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Gold slides as US yields surge, keeping $4,100 out of reach
Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.
Fxstreet
Fri, Jul 31
Silver Price Forecast: XAG/USD consolidates above $55 as downside momentum eases
Silver (XAG/USD) trades on the back foot on Friday as rising US Treasury yields outweigh support from a weaker US Dollar (USD). At the time of writing, XAG/USD trades around $57.50, down 2% on the day and on track to close July in negative territory.
Fxstreet
Fri, Jul 31
Gold: Reduced Fed hike bets support prices - Commerzbank
Commerzbank’s Carsten Fritsch notes that gold briefly traded above USD 4,100 after the Fed meeting as markets pared back expectations of further rate hikes. Fed funds futures nevertheless continue to imply additional tightening, while persistent inflation is keeping those expectations alive.Fxstreet
Fri, Jul 31
Silver Price Forecast: XAG/USD remains under pressure as bond yields, US Dollar rebound
Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.Fxstreet
Fri, Jul 31
WTI falls to near $80.50 on profit-taking, increased traffic through Strait of Hormuz
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.50 during the early European trading hours on Friday. WTI tumbles as traders book some profits despite ongoing conflicts in the Middle East.Silver Price Forecast: XAG/USD declines to near $58.40 as US Dollar regains ground
Silver price (XAG/USD) is down almost 1% to near $58.40 during the Asian trading session on Friday. The white metal faces selling pressure as the US Dollar (USD) rebounds slightly, attempting to snap a three-day losing streak.Fxstreet
Fri, Jul 31
US President Donald Trump says Board of Peace has reached agreement for disarmament of Hamas
US President Donald Trump claimed his Board of Peace has reached an “historic agreement for the complete disarmament of Hamas and all other armed groups in Gaza,”the Guardian reported on Friday.Fxstreet
Fri, Jul 31
Saudi Arabia announces maritime defence alliance to protect Red Sea
Saudi Arabia and 13 other countries announced the creation of an international coalition to safeguard freedom of navigation through the Bab al-Mandeb Strait, the Red Sea and the Gulf of Aden, Reuters reported on Thursday.Fxstreet
Thu, Jul 30
Gold edges higher above $4,100 as traders trim Fed hike bets
Gold price (XAU/USD) gains momentum to around $4,110 during the early Asian session on Friday. The precious metal edges higher as traders reduce their bets on interest rate hikes a day after Federal Reserve (Fed) Chair Kevin Warsh offered little clarity on policy.Fxstreet
Thu, Jul 30
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