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Gold surges past $4,850 as Hormuz reopening crushes the US Dollar
Gold (XAU/USD) price rallies on Friday ahead of the weekend, breaking past the $4,850 level and rising more than 1.50%, as the US-Iran conflict seems to be de-escalating after Iran reopened the Strait of Hormuz, easing inflationary pressures worldwide.Fxstreet
Fri, Apr 17
Silver Price Forecast: XAG/USD jumps on weaker Dollar, revived Fed rate‑cut bets
Silver (XAG/USD) surges on Friday, trading around $82.60 at the time of writing, up 5.40% on the day as the US Dollar (USD) weakens and markets reassess the outlook for United States (US) monetary policy.
Fxstreet
Fri, Apr 17
WTI Oil falls near $80 as Iran fully reopens Strait of Hormuz, easing supply fears
West Texas Intermediate (WTI) US Oil price collapses on Friday, trading near $81.50 at the time of writing after losing 9.12% during the day. The move marks a sharp acceleration lower after the Crude briefly surged above $90 earlier in the day before sellers took control.Gold Steady Near $4,800 as US-Iran Deal Hopes Grow, Fed Rate Cut Bets Return
Gold (XAU/USD) holds steady on Friday as expectations grow around a potential US-Iran peace agreement. At the time of writing, XAU/USD is trading around $4,807, up nearly 0.35% on the day, and remains on track for a fourth consecutive weekly gain.Silver Price Forecast: XAG/USD rebounds above $79 as weaker US Dollar supports demand
Silver (XAG/USD) rebounds on Friday, trading around $79.40 at the time of writing and gaining 1.25% on the day. The Silver price remains close to the $79 mark as investors monitor geopolitical developments and monetary policy expectations in the United States (US).Fxstreet
Fri, Apr 17
Silver Price Forecast: XAG/USD wobbles near $79, investors await US-Iran second round talks
Silver price (XAG/USD) trades calmly near $78.70 during the European trading session on Friday. The white metal is broadly sideways as investors await the announcement of a timeline for another round of talks between the United States (US) and Iran.
Fxstreet
Fri, Apr 17
IEA Chief Birol warns of higher energy prices if Strait of Hormuz is not reopened
The International Energy Agency (IEA) Chief Fatih Birol said on Friday that if the Strait of Hormuz is not reopened, we must prepare for significantly higher energy prices. Birol added that release of more emergency oil reserves is under considerationFeatured Tools
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