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WTI Price Forecast: Struggles near one-month low, vulnerable around $87.00/below 50% Fibo.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a negative bias for the third straight day on Friday and trades around the $87.00 mark during the Asian session, close to a one-month low touched the previous day.
Gold pauses recovery as firm US inflation reaffirms Fed hike bets amid Iran uncertainty
Gold (XAU/USD) struggles to capitalize on the previous day’s solid rebound from the $4,367-$4,366 area, or its lowest level since March 27, and oscillates in a narrow band during the Asian session on Friday.
Fxstreet
Fri, May 29
Gold rebounds from two-month lows as Iran deal hopes weaken USD
Gold (XAU/USD) stages a comeback, surging over 1.20% on Thursday after rebounding from two-month lows near $4,366, as market sentiment improves on speculation of a peace deal between the US and Iran. At the time of writing, XAU/USD trades at $4,500.Fxstreet
Thu, May 28
WTI reverses gains as hopes for US-Iran agreement improve sentiment
West Texas Intermediate (WTI) crude Oil sees sharp two-way price swings on Thursday as traders track rapidly changing US-Iran developments. At the time of writing, WTI is trading little changed around $88 per barrel after hitting an intraday high of $91.27.Gold drops to fresh two-month low as markets focus on inflation risks, US PCE data
Gold (XAU/USD) falls to a fresh two-month low on Thursday as renewed attacks in the Middle East keep traders doubtful about a quick end to the US-Iran war. At the time of writing, XAU/USD is trading at $4,386 after hitting an intraday low of $4,366.Gold Price Forecast: Trades near two-month low ahead of US PCE Inflation data
Gold price (XAU/USD) trades 1.43% lower to near $4,390 during the European trading session on Thursday, close to its fresh two-month low of $4.366.56 posted earlier in the day. The precious metal faces intense selling pressure as renewed Middle East crisis have prompted oil prices.Fxstreet
Thu, May 28
Silver Price Forecast: XAG/USD rebounds to near $73.50; outlook remains uncertain
Silver price (XAG/USD) recovers to near $73.50 during the European trading session on Thursday from its fresh four-week low of $71.79 posted earlier in the day. The recovery move in the Silver price appears to be short-lived, as it lacks fundamental backing.Oil: Geopolitics weigh on prices – Rabobank
Rabobank’s Global Strategist Michael Every notes that Oil prices remain below $100 even as geopolitical risks escalate in the Middle East. Every highlights US-Iran tensions, threats over the Strait of Hormuz, and ongoing military actions.Fxstreet
Thu, May 28
Brent: Crude breaks lower on US-Iran optimism – MUFG
MUFG’s Lloyd Chan reports that Brent has fallen below earlier May lows, with prices dropping to around $94 per barrel. He attributes the move to growing optimism over a potential US‑Iran deal, though he stresses that uncertainty over an imminent breakthrough remains.Fxstreet
Thu, May 28
WTI rebounds from three-week low, reclaims $91.00 as Mideast tensions persist
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains some positive traction during the Asian session on Thursday and recovers a major part of the previous day's losses to its lowest level since April 21.Crude Oil prices a deal the White House calls a lie
Iran's state broadcaster said Wednesday that Tehran had received an initial draft of a 14-point Memorandum of Understanding (MOU) framework with the United States, one that would reopen the Strait of Hormuz, lift the US naval blockade on Iranian ports, and pull US forces back from Iranian territory.Featured Tools
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