Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
Oil Rises as Uncertainty Grows Around the U.S.-Iran Truce
As of 06:45 GMT, Brent crude rose 51 cents, or 0.64%, to USD 80.36 per barrel. U.S. West Texas Intermediate crude gained USD 1.28, or 1.7%, to USD 77.88 per barrel. However, both benchmarks were still headed for a weekly loss of around 8%.
Gold Heads for Third Weekly Loss as Strong Dollar and Hawkish Fed Signals Weigh
At the time of writing, spot gold was down 0.5% at USD 4,189.26 per ounce. U.S. gold futures for August delivery fell 0.9% to USD 4,207.80 per ounce.
Gold and Silver Fall Sharply After Hawkish Signals from the Fed
Dollar Cautious Ahead of Kevin Warsh’s First Fed Meeting
Although markets largely do not expect the Fed to change interest rates at this meeting, investors are paying close attention to the policy statement, economic projections, dot plot, and the post-meeting press conference. These will be key factors in helping markets assess the Fed’s communication style and policy direction under its new leadership.
Other articles
Gold Remains in Consolidation, but the Long-Term Bullish Outlook Is Still Intact
Gold prices are still holding on to solid gains after testing the key support zone around USD 4,000 per ounce. However, according to some market strategists, the precious metal remains trapped in a broad consolidation phase as investors wait for clearer signals on interest rates and inflation.
Gold Steady as Investors Await Details of U.S.-Iran Peace Deal
At the time of writing, spot gold was up 0.2% at $4,315.87 per ounce, after rising as much as 3.6% on Monday and reaching its highest level since June 5. Meanwhile, U.S. gold futures for August delivery fell 0.3% to $4,337.10 per ounce.
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GOLD PRICES GAP SHARPLY HIGHER AT THE START OF THE WEEK – HAS THE UPTREND RETURNED?
Gold prices jumped by more than 2% at the start of the week as market sentiment improved following reports that U.S. and Iranian officials had reached preliminary agreements aimed at easing conflict tensions.