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Gold extends sell-off ahead of US CPI inflation data
Gold (XAU/USD) slides to fresh 11-week lows on Wednesday as mounting speculation that the Federal Reserve (Fed) could raise interest rates later this year weighs on demand for the non-yielding metal. At the time of writing, XAU/USD is trading around $4,163, down 2.30% on the day.
Fxstreet
Wed, Jun 10
United States: Oil-driven price pressures and policy focus – UBS
UBS Chief Economist Paul Donovan expects May United States (US) headline consumer price inflation to rise as higher Oil-related costs are passed through to consumers. He notes firms can protect profit margins by raising prices while demand holds, with US consumers drawing on savings.
Fxstreet
Wed, Jun 10
Oil: Hormuz risks and hidden flows – Rabobank
Rabobank’s Global Strategist Michael Every highlights that Oil prices fell as the United States (US) energy secretary reported rising Hormuz transits, with evidence the US Navy may be moving more crude through the Strait than official data show.Fxstreet
Wed, Jun 10
Iran's Araghchi warns Gulf states have legal and moral responsibility to prevent US, Israeli strikes
Iran's Foreign Minister Abbas Araghchi warned that its neighbours in the Gulf have a “legal and moral responsibility” to prevent American and Israeli strikes, the Guardian reported on Wednesday.Fxstreet
Wed, Jun 10
Gold plummets below $4,200 as US‑Iran tensions spur hawkish rate bets ahead of US CPI
Gold (XAU/USD) extends the recent breakdown momentum below a technically significant 200-day Simple Moving Average (SMA) and drops to a fresh low since March 23, further below the $4,200 mark during the Asian session on Wednesday.Fxstreet
Wed, Jun 10
Gold slumps below $4,250 on renewed US-Iran tensions, US CPI data in focus
Gold price (XAU/USD) attracts some sellers to around $4,235, the lowest since March 23, during the early Asian session on Wednesday. The precious metal extends its downside on renewed tensions in the Middle East and rising expectations of a US interest rate hike this year.Fxstreet
Tue, Jun 9
Gold price tumbles below $4,250 as Trump vows response to helicopter strike
Gold (XAU/USD) price plunges nearly 2% on Tuesday as tensions in the Middle East escalate afterUS President Donald Trump vowed a response to Iran's downing of a US helicopter near the Strait of Hormuz. At the time of writing, XAU/USD trades below $4,250, down 1.93% on the day.Fxstreet
Tue, Jun 9
Silver Price Forecast: XAG/USD bears target $60 as selling pressure intensifies
Silver (XAG/USD) tumbles more than 3.5% on Tuesday as price action remains driven by rapidly changing headlines surrounding the Middle East war. At the time of writing, XAG/USD is trading around $65.50, its lowest level since March 23.Fxstreet
Tue, Jun 9
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