Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
Gold Holds Firm as Middle East Tensions and U.S. Jobs Data Take Center Stage
Gold edged higher on Tuesday as investors weighed mixed signals surrounding potential U.S.-Iran talks and awaited a series of U.S. labor-market reports for clues about the Federal Reserve’s interest-rate path.
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GOLD EXTENDS ITS SIDEWAYS TREND: IS A BREAKOUT GETTING CLOSER?
Gold has just recorded its first monthly gain after five consecutive months of decline, rising by approximately 1%. This came as markets continued to process mixed geopolitical developments, while investor sentiment remained cautious.
Gold Holds Steady as Lower Oil Prices Ease Inflation Pressure
Gold and silver prices edged higher during the U.S. trading session as crude oil prices fell sharply, Treasury yields eased, and the U.S. dollar weakened. These factors offset weaker safe-haven demand as tensions between the United States and Iran showed signs of easing.
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Oil Prices Slump on Hopes of an Iran Deal, Yen Surges After Coordinated Intervention
Oil prices fell sharply at the start of the week as hopes for a peace agreement between the United States and Iran increased. Meanwhile, the Japanese yen jumped after the U.S. and Japan confirmed coordinated intervention to support the currency.
Other articles
Gold Rises as Oil Prices Tumble After Trump Delays New Iran Strike
Gold prices moved higher at the start of the week as oil prices fell sharply after U.S. President Donald Trump postponed a new strike on Iran in hopes of reaching a swift agreement. The development eased some concerns about inflation and the prospect of interest rates remaining higher for longer.
Gold in July: The Key Signal Was Not the Monthly Gain, but the Breakout
At the end of the month, the actively traded December gold contract was trading around $4,107.60, down $55, or 1.32%, on the day. After accounting for that decline, gold gained only about $16 during July.
Gold and Silver Decline as a Stronger Dollar, Higher Treasury Yields and Rising Oil Prices Weigh on Metals
Gold and silver prices fell in late U.S. trading on Friday as a stronger U.S. dollar, elevated Treasury yields and higher oil prices outweighed support from softer PCE inflation data. Spot gold was trading near $4,050.70 per ounce, down 1.27%, while spot silver fell 1.93% to $57.75 per ounce.