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WTI slumps to near $93.00 as Israel, Lebanon agree to renew ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.10 during the early European trading hours on Thursday. The WTI price falls as a ceasefire agreement between Israel and Lebanon renewed hopes for diplomatic progress.Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD
Gold (XAU/USD) gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar (USD) and supports the commodity.Fxstreet
Thu, Jun 4
US President Donald Trump says he won’t restart all-out war with Iran unless US troops are killed
US President Trump has told aides that he would consider ending the ceasefire with Iran if Tehran kills US troops, the Wall Street Journal reported on Thursday. Trump insisted that the weekslong pause in airstrikes remains intact despite a steady stream of violent skirmishes.Fxstreet
Thu, Jun 4
Gold slumps to near $4,450 as strong US jobs data reinforce higher-rate bets
Gold price (XAU/USD) falls to around $4,450 during the early Asian session on Thursday. The precious metal attracts some sellers amid rising expectations that the US Federal Reserve (Fed) will raise interest rates this year.Fxstreet
Wed, Jun 3
WTI Crude Oil rises to near two-week high on US-Iran uncertainty, EIA stockpile draw
West Texas Intermediate (WTI) crude Oil climbs to its highest level in nearly two weeks on Wednesday as renewed hostilities in the Middle East dent hopes of a near-term US-Iran deal that could reopen the Strait of Hormuz.US Treasuries lost their crown: Why central banks are betting on Gold
Gold has become the top reserve asset in global central banks’ vaults, surpassing US Treasuries, suggesting that the precious metal is becoming the main choice for monetary authorities seeking protection against geopolitical uncertainty.Fxstreet
Wed, Jun 3
WTI Crude Oil surges on renewed Iran Gulf tensions, sharp US inventory drawdown
West Texas Intermediate (WTI) advances toward $94.00 at the time of writing, up 2.52% on the day, supported by a fresh escalation of geopolitical tensions in the Middle East and growing concerns about global Oil supplies.Gold declines as Middle East tensions and higher-for-longer Fed outlook weigh
Gold (XAU/USD) trades lower on Wednesday as escalating tensions in the Middle East dampen hopes for a near-term US-Iran peace deal. At the time of writing, XAU/USD is trading around $4,455, down nearly 1.85% so far this week.Silver price declines as stronger Dollar, US-Iran tensions weigh on precious metals
Silver (XAG/USD) trades around $74.50 on Wednesday at the time of writing, down 0.88% on the day. The white metal is facing selling pressure as the US Dollar (USD) continues to recover, supported by escalating geopolitical tensions in the Middle East.Fxstreet
Wed, Jun 3
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