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Bitcoin vs Gold: BTC eyes short-term recovery, XAU slides as Iran denies planned talks with US
The cryptocurrency market shows broad signs of recovery, with Bitcoin (BTC) edging higher above $63,000 on Monday. This follows a sudden correction to the daily low of $62,300, which aligns with persistent risk-off sentiment.
WTI Oil plunges as Trump revives US-Iran peace hopes
West Texas Intermediate (WTI) US Oil trades around $78.45 at the time of writing on Monday, down 7.76% on the day, as investors unwind the geopolitical risk premium following announcements of a potential agreement between the United States (US) and Iran.
Silver price falls as stronger US PMI reinforces hawkish Fed expectations
Silver (XAG/USD) trades around $57.20 at the time of writing on Monday, down 0.73% on the day, after a strong US manufacturing report reinforced expectations that the Federal Reserve (Fed) will maintain a restrictive monetary policy.
Fxstreet
Mon, Aug 3
WTI stays lower near $78.50 ahead of US-Iran peace talks 2.0
West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.0 between the United States (US) and Iran.Gold struggles to hold gains amid mixed US-Iran headlines, hawkish Fed
Gold (XAU/USD) starts the week on a positive note, although buyers lack conviction as markets weigh conflicting US-Iran headlines and look ahead to US employment data for fresh clues on the Federal Reserve’s (Fed) policy outlook.Fxstreet
Mon, Aug 3
Gold holds above $4,050 as easing inflation fears curb Fed hike bets; USD bounce caps gains
Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark through the Asian session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17 and turns out to be a key factor acting as a headwind for the commodity.Fxstreet
Mon, Aug 3
US President Donald Trump says Iran talks to begin Monday after canceling attack
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.Fxstreet
Mon, Aug 3
Gold recovers above $4,050 as Trump pauses Iran strikes
Gold price (XAU/USD) attracts some buyers to around $4,060 during the early Asian session on Monday. The precious metal edges higher amid hopes of a breakthrough between the United States (US) and Iran after reports that US President Donald Trump has held off Iran strikes.Fxstreet
Mon, Aug 3
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