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WTI extends losses as recovering Hormuz flows, OPEC+ supply outlook weigh
West Texas Intermediate (WTI) crude Oil remains under pressure on Wednesday as improving crude flows through the Strait of Hormuz push prices back to levels seen before the US-Iran war, overshadowing the latest US inventory data.
Silver rebounds above $60 as softer US data, Warsh remarks weigh on the US Dollar
Silver (XAG/USD) rebounds on Wednesday and trades around $60.35, up 3.19% at the time of writing. The white metal is supported by a weaker US Dollar (USD) following softer-than-expected US economic data and comments from Federal Reserve (Fed) Chair Kevin Warsh.
Fxstreet
Wed, Jul 1
Gold steadies near $4,000 as traders await US labor data, Fed Chair speech
Gold (XAU/USD) consolidates losses on Wednesday as a firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations keep buyers on the sidelines. At the time of writing, XAU/USD is trading around $4,000, not far from the seven-month low of $3,941 touched on Tuesday.Fxstreet
Wed, Jul 1
WTI tumbles to four-month low below $69.50 as Hormuz traffic climbs
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.40 during the early European trading hours on Wednesday. The WTI price falls as the number of vessels transiting the Strait of Hormuz shows signs of recovery amid progress toward easing Middle East tensions.WTI holds losses near $69.50 amid US-Iran Doha talks
West Texas Intermediate (WTI) oil price remains subdued for the second successive day, trading around $69.70 per barrel during the Asian hours on Wednesday. Crude oil prices decline as supply concerns ease amid potential peace talks in Doha between the US and Iran.Gold flatlines near $4,000 as markets focus on US-Iran talks and upcoming employment data
Gold price (XAU/USD) trades on a flat note around $4,015 during the early Asian trading hours on Wednesday. Traders will closely monitor prospects for US-Iran talks in Doha after mixed messages from the US and Iran underscore the fragility of an interim peace deal reached earlier this month.Fxstreet
Tue, Jun 30
Silver Price Forecast: XAG trapped below $60 as bears eye $55
Silver price advances by over 1.50% on Tuesday, even as US Treasury yields rise and the US Dollar remains firm. Concerns about a fragile truce deal between the US and Iran keep the XAG/USD trading at $58.73, above its opening price.Fxstreet
Tue, Jun 30
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