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Silver Price Forecast: XAG to break resistance trendline, eyes on $60
Silver price (XAG/USD) surges over 4.50% on Tuesday, reaching five-day highs, clearing $59.00 as buyers push the white metal to test a downslope resistance trendline near the $59.65/$50.75 range, about to surpass the $60.00 mark.
Fxstreet
Tue, Jul 21
WTI Crude Oil advances on US-Iran supply disruption fears as traders await API report
West Texas Intermediate (WTI) trades around $84.40 at the time of writing on Tuesday, up 2.58% on the day, as concerns over global Oil supplies continue to support prices despite hopes for a diplomatic de-escalation in the Middle East.
Silver Price Forecast: XAG/USD surges as Middle East tensions boost safe-haven demand
Silver (XAG/USD) rallies to around $58.85 on Tuesday at the time of writing, up 4.31% on the day. The white metal is supported by strong safe-haven demand as investors continue to monitor escalating tensions between the United States (US) and Iran.Fxstreet
Tue, Jul 21
Oil: Geopolitical premium persists as Gulf conflict escalates – BNY
BNY’s Geoff Yu notes that the U.S.–Iran confrontation and Houthi threats in the Red Sea are sustaining a geopolitical premium in Brent and WTI. Brent has risen toward $88 per barrel, with risks that Strait of Hormuz disruptions further tighten Oil supply.Gold climbs as buyers defend $4,000, hawkish Fed expectations limit upside
Gold (XAU/USD) edges higher on Tuesday as buying interest around the $4,000 psychological level supports prices, while traders assess developments in the Middle East and their potential economic fallout. At the time of writing, XAU/USD trades around $4,058, up 1.27% on the day.Fxstreet
Tue, Jul 21
Gold Price Forecast: XAU/USD attempts Descending Triangle breakout near $4,070
Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.
Fxstreet
Tue, Jul 21
WTI Price Forecast: Struggles below $82.00 and one-month high; bullish potential intact
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's late rebound from the $79.50-$79.45 area and trades with a negative bias through the first half of the European session on Tuesday.Copper: China tightness underpins prices – ING
ING Commodities Strategists Warren Patterson and Ewa Manthey report Copper prices are supported by tightening physical conditions in China. Yangshan import premiums have surged on scrap shortages and smelter maintenance outages, while Chinese and LME inventories are low.
Fxstreet
Tue, Jul 21
WTI declines toward $82.00 as traders digest US-Iran developments
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.00 during the early European trading hours on Tuesday. The WTI declines but remains near multi-week highs as traders continue to assess the developments surrounding the US-Iran conflicts.Gold rises cautiously as Fed hike bets, US‑Iran tensions and bullish USD cap gains
Gold (XAU/USD) regains positive traction following the previous day's two-way price moves, though it struggles to capitalize on the move and trades below the $4,050 level during the Asian session on Tuesday.Fxstreet
Tue, Jul 21
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