Search
News
Gold tumbles to eight-month low below $4,000 as Middle East tensions reinforce US rate hike bets
Gold price (XAU/USD) falls to near an eight-month low around $3,975 during the early Asian session on Friday. The precious metal extends its downside as rising tensions in the Middle East raise inflation concerns and reinforce expectations of elevated US interest rates.
Fxstreet
Thu, Jul 16
Crude Oil watches the region catch fire and still cannot clear its ceiling
West Texas Intermediate (WTI) Crude Oil is fading about one percent to just below $79.00 after a third consecutive failure at the $80.00 handle, where the 50-day Exponential Moving Average sits just above the figure and refuses to yield.
Gold loses track of $4,000, drops as Oil shock revives Fed bets
Gold price drops over 1.80% as tensions between the US and Iran fuel fears of a possible Oil supply disruption, driving energy prices higher and potentially triggering another round of inflation. The XAU/USD trades at $3,994.Fxstreet
Thu, Jul 16
Crude Oil watches the Houthis aim at the last export route that still works
West Texas Intermediate (WTI) spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi oil sites and key facilities should Saudi Arabia escalate its actions against Yemen.Silver tumbles as energy-driven inflation fears keep rate outlook elevated
Silver (XAG/USD) falls toward $56.70 at the time of writing on Thursday, down 1.85% on the day. The white metal comes under selling pressure as renewed tensions between the United States (US) and Iran drive energy prices higher, reviving concerns about persistently elevated global inflation.
Fxstreet
Thu, Jul 16
Gold slips as energy-driven inflation fears keep Fed rate hike bets in play
Gold (XAU/USD) edges lower on Thursday as traders look past back-to-back softer-than-expected US inflation reports and remain focused on renewed Middle East tensions, which are fueling concerns that higher energy prices could reignite inflationary pressure.Fxstreet
Thu, Jul 16
Gold Price Forecast: XAU/USD stays below 20-day EMA, sees further downside below $3,940
Gold price (XAU/USD) is down 0.7% to near $4,030 during the European trading session on Thursday. The precious metal faces selling pressures as global inflation concerns remain intact amid elevated energy prices in the wake of widening military aggression between the United States (US) and Iran.Gold: Fed repricing supports but upside capped by energy risks – ING
ING strategists Warren Patterson and Ewa Manthey report Gold has risen for a second session as softer US producer price data weighs on the Dollar and Treasury yields, reducing expectations of near-term Federal Reserve tightening.Fxstreet
Thu, Jul 16
US Dollar: Disinflation meets Oil – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that softer United States (US) inflation data has reduced expectations of near-term Fed tightening, weighing on front-end US yields and the US Dollar (USD) while supporting risk-sensitive assets.
Fxstreet
Thu, Jul 16
Oil: Physical market tightens with Persian Gulf risks – ING
ING analysts Warren Patterson and Ewa Manthey note Oil prices have extended gains as US–Iran tensions escalate and tanker flows through the Strait of Hormuz remain under pressure. Large second-quarter inventory drawdowns and the imminent end of global SPR releases leave the market more exposed.Fxstreet
Thu, Jul 16
Silver Price Forecast: XAG/USD tumbles to near $57 as inflation projections remain de-anchored
Silver price (XAG/USD) trades 1.33% lower to near $58.00 during the European trading session on Thursday. The white metal faces selling pressure as elevated energy prices due to renewed aggression between the United States (US) and Iran have de-anchored inflation expectations again.WTI Price Forecast: Slips below $79.00; bullish bias persists amid US-Iran tensions
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – ticks lower during the Asian session on Thursday, though it lacks bearish conviction and remains close to an over one-month high touched earlier this week.Featured Tools
Top News
Nike: Just Bounce It — Shares Hit 12-Year Low, Will the Market Jump the Gun?
Why Are Nasdaq and S&P 500 Futures Weak Pre-Market? Nvidia, Apple, Intel, CRWD and Other Stocks in Focus
Which Magnificent Seven Stock Looks Best for Next Week? GOOGL Leads NVDA and MSFT
The Week Ahead: August Nonfarm Payrolls Data Incoming, Broadcom, Dell, Palo Alto Earnings Set for Release
Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000
Market Movers
Booking Holdings Inc Stock (BKNG) Closed Down by 3.21% on Aug 31: A Full Analysis
48 minutes ago
BKNG
--
Roblox Corp Stock (RBLX) Closed Up by 7.12% on Aug 31: What Signal Does It Send?
48 minutes ago
RBLX
--
VNET Group Inc Stock (VNET) Closed Down by 7.71% on Aug 31: Drivers Behind the Movement
48 minutes ago
VNET
--