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Gold sinks to two-month lows as doubts on Middle East deal revive USD demand
Gold (XAU/USD) plungesmore than 1% on Wednesday as the Greenback recovers some ground, pairing some of its earlier losses, while risk appetite shifted to neutral amid speculation that US-Iran negotiations could stall. At the time of writing, XAU/USD trades at $4,443, its lowest level since March 30.
Fxstreet
Wed, May 27
Gold extends downside despite cautious optimism surrounding US-Iran negotiations
Gold (XAU/USD) struggles to attract buying interest on Wednesday, even as the US Dollar (USD) and Oil prices trade on the back foot, with markets remaining cautiously optimistic that the United States (US) and Iran could eventually reach a deal to end the war in the Middle East.Fxstreet
Wed, May 27
WTI slumps below $91.00 on US–Iran peace progress while fresh strikes cloud outlook
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.75 during the early European trading hours on Wednesday. The potential downside for crude oil prices might be limited as fresh US strikes on Iran dashed hopes of a Middle East breakthrough.Gold remains on the back foot as Iran risks and hawkish Fed bets underpin US Dollar
Gold (XAU/USD) struggles to capitalize on its modest Asian session uptick on Wednesday and seems vulnerable near the $4,500 psychological mark as persistent geopolitical uncertainties continue to act as a tailwind for the US Dollar.Fxstreet
Wed, May 27
Gold declines to near $4,500 as renewed US‑Iran tensions, Fed tightening bets weigh
Gold price (XAU/USD) loses ground to around $4,500 during the early Asian session on Wednesday. The precious metal extends the decline as fresh US military strikes on Iran dimmed hopes of a peace deal and reinforced concerns that persistent inflation could keep interest rates higher for longer.Fxstreet
Wed, May 27
Gold dives as Hormuz clash boosts the US Dollar
Gold (XAU/USD) price tumbles more than 1.60% on Tuesday as the US Dollar (USD) strengthens on renewed haven demand following US strikes in southern Iran. At the time of writing, XAU/USD trades below the $4,500 mark after reaching a daily high of $4,580.Fxstreet
Tue, May 26
Silver Price Forecast: XAG/USD consolidates with bearish undertone below key moving averages
Silver (XAG/USD) trades on the back foot on Tuesday, pressured by a firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations amid ongoing tensions in the Middle East. At the time of writing, XAG/USD is trading around $76.43, down nearly 2.0% on the day.Fxstreet
Tue, May 26
Gold slips as markets weigh renewed US-Iran escalation amid ongoing negotiations
Gold (XAU/USD) loses ground on Tuesday as the US Dollar (USD) and Oil prices rebound after renewed US military strikes in southern Iran dampen hopes for a quick end to the Middle East war. At the time of writing, XAU/USD is trading around $4,511, easing from an intraday high of $4,580.Fxstreet
Tue, May 26
Brent: War headlines drive sharp swings – Deutsche Bank
Deutsche Bank’s Jim Reid and team note that Brent Oil has fallen sharply as hopes build for a deal to end the Iran war, with prices dropping back below $100. The bank links recent Oil weakness to reduced stagflation fears and lower inflation expectations.Fxstreet
Tue, May 26
WTI extends recovery from two-week low, approaches $92.00 on US-Iran and Hormuz risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – regains some positive traction on Tuesday and recovers a part of the previous day's heavy losses to the $88.75-$88.70 region, or over a two-week low.Featured Tools
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