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Brent: Oil holds above 110 as Strait risk persists – Deutsche Bank
Deutsche Bank analysts report Brent Oil trading above $110 per barrel as the Strait of Hormuz remains constrained, sustaining a tight link between Oil and global yields.
Brent
Fxstreet
Wed, May 20
Silver Price Forecast: XAG/USD rebounds above $75, higher Treasury yields limit upside
Silver price (XAG) trades 2% higher to near $75.20 during the European trading session on Wednesday. The white metal recovers from its almost two-week low of $73.10 posted the previous day.
Silver
US Dollar Index
Fxstreet
Wed, May 20
WTI Price Forecast: More gains look likely above $107 as Trump threatens military attacks on Iran
West Texas Intermediate (WTI), futures on NYMEX, trade almost 1.5% lower to near $101.80 during the European trading session on Wednesday.
Brent
WTI
Fxstreet
Wed, May 20
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold
Fxstreet
Wed, May 20
Gold drops to fresh low since late March on firmer USD and hawkish Fed bets
Gold (XAU/USD) drops to a fresh low since March 30 following an Asian session uptick to levels just above the $4,500 mark on Wednesday, and seems vulnerable to a further decline amid a bullish US Dollar (USD).
Gold
Fxstreet
Wed, May 20
WTI drifts lower below $103.50 as traders weigh mixed signals from Trump
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.20 during the Asian trading hours on Wednesday. The WTI price trades with mild losses as traders weigh mixed signals from US President Donald Trump on whether the United States (US) will resume the Iran war.
Brent
WTI
Fxstreet
Wed, May 20
Gold Falls Below $4,500 on Rising Global Rate Hike Bets
Gold price (XAU/USD) faces some selling pressure near $4,480 during the early Asian session on Wednesday. The precious metal drops to its lowest since March 30 as persistent inflation fears keep interest rate hike expectations and Treasury yields high.
Gold
Fxstreet
Wed, May 20
US President Donald Trump Says US May Strike Iran Again If There’s No Deal Soon
US President Donald Trump threatened to resume attacks on Iran in “two or three days” as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported on Tuesday.
Brent
US Dollar Index
WTI
Fxstreet
Wed, May 20
WTI Crude Oil claws back the Hormuz premium Trump tried to cancel
The Crude Oil market spent Tuesday teaching the headline writers a lesson.
WTI
Brent
Fxstreet
Tue, May 19
United States API Weekly Crude Oil Stock registered at -9.1M, below expectations (-3.4M) in May 15
United States API Weekly Crude Oil Stock registered at -9.1M, below expectations (-3.4M) in May 15
Brent
Fxstreet
Tue, May 19
XAG/USD Price Forecast: Silver struggles below key moving averages amid hawkish Fed bets
Silver (XAG/USD) remains under pressure on Tuesday as a stronger US Dollar and rising US Treasury yields continue to weigh on the precious metal amid growing expectations that the Federal Reserve (Fed) may need to raise interest rates to tackle rising Oil-driven inflation pressures.
Silver
Fxstreet
Tue, May 19
Gold price plunges as Oil shock sends yields soaring
Gold (XAU/USD) price falls over 1.3% on Tuesday as the Greenback posts solid gains underpinned by US Treasury yields, with the 10-year note yield near a 16-month peak. At the time of writing, XAU/USD trades at $4,506 after reaching a high of $4,589.
Gold
Fxstreet
Tue, May 19
WTI extends four-day rally as Trump pauses Iran strike but supply risks persist
West Texas Intermediate (WTI) trades around $103.20 at the time of writing on Tuesday, up 1.16% on the day and extending its advance for a fourth consecutive day.
WTI
Brent
Fxstreet
Tue, May 19
Oil: UAE exit, NOPEC risk and cartel fragmentation – Rabobank
Rabobank’s energy team sees the UAE’s departure from OPEC (Organization of Petroleum Exporting Countries) as a potential catalyst for further cartel erosion and structurally lower Oil prices.
Brent
WTI
Fxstreet
Tue, May 19
Oil: Supply risks and Russian waiver extension – ING
ING analysts Warren Patterson and Ewa Manthey say Oil remains volatile as Iran-related risks and supply disruptions in the Persian Gulf keep prices in wide ranges. They highlight a fresh US waiver allowing Russian Oil floating at sea to be sold for another 30 days, which should help Asian buyers.
Brent
Fxstreet
Tue, May 19
Brent: Backwardation cushions risk assets – Deutsche Bank
Deutsche Bank’s Henry Allen notes that despite the Iran conflict and higher long-dated Oil prices, risk assets and equities have remained resilient as the Brent curve stays heavily backwardated.
Brent
Fxstreet
Tue, May 19
Silver retreats as firm US Dollar, higher yields weigh on precious metals
Silver (XAG/USD) remains under pressure on Tuesday and trades around $76.00 at the time of writing, down 2.13% on the day.
Silver
Fxstreet
Tue, May 19
Gold softens as firm US Dollar, higher yields and rising Fed hike bets weigh
Gold (XAU/USD) trades on the back foot on Tuesday as traders closely monitor developments surrounding the US-Iran negotiations and amid a broad macroeconomic background linked to the prolonged conflict that continues to weigh on the precious metal.
Gold
Fxstreet
Tue, May 19
Gold Price Forecast: Near-term bias remains bearish as 20-day EMA slops downwards
Gold price (XAU/USD) trades 0.55% lower at around $4,540 during the European trading session on Tuesday. The yellow metal faces selling pressure as United States (US) Treasury Yields remain broadly firm due to expectations that the Federal Reserve (Fed) will not cut interest rates this year.
Gold
Fxstreet
Tue, May 19
Oil: Markets wait for direction on Gulf conflict – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil remains directionless as the Gulf conflict oscillates between negotiation and potential escalation.
Brent
Fxstreet
Tue, May 19
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