News
Important Only
PRECIOUS-Gold slides over 3% as Middle East tensions stoke inflation fears
March 23 (Reuters) - Gold prices slipped more than 3% on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.FUNDAMENTALSSpot gold XAU= was down 3.3% at $4,340.09 per ounce, as of 0Reuters
2 minutes ago
Gold Flash Crashes in Early Trading, $4,400 Mark Lost
TradingKey - In early Asian trade today (March 23), international spot gold prices experienced sharp volatility, rapidly breaking below the $4,400/oz key support level after the opening. Prices hit a session low of $4,319, with the decline widening to as much as 3.8% at one point. This marks the fir
TradingKey
24 minutes ago
WRAPUP 1-Iran threatens to retaliate against Gulf energy and water after Trump ultimatum
Tehran vows to strike Gulf infrastructure if US attacks Iranian power gridThreats add to worries in global marketsTehran says strait open to all but 'enemies'By Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSALEM/WASHINGTON, March 23 (Reuters) - Iran warned it would st...Reuters
41 minutes ago
Silver Price Forecast: XAG/USD hangs near multi-week low; seems vulnerable below $67.50
Silver (XAG/USD) falters after a modest Asian session bounce to the $69.60 area and trades with a negative bias for the fifth straight day on Monday. The white metal is currently placed just below mid-$67.00s, down 0.80% for the day, and seems vulnerable near a six-week low, touched last Thursday.
Fxstreet
an hour ago
Iran threatens to completely close Strait of Hormuz if US bombs power plants
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.Fxstreet
2 hours ago
Goldman Sachs Raises 2Q26 TTF Gas Forecast To 72 EUR/Mwh From 63 EUR/Mwh
March 23 (Reuters) - GOLDMAN SACHS: SAYS IT LIFTS 2Q26 TTF GAS FORECAST TO 72 EUR/MWH ($24.40/MMBTU), FROM 63 EUR/MWHSAYS IT RAISES 2Q26 JKM GAS PRICE FORECAST TO $26.90/MMBTU (FROM $23.35)SAYS IT RAISES 2028/2029 FORECASTS TO 19/16 EUR/MWH FOR TTF GAS (FROM 12/12 EUR/MWH) AND $6.90/$5.70 FOR JKM (F...Reuters
2 hours ago
Goldman Sachs raises 2026 Brent crude average price forecast by $8 to $85 a barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel from $77, and raised its West Texas Intermediate (WTI) forecast to $79/bbl from $72. "Due to uncertainty around the duration of the shock and assuming that Hormuz flows ...Reuters
2 hours ago
Gold falls to near $4,450 as inflation fears and rate hike prospects weigh on demand
Gold price (XAU/USD) tumbles to around $4,460 during the early Asian trading hours on Monday. The precious metal remains under selling pressure amid a stronger US Dollar (USD), rising bond yields and concerns about inflation linked to energy prices.Fxstreet
2 hours ago
WRAPUP 7-Iran threatens to retaliate against Gulf energy and water after Trump ultimatum
Tehran vows to strike Gulf infrastructure if U.S. attacks Iranian power gridThreats add to worries in global marketsTehran says strait open to all but 'enemies'Air raid sirens over Israel after scores injured overnightBy Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSALEM/...Reuters
2 hours ago
RPT-Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions
US waives sanctions on Iranian oil at sea for 30 daysIndia set to buy while other Asian refiners making checksAbout 170 million barrels Iranian oil on water - Kpler dataBy Nidhi Verma, Siyi Liu and Florence Tan NEW DELHI/SINGAPORE, March 21 (Reuters) - Indian refiners plan to resume buying Irania...Reuters
3 hours ago
UK's Starmer calls emergency meeting on economy as Iran war risks mount
By Andy Bruce MANCHESTER, England, March 22 (Reuters) - British Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the war in Iran on Monday, with finance minister Rachel Reeves and Bank of England Governor Andrew Bailey in attendance, the government sai...Reuters
4 hours ago
CERAWEEK-Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
CERAWeek organizers informed of Nasser's withdrawal, source saysAramco faces biggest challenges since COVID-19 and 2019 attacksKuwait state oil firm KPC's CEO to attend virtually, source saysAbu Dhabi wealth fund Mubadala executives unlikely to attend, source saysBy Maha El Dahan and Yousef ...Reuters
4 hours ago
Cuba restores power to Havana after second grid collapse in a week
Cuba's grid collapse affects 10 million peopleU.S. oil blockade impacts Cuba's energy infrastructureCuba blames U.S. embargo for economic failuresBy Dave Sherwood HAVANA, March 22 (Reuters) - Cuba had restored power to nearly half of the capital Havana by Sunday afternoon, officials said,...Reuters
5 hours ago
EXCLUSIVE-Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
CERAWeek organizers informed of Nasser's withdrawal, source saysAramco faces biggest challenges since COVID-19 and 2019 attacksKuwait state oil firm KPC's CEO to attend virtually, source saysAbu Dhabi wealth fund Mubadala executives unlikely to attend, source saysBy Maha El Dahan and Yousef ...Reuters
5 hours ago
Treasury's Bessent says US has 'plenty' of funds for Iran war
Bessent rules out tax hikes to fund warExtra funding needed to ensure military is well supplied for futureBessent defends moves to remove Iran, Russia oil sanctions WASHINGTON, March 22 (Reuters) - The U.S. government has "plenty of money" to fund the war against Iran, but is requesting s...Reuters
11 hours ago
Oil prices to rise further on Monday as Mideast war escalates
Trump gives Iran 48-hour ultimatum to reopen Hormuz Trump threatens to obliterate Iranian power plantsIran says to respond with attacks on Gulf energy, desalination facilitiesOil closed near 4-year high on Friday LONDON/SINGAPORE, March 22 (Reuters) - Oil prices look set to rise further on Monday...Reuters
12 hours ago
