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Silver Price Forecast: XAG/USD trades with caution around $68 as US CPI takes centre stage
Silver price (XAG/USD) trades marginally lower at around $67.90 during the European trading session on Tuesday. The white metal faces slight selling pressure as investors turn cautious ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published on Wednesday.
Fxstreet
Tue, Jun 9
WTI Price Forecast: Sticks to losses below $89.00; bearish setup backs further weakness
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends the previous day's sharp retracement slide from the vicinity of mid-$93.00s and attracts some follow-through selling during the Asian session on Tuesday.
Gold holds steady as hawkish Fed bets counter Israel-Iran truce and weaker USD
Gold (XAU/USD) struggles to capitalize on the previous day's late recovery from the $4,267-$4,268 region, or the lowest level since March 23, and oscillates in a narrow band during the Asian session on Tuesday.Fxstreet
Tue, Jun 9
Israel’s Netanyahu says war with Iran, Hezbollah isn’t over after Tehran says it’s halting strikes
Israeli Prime Minister Benjamin Netanyahu said the war against Iran and its Lebanon-based proxy Hezbollah “has not yet ended,” though he insisted both are weaker than ever, CNBC reported on Monday.Fxstreet
Mon, Jun 8
Gold edges lower below $4,350 as Fed rate hike expectations grow
Gold price (XAU/USD) trades with mild losses around $4,325 during the early Asian session on Tuesday. The precious metal remains on the defensive near its lowest since March 24 amid uncertainty in the Middle East and rising bets of a US interest rate hike.Fxstreet
Mon, Jun 8
Gold holds flat as US CPI risk offsets ceasefire optimism
Gold (XAU/USD) price is virtually unchanged on Monday as market mood improves due to Iran-Israel halting attacks, even though last Friday’s Nonfarm Payroll figures showed the solidness of the labor market, clearing the way for the Federal Reserve (Fed) to focus on inflation.Fxstreet
Mon, Jun 8
Silver Price Forecast: XAG/USD hovers near 200-day SMA, downside risks persist
Silver (XAG/USD) trades modestly higher on Monday after falling nearly 8% on Friday in the wake of a stronger-than-expected US Nonfarm Payrolls (NFP) report, which reinforced expectations that the Federal Reserve (Fed) will keep interest rates higher for longer.Fxstreet
Mon, Jun 8
Gold steadies after hitting two-and-a-half-month low, hawkish Fed outlook caps gains
Gold (XAU/USD) recovers some ground on Monday after sliding to its lowest level since March, as traders assess fresh geopolitical developments in the Middle East. However, hawkish Federal Reserve (Fed) expectations continue to cap the upside.Fxstreet
Mon, Jun 8
Oil: Price jumps on Iran conflict escalation – Danske Bank
Danske Research Team notes that Brent Oil has surged toward USD 96 per barrel after renewed Israel–Iran hostilities, with markets reassessing regional supply risks. They highlight that the latest air strikes have undermined hopes for a broader deal to reopen the Strait of Hormuz.Fxstreet
Mon, Jun 8
WTI Oil holds near $92.50 as tensions flare up in the Middle East
Crude prices have jumped by more than $4 on Monday, with the US benchmark West Texas Intermediate (WTI) barrel trading at $92.52 at the time of writing, as tensions between Israel and Iran flare, adding new strains to an already fragile ceasefire in the area.Featured Tools
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