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Silver Price Forecast: RSI stays in oversold territory as XAG/USD struggles below $60
Silver (XAG/USD) steadies on Friday as the US Dollar (USD) and Treasury yields retreat after the latest US Personal Consumption Expenditures (PCE) inflation data showed underlying inflation remained relatively contained.
Fxstreet
Fri, Jun 26
Gold holds above $4,000 as US PCE data cools near-term Fed rate-hike bets
Gold (XAU/USD) steadies above the $4,000 mark on Friday as a softer US Dollar (USD) and lower Treasury yields provide support after the latest US Personal Consumption Expenditures (PCE) inflation report broadly met forecasts, reducing expectations of a near-term Federal Reserve (Fed) interest rate hFxstreet
Fri, Jun 26
Gold Price Forecast: XAU/USD holds immediate support below $4,000 as US Dollar corrects
Gold price (XAU/USD) trades 0.6% higher to near $4,050 during the European trading session on Friday. The precious metal recovers after discovering support near $3,960 in the past two trading days.
Fxstreet
Fri, Jun 26
Oil: Hormuz risks and fragile Iran deal – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights renewed security concerns for Oil as a cargo ship was hit near Oman, raising questions about safety in the Strait of Hormuz. Despite this, Brent trades around $73.8, at the lower end of its weekly range.
Fxstreet
Fri, Jun 26
WTI Oil struggles below $70 amid expectations of higher Middle East supply
Crude Oil prices edge lower on Friday, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $69.65 at the time of writing. This is the lowest price since February 27, one day before the US and Israel launched a joint attack on Iran.
Gold weakens back below $4,000 as Fed hike bets and Hormuz risks support safe-haven USD
Gold (XAU/USD) struggles to capitalize on the previous day's modest recovery move and meets with a fresh supply during the Asian session on Friday amid the emergence of some US Dollar (USD) dip-buying.Fxstreet
Fri, Jun 26
UN’s IMO pauses Strait of Hormuz evacuation plan after cargo ship attacked
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.Gold declines below $4,050 as US PCE inflation supports Fed hike bets
Gold price (XAU/USD) declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday.Fxstreet
Thu, Jun 25
Silver catches a bid, not a bottom
Silver enjoyed a rare green session on Thursday, and reading much into it would be a mistake. The metal bounced off a session low near 56.50, briefly spiking close to 59.00 just after the US data hit the wires, before fading back to around 58.00, up roughly 0.8% on the day.Fxstreet
Thu, Jun 25
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