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Gold pauses near three-month high after sharp rally
Gold (XAU/USD) loses ground on Tuesday after setting a fresh three-month high of $4,697 earlier in the Asian session. Traders appear to be booking some profits following the recent rally, which has pushed the Relative Strength Index (RSI) into overbought territory.Fxstreet
Tue, Aug 25
WTI slides below $84.00 on firmer USD but US-Iran tensions limit deeper losses
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers following an intraday uptick to the $85.35 region and turns lower for the second straight day. The commodity slides below $84.00 during the early European session, though the downside potential seems limited.Silver Price Forecast: XAG/USD corrects below $68 in countdown to US PCE Inflation data
Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday.Fxstreet
Tue, Aug 25
Silver Price Forecast: XAG pullback tests 100-day SMA
Silver price reverses course on Monday, down 0.59% as buyers failed to push the white metal past the $70.00, which exacerbated a reversal, to the first support level seen at the 100-day Simple Moving Average (SMA) at $68.42. At the time of writing, XAG/USD trades at $68.52, afer peaking at $69.92.Fxstreet
Mon, Aug 24
Gold rallies as Iran sanctions stoke haven demand
Gold (XAU/USD) price resumes its advance on Monday and refreshes three-month highs at $4,681 as US Treasury Secretary Scott Bessent crosses the wires to reveal sanctions on Iran-linked entities, while investors await a speech by new Fed Chair Kevin Warsh at the Jackson Hole symposium on Friday.Fxstreet
Mon, Aug 24
WTI Price Forecast: 100-day SMA caps upside near $85
West Texas Intermediate (WTI) Oil trades on the back foot on Monday after gaining more than 5% last week. The pullback comes even as the broader backdrop remains largely unchanged, with Middle East tensions elevated and shipping through the Strait of Hormuz still heavily restricted.WTI Oil retreats toward $85 ahead of US economic offensive against Iran
West Texas Intermediate (WTI) US Oil falls 1.55% on Monday and trades around $85.00 at the time of writing, giving back some of its recent gains as investors take profits ahead of the announcement of new US sanctions against Iran.Featured Tools
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