Gold Rises 2% After Reports of a Preliminary U.S.–Iran Peace Deal
As of 01:22 GMT, spot gold rose around 2% to USD 4,304.11 per ounce, its highest level since June 9. U.S. gold futures for August delivery also gained 2% to USD 4,325.20 per ounce.
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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.
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.
Gold Rises as Softer Dollar and Lower Oil Prices Support Market Sentiment
As of 02:18 GMT, spot gold rose 0.7% to USD 4,461.09 per ounce. U.S. gold futures for August delivery gained 0.5% to USD 4,487.90 per ounce. The weaker dollar made gold, which is priced in U.S. dollars, more affordable for holders of other currencies.
Gold Holds Steady, Silver Edges Higher as Oil Rises on Iran Uncertainty
At the time of writing, spot gold was trading around $4,488.30 per ounce, up 0.07%. Spot silver was trading near $75.195 per ounce, gaining 0.44% on the session.
Gold Edges Higher as Treasury Yields Ease Amid Middle East Uncertainty
As of 04:20 GMT, spot gold rose 0.5% to USD 4,507.56 per ounce. U.S. gold futures for August delivery also gained 0.7% to USD 4,538 per ounce.
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