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Gold slips as Iran uranium demands complicate US-Iran negotiations
Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of writing, XAU/USD trades around $4,507, down nearly 0.80% on the day.
Fxstreet
Thu, May 21
IEA Chief Birol: Oil markets could enter red zone in July-August
International Energy Agency (IEA) Chief Fatih Birol said during the European trading session on Thursday that oil markets could enter "red zone" in July-August as stockpiles deplete and summer demand firms. Birol added, “My hope is that the Strait of Hormuz will open fully and unconditionally.”Fxstreet
Thu, May 21
Oil: Prices slide on Iran deal hopes – MUFG
MUFG notes that the dominant macro driver for Asian markets is the US–Iran conflict and its impact on Strait of Hormuz energy flows, which had pushed global long-bond yields to post-2008 highs and pressured oil-importing Asian currencies.Fxstreet
Thu, May 21
US President Donald Trump says negotiations with Iran in final stages
US President Donald Trump said that negotiations with Iran were in the final stages, Bloomberg reported on Wednesday. However, Trump also reiterated a pledge to restart attacks in the coming days if Iran doesn’t agree to his terms.Gold holds steady near $4,550 as market eyes Middle East developments
Gold price (XAU/USD) trades on a flat note around $4,540 during the early Asian session on Thursday. Traders continue to assess the developments surrounding stalled US-Iran peace negotiations and threats to the Strait of Hormuz.Fxstreet
Wed, May 20
Silver Price Analysis: Bullish harami forms, eyes on $80 breakout
Silver price advances during the North American session as it forms a ‘bullish harami’ candle chart pattern, an indication that further upside is seen in the short term. At the time of writing, the XAG/USD trades at $75.85, up more than 3%.Fxstreet
Wed, May 20
Gold rallies as Fed minutes flag hikes, US Dollar slides
Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%.Fxstreet
Wed, May 20
WTI snaps four-day rally as traders assess US-Iran talks and Hormuz flows
West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz.Featured Tools
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