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WTI Oil dips to levels approaching $90.00 amid Hormuz opening rumours
Crude Oil prices extend losses for the third consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) trading at $90.66 at the time of writing, as progress in the US-Iran peace talks has sparked speculation about the reopening of the Strait of Hormuz.
Gold: Energy-driven rate hopes support prices – ING
ING’s commodities strategists Ewa Manthey and Warren Patterson report that Gold rallied as hopes of a US-Iran deal pushed Oil prices lower, easing inflation concerns and weighing on yields while the Dollar stayed near pre-war levels.
Fxstreet
Thu, May 7
WTI consolidates below $93.00 as traders assess likelihood of US-Iran peace deal
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest bounce from sub-$87.00 levels, or over a two-week low.Gold sticks to positive bias above $4,700, close to over one-week high on weaker USD
Gold (XAU/USD) trades with a positive bias for the third straight day and holds steady above the $4,700 mark during the Asian session on Thursday, just below a one-and-a-half-week high set the previous day.Fxstreet
Thu, May 7
Gold surges as Iran deal hopes crush the US Dollar, yields
Gold (XAU/USD) price rallies nearly 3% on Wednesday amid growing speculation of an end to the Iran war, weighing on the Greenback and pushing US Treasury yields lower. At the time of writing, XAU/USD trades at $4,681 after bouncing off daily highs of $4,723.Fxstreet
Wed, May 6
Coinbase launches Gold and Silver perpetual futures trading
Coinbase (COIN) announced on Wednesday that Gold (XAU) and Silver (XAG) perpetual futures contracts have been listed for trading. The offering, which will be available around the clock to both institutional and retail traders, is available to eligible non-US traders.Fxstreet
Wed, May 6
WTI Oil slumps on US-Iran diplomatic progress, EIA inventory drawdown
West Texas Intermediate (WTI) US Oil tumbles on Wednesday, trading around $92.30 at the time of writing, down 7.62% on the day as investors rapidly unwind geopolitical risk premiums following reports of a potential agreement between Washington and Tehran.Silver Price Forecast: XAG/USD rally pauses below 50-day SMA after intraday surge
Silver (XAG/USD) gains traction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal triggers a sharp decline in the US Dollar (USD) and Oil prices. At the time of writing, XAG/USD is trading around 77, up over 5.50% on the day.WTI Crude Oil tumbles as prospective US–Iran accord eases Strait of Hormuz fears
West Texas Intermediate (WTI) US Oil falls sharply on Wednesday and trades around $91.00 at the time of writing, posting an 8.91% daily decline as markets rapidly reassess geopolitical risks in the Middle East following reports from Axios suggesting major progress between the United States (US) and
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