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WTI Oil extends decline as Hormuz traffic normalizes, US Iran waiver lifts supply
West Texas Intermediate (WTI) US Oil trades around $69.30 at the time of writing, down 0.65% on Thursday. The American benchmark Crude is now posting a fourth consecutive day of losses, weighed down by a convergence of supply-side factors reshaping market expectations.
Gold Price Forecast: XAU/USD holds onto losses below $4,000 ahead of US PCE Inflation data
Gold price (XAU/USD) clings to Wednesday’s losses near $3,985 during the European trading session on Thursday. The yellow metal remains under severe pressure as traders seem confident that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.Fxstreet
Thu, Jun 25
Gold consolidates near seven-month low ahead of US PCE report
Gold (XAU/USD) consolidates modest losses on Thursday as traders reduce exposure ahead of the US Personal Consumption Expenditures (PCE) Price Index report, due at 12:30 GMT. At the time of writing, XAU/USD trades around $3,983, hovering near the more than seven-month low touched on Wednesday.Fxstreet
Thu, Jun 25
Oman rules out fears of toll on Hormuz
Oman’s Foreign Ministry says during the European trading session on Thursday that future arrangements for the Strait of Hormuz, a critical passage to almost 20% of global energy supply, do not entail transit tolls, state media agency reported.Fxstreet
Thu, Jun 25
WTI falls to near $69.00 amid rising oil supply odds from Middle East
West Texas Intermediate (WTI) oil price loses ground for the fourth consecutive day, trading around $69.20 per barrel during European hours on Thursday. Crude oil prices are facing strong headwinds as market expectations point to a significant surge in supply from the Middle East.Gold: Slide below $4,000 tests key supports – Societe Generale
Societe Generale analysts note that Gold has broken below its 200-day moving average and the March trough, triggering an accelerated decline. Prices are drifting toward last October’s $3,930–3,885 support zone, with a potential rebound hinging on holding this area.Fxstreet
Thu, Jun 25
Equities: Tech earnings offset Oil volatility – Danske Bank
Danske Research Team notes global equities ended slightly lower, with energy and materials dragging, but sector dispersion remained wide. Lower Oil prices are seen as a relief for consumers, while strong Micron results reinforced confidence in technology earnings.Fxstreet
Thu, Jun 25
Israel says IDF will stay in southern Lebanon despite US pressure
The Israeli defence minister, Israel Katz, said that the Israeli military would not withdraw from southern Lebanon despite pressure from the United States (US) as fighting in Lebanon continues to be an obstacle to permanent peace, the Guardian reported on Thursday.Fxstreet
Thu, Jun 25
Gold falls to seven-month low below $4,000 on rising Fed hike bets, traders brace for US PCE data
Gold price (XAU/USD) tumbles to around $3,995 during the early Asian session on Thursday. The precious metal extends the decline to below the $4,000 psychological level for the first time since November 2025 on the prospect of higher interest rates and a stronger US Dollar (USD).Fxstreet
Wed, Jun 24
WTI slides to its lowest level since March as shipping through Hormuz gradually normalizes
West Texas Intermediate (WTI) crude Oil extends its decline on Wednesday, falling more than 3% as stranded crude cargoes in the Strait of Hormuz gradually return to the market following an interim peace agreement between the United States (US) and Iran.Gold price breaks below $4,000 as US Dollar hits 13-month high
Gold (XAU/USD) price collapses by over 3% on Wednesday during the North American session amid broad US Dollar strength, despite US Treasury yields tumble on speculation that the reopening of the Strait of Hormuz could ease inflationary pressures.Fxstreet
Wed, Jun 24
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