Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
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.
Euro Holds Steady as Markets Await ECB Rate Decision, Dollar Remains Muted
The euro edged slightly higher to USD 1.1551, but remained near the lower end of its recent trading range. Pressure on the common currency mainly came from growing market expectations that the U.S. Federal Reserve may maintain a tighter monetary policy stance in the near term.
Gold Extends Losses as U.S. Rate-Hike Fears Return
Gold prices remained under pressure at the start of the week as investors grew more concerned that the Federal Reserve may raise interest rates. At the same time, renewed tensions in the Gulf pushed oil prices higher, fueling inflation concerns and adding further pressure on the precious metal.
Iran’s Threat to Bab el-Mandeb: A New Risk That Could Shake the Global Oil Market
The global oil market is facing a new geopolitical risk as Iran threatens to close the Bab el-Mandeb Strait, a strategic shipping route that connects the Red Sea with the Gulf of Aden and the Arabian Sea.
Other articles
Gold Falls Sharply as Strong U.S. Jobs Data Revives Fed Rate-Hike Concerns
Gold prices experienced a volatile week as geopolitical uncertainty offered only limited safe-haven support, while stronger U.S. labor data, rising Treasury yields, and renewed concerns over higher interest rates pushed the precious metal sharply lower.
Gold and Silver Rise as Crude Oil Retreats on Deal Hopes
Gold and silver prices moved higher in late U.S. trading on Thursday, supported by weaker crude oil prices, softer U.S. Treasury yields and a lower U.S. dollar. Investors are now turning their attention to the U.S. May employment report, which is expected to be released on Friday.
U.S. Dollar Near Two-Month High as Gulf Tensions Escalate, Japanese Yen Approaches Intervention Zone
The U.S. dollar continued to hold near a two-month high on Thursday as renewed tensions in the Gulf weakened investors’ risk appetite. Amid rising geopolitical uncertainty, demand for safe-haven assets helped support the greenback.