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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.
Silver Price Forecast: XAG/USD tumbles to near $76 amid renewed concerns over Mideast peace
Silver price (XAG/USD) trades 2% lower to near $76.50 during the European trading session on Tuesday. The white metal resumes its downside journey after rising in the last four trading days, as financial market participants turn cautious over peace in the Middle East.
US Secretary of State Rubio: Strait of Hormuz will be open 'one way or the other
US Secretary of State Marco Rubio said that the Strait of Hormuz has to be open “one way or the other," the Guardian reported on Tuesday. Rubio added that negotiating deal language with Iran may take a few days.Fxstreet
Tue, May 26
Gold price rallies as Hormuz deal bets batter the US Dollar
Gold (XAU/USD) price edges up by over 1.30% on Monday amid thin trading due to the US Memorial Day holiday, yet sentiment remains positive as US equity futures are rising to new all-time highs, while the US Dollar dives. The XAU/USD pair trades at $4,570 after bouncing off daily lows of $4,519.Fxstreet
Mon, May 25
Gold rebounds as hopes for US-Iran deal weigh on US Dollar, Oil prices
Gold (XAU/USD) rebounds sharply on Monday as hopes for a US-Iran deal to end the war in the Middle East and reopen the Strait of Hormuz weigh on the US Dollar (USD) and Oil prices. At the time of writing, XAU/USD is trading around $4,556, up 1.0% on the day.
Fxstreet
Mon, May 25
WTI slips below $91.00 amid rising US-Iran peace hopes
West Texas Intermediate (WTI) oil price continues its losing streak for the fourth successive day, declining by nearly 5.5% and trading around $90.80 per barrel during the Asian hours on Monday. Crude oil prices drop on easing supply fears due to rising optimism over a potential US-Iran agreement.Gold Climbs Above $4,550 on US‑iran Deal Hopes
Gold price (XAU/USD) rises to near $4,570 during the early Asian trading hours on Monday. The precious metal attracts some buyers on weaker US Dollar (USD) after the reports that the United States (US) and Iran are closing in on a deal that would reopen the Strait of Hormuz.Fxstreet
Sun, May 24
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