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Oil: Strait of Hormuz reopening steadies crude prices– UOB
UOB Global Economics & Markets Research reports that Oil prices stabilized after comments from US Vice President JD Vance confirmed tankers carrying over 12 million barrels had crossed the Strait of Hormuz. Brent closed at $79.85 and WTI at $76.60.
Gold heads for third weekly loss as hawkish Fed overshadows US-Iran initial peace deal
Gold (XAU/USD) remains under pressure on Friday as traders assess the latest news about the US-Iran peace deal and the Federal Reserve's hawkish monetary policy announcement. At the time of writing, XAU/USD trades around $4,157 after hitting a one-week low of $4,123 earlier in the day.
Fxstreet
Fri, Jun 19
Gold: Fed hawkishness and Dollar strength weigh on prices – UOB
UOB Global Economics & Markets Research highlights that Gold eased as hawkish Fed signals and a stronger US Dollar pressured the metal. An interim US–Iran ceasefire reduced inflation fears and contributed to softer Oil, further dampening Gold’s appeal as an inflation hedge.Fxstreet
Fri, Jun 19
Silver Price Forecast: XAG/USD holds losses near $64.50 as US-Iran peace optimism fades
Silver price (XAG/USD) loses ground for the third successive day, trading around $64.70 per troy ounce during the European hours on Friday. Silver price remains under pressure as persistent concerns over inflation and high interest rates are revived by mounting oil supply anxieties.Fxstreet
Fri, Jun 19
WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the key
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.Silver Price Forecast: XAG/USD falls to near $70.50 due to Fed rate hike odds
Silver price (XAG/USD) extends its losses for the third successive day, trading around $64.40 per troy ounce during the Asian hours on Friday. Silver prices fall as the traders price in the hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.Fxstreet
Fri, Jun 19
Gold declines to near $4,200 as hawkish Fed stance offsets support from US-Iran peace deal
Gold price (XAU/USD) loses ground to near $4,210 during the early Asian session on Friday. The precious metal extends the decline after the US Federal Reserve (Fed) held interest rates steady in the June policy meeting but signaled rate hikes could come this year.Fxstreet
Thu, Jun 18
Gold retreats as Fed shock sends US Dollar to YTD highs
Gold (XAU/USD) price recoils by 0.70% on Thursday as traders continue to digest the Federal Reserve's (Fed) hawkish tilt, bolstering the Greenback and pushing it to a new year-to-date (YTD) high, a headwind for the yellow metal. The XAU/USD pair trades at $4,223 after reaching a high of $4,330.Fxstreet
Thu, Jun 18
WTI Oil tumbles as Strait of Hormuz deal optimism overrides US inventory drawdown
West Texas Intermediate (WTI) Oil declines to around $73.20 at the time of writing on Thursday, down 2.35% on the day, and hits its lowest level in three months as investors continue to price in the prospect of a lasting easing of tensions in the Middle East.Featured Tools
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