Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
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.
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.
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GOLD PRICES PLUNGE: COULD GOLD RETURN TO THE USD 4,000/OZ LEVEL?
Gold prices continued to decline sharply during Wednesday’s trading session, losing more than 1% and falling to their lowest level in 11 weeks. Selling pressure intensified as both the U.S. dollar and oil prices moved higher following renewed tensions between the United States and Iran
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.
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WILL GOLD PRICES CONTINUE TO RISE?
Spot gold fell 0.2% to USD 4,321.49 per ounce at 01:24 GMT. Earlier, on Friday, gold prices had dropped by around 3%
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.