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Yemen's Houthis say they attacked a Saudi oil tanker in the Red Sea, Gulf of Aden
Yemen’s Iran-backed Houthis said that they had launched a missile attack on a Saudi oil tanker off the coast of the kingdom's Red Sea port city of Yanbu and another missile attack on a Saudi oil tanker in the Gulf of Aden, Reuters reported on Wednesday.
Forex Today: Gold surges above $4,240 as US labor data crumbles
Metals were the biggest earners of the day on Wednesday, with Gold surging more than 4% to trade near $4,247 per troy ounce and Silver rallying almost 5% toward $62.20 amid a softer-than-expected US labor market report, with a slowdown in private hiring.Fxstreet
Wed, Aug 5
Gold rallies as Iran-US deal seems closer ahead of NFP
Gold (XAU/USD) price surges to its highest level in nearly seven weeks, gaining nearly 3.80% on Wednesday as the Greenback loses ground and US Treasury yields fail to gain traction. The XAU/USD pair trades at $4,232, its highest level since June 18, after bouncing off daily lows of $4,065.Fxstreet
Wed, Aug 5
WTI holds near three-week low as traders await Hormuz agreement
West Texas Intermediate (WTI) Crude Oil remains under pressure on Wednesday but struggles to attract fresh selling as traders await confirmation that commercial shipping through the Strait of Hormuz will resume. At the time of writing, WTI trades around $74 per barrel, hovering near three-week lows.Silver Price Forecast: Daily momentum improves, but weekly outlook stays bearish
Silver (XAG/USD) jumps more than 4% on Wednesday as weaker-than-expected US ADP employment data and easing energy-driven inflation prompt traders to scale back expectations for Federal Reserve (Fed) rate hikes. At the time of writing, XAG/USD trades around $62.30, near its highest level in a month.Fxstreet
Wed, Aug 5
Gold advances to one-month high as Hormuz reopening hopes ease inflation fears
Gold (XAU/USD) climbs to a one-month high on Wednesday as renewed optimism over the reopening of the Strait of Hormuz sends Oil prices lower. At the time of writing, XAU/USD trades around $4,155, up nearly 1.90% on the day.Fxstreet
Wed, Aug 5
WTI recovers part of its losses, caught between technical rebound, diplomatic optimism
West Texas Intermediate (WTI) trades around $75.50 on Wednesday at the time of writing, up 1.56% on the day, as investors take advantage of a technical rebound following the more than 5% decline recorded in the previous day.Gold Price Forecast: XAU/USD hits fresh weekly highs beyond the top of a triangle pattern
Gold (XAU/USD) has accelerated its recovery on Wednesday, favoured by a softer US Dollar as lower Oil prices and downbeat US macroeconomic data cooled market expectations of Federal Reserve (Fed) rate hikes on Tuesday.Fxstreet
Wed, Aug 5
Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout
Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.Fxstreet
Wed, Aug 5
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