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Gold firms as Oil prices fall on temporary US-Iran pause
Gold (XAU/USD) opens the week with a bullish gap on Monday as a temporary pause in attacks between the United States (US) and Iran improves risk sentiment and sends Oil prices sharply lower. At the time of writing, XAU/USD is trading around $4,102, up 1.24% on the day.Fxstreet
Mon, Jul 27
WTI drops to near $82.50 as US, Iran pause strikes for potential diplomacy
West Texas Intermediate (WTI) oil price opened at a bearish gap, down by over 7%, trading around $82.50 per barrel during the Asian hours on Monday. Crude oil prices declined after the United States (US) and Iran paused strikes over the weekend, following two weeks of direct attacks.Oil: Mounting supply risks and price pressures – Commerzbank
Commerzbank’s Charlie Lay notes that Brent and West Texas Intermediate (WTI) have pulled back after sharp gains, but underlying risks to Oil remain elevated. Escalation in the Persian Gulf and potential closure of the Strait of Bab al-Mandab are seen as key threats to supply routes.Gold edges higher as US-Iran diplomacy and weak oil weigh on USD ahead of FOMC meeting
Gold (XAU/USD) opens with a bullish gap at the start of a new week, though it struggles to capitalize on the momentum or find acceptance above the $4,100 mark as bulls seem reluctant ahead of the crucial FOMC meeting, starting on Tuesday.Fxstreet
Mon, Jul 27
Silver Price Forecast: XAG/USD jumps over 2% to near $60 on renewed US-Iran diplomacy hopes
Silver price (XAG) trades sharply higher near $60.00 during the Asian trading session on Monday. The white metal starts the week on a firm note as the pause in military aggression between the United States (US) and Iran has sent oil prices sharply lower.WTI remains heavily offered near $84.00 amid hopes for de-escalation in US-Iran conflict
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – opens with a bearish gap at the start of a new at the start of a new week and retreats further from its highest level since June 8, around the $92.25 zone, touched last Thursday.Gold gains despite firm US Dollar
Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XAU/USD trades at $4,065, up 0.38%.Fxstreet
Fri, Jul 24
Oil: Supply risks keep prices elevated – BNY
BNY’s Geoff Yu notes that Brent has retreated slightly below $100 but remains supported by renewed Middle East tensions, Red Sea and Strait of Hormuz disruptions, and Kazakhstan’s export halt. Institutional flows show high-conviction re-accumulation of energy exposure from a still-depleted base.Fxstreet
Fri, Jul 24
WTI Price Forecast: Bulls retest 100-day SMA as momentum stays bullish
West Texas Intermediate (WTI) eases on Friday as traders lock in profits following a 6% jump the previous day. However, the widening Middle East war limits the downside as supply risks intensify around two major energy-shipping routes, the Strait of Hormuz and Bab el-Mandeb.Featured Tools
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