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Gold steady near $4,760 as Iran talks weigh on US Dollar
Gold (XAU/USD) price remains steady on Friday, poised to finish the week with gains of almost 2% as the US Dollar tumbles amid optimism about Iran-US talks in Pakistan throughout the weekend. Also, a mildly high US inflation report trimmed the Federal Reserve's (Fed) dovish bets for 2026.Fxstreet
Fri, Apr 10
WH Sr. Adviser Hassett: We expect a rapid reduction in energy prices once the Strait of Hormuz opens
Kevin Hassett, Director of the National Economic Council, told FOX Business on Friday that the Federal Reserve (Fed) outlook for having room to cut rates will be very solid. He also claimed the Hormuz Strait can be reopened within two months, saying they have backup plans to reopen it.Fxstreet
Fri, Apr 10
Oil: Physical tightness and supply shocks reshape pricing – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights extreme dislocation in Oil markets, with North Sea Forties Blend near $147/bbl and Dated Brent far above futures as Iran’s control of the Strait of Hormuz cuts flows to 8% of normal.Gold: Slight upside risk with fragile ceasefire – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report Gold has rebounded in choppy trade on a fragile US–Iran ceasefire and direct Israel–Lebanon talks. With US nominal and real yields falling and risk sentiment improving, the bank sees risks to Gold prices somewhat skewed to the upside.Fxstreet
Fri, Apr 10
Gold: Constructive longer‑term outlook despite volatility – ING
ING strategists Ewa Manthey and Warren Patterson highlight that Gold is edging higher and on track for a third consecutive weekly gain, supported by diplomatic optimism on Iran, central‑bank demand and rising inflation expectations.Fxstreet
Fri, Apr 10
WTI Crude Oil nears $93.00, with the Strait of Hormuz practically closed
Oil prices are ticking up for the second consecutive day on Friday. The US benchmark West Texas Intermediate (WTI) Oil has returned to levels near $93.00 per barrel, as restrictions in the Strait of Hormuz keep a de facto blockade in place, adding strain to an already frail ceasefire deal in Iran.Gold: Rangebound trade before US CPI – DBS
DBS Group Research economist Eugene Leow notes that Gold has been consolidating in a tight range despite sharp moves in energy markets, as traders await key US CPI data. The report highlights stronger institutional demand, with rising ETF holdings after late-March weakness.Fxstreet
Fri, Apr 10
WTI Price Forecast: Declines below $92.00 but holds bullish bias ahead of US–Iran talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.75 during the early European trading hours on Friday. The WTI price declines as traders brace for the outcome of make-or-break talks between the US and Iran on Saturday in Pakistan.Featured Tools
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