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Gold climbs as US-Iran talks make progress, Fed rate hike bets cap upside
Gold (XAU/USD) edges higher on Monday as traders react to signs of progress in US-Iran negotiations following the first round of direct talks held earlier in the day in Switzerland, with Pakistan and Qatar acting as mediators.
Fxstreet
Mon, Jun 22
US VP Vance: Set up mechanism to keep the Hormuz open
United States (US) Vice President (VP) JD Vance said during the European trading session on Monday that mechanisms have set up to keep the Strait of Hormuz, a vital passage to almost 20% of global energy supply, open, and stop hostilities in Lebanon.
Silver Price Forecast: XAG/USD holds gains near $66.00 on US-Iran peace progress
Silver price (XAG/USD) advances after three days of losses, hovering around $66.00 per troy ounce during the European hours on Monday. However, Silver price gains ground as oil prices and inflation concerns ease following a positive development regarding the United States (US)-Iran peace deal.Fxstreet
Mon, Jun 22
WTI Price Forecast: In a bearish channel, with the $75 level under pressure
Crude Oil reversed previous gains and resumed its decline on Monday as news reports indicated progress in US-Iran talks. The US benchmark West Texas Intermediate (WTI) barrel has dropped about $2.5 from session highs and is wavering around $75.00 at the time of writing,Gold price extends selloff as Fed repricing lifts USD and yields
Gold (XAU/USD) price edges lower by some 1.69% on Friday, poised to end with losses for the third consecutive week.At the time of writing, XAU/USD trades at $4,147, weighed by overall US Dollar strength sparked by the Federal Reserve's (Fed) decision to keep interest rates higher for longer.Fxstreet
Fri, Jun 19
Silver extends losses as hawkish Fed, ceasefire curb demand
Silver (XAG/USD) trades around $64.85 on Friday at the time of writing, down 1.31% on the day. The white metal remains under pressure for a third consecutive day as investors reassess the outlook for US monetary policy and developments in the Middle East.Fxstreet
Fri, Jun 19
Oil: Strait of Hormuz reopening steadies crude prices– UOB
UOB Global Economics & Markets Research reports that Oil prices stabilized after comments from US Vice President JD Vance confirmed tankers carrying over 12 million barrels had crossed the Strait of Hormuz. Brent closed at $79.85 and WTI at $76.60.Gold heads for third weekly loss as hawkish Fed overshadows US-Iran initial peace deal
Gold (XAU/USD) remains under pressure on Friday as traders assess the latest news about the US-Iran peace deal and the Federal Reserve's hawkish monetary policy announcement. At the time of writing, XAU/USD trades around $4,157 after hitting a one-week low of $4,123 earlier in the day.Fxstreet
Fri, Jun 19
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