the latest inflation report in the US showed prices remain elevated, reinforcing expectations that interest rates could remain higher-for-longer, a headwind for the non-yielding metal.Fxstreet
Wed, Jun 10
Gold extends sell-off ahead of US CPI inflation data
Gold (XAU/USD) slides to fresh 11-week lows on Wednesday as mounting speculation that the Federal Reserve (Fed) could raise interest rates later this year weighs on demand for the non-yielding metal. At the time of writing, XAU/USD is trading around $4,163, down 2.30% on the day.Fxstreet
Wed, Jun 10
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