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Gold Price Forecast: XAU/USD Rises Above $2,410 After Reports Of Israeli Attack On Iran
Article By:
Akhtar Faruqui
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Thursday, April 18, 2024 10:55 PM EDT
Gold price surges to nearly $2,410 per troy ounce during the Asian session on Friday.
WTI Surges To $85.00 Amid Israel-Iran Tensions
Article By:
Lallalit Srijandorn
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Thursday, April 18, 2024 10:35 PM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gained traction on the day amid the escalating tension between Israel and Iran.
Market Briefing For Thursday, April 18
Article By:
Gene Inger
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Thursday, April 18, 2024 2:38 AM EDT
A heavy tape was interrupted by a modestly soft 'Beige Book', but the latest threats from Iran suppressed that, which implies the Fed has reason to be nervous.
WTI Extends Its Downside Below $82.50 On Crude Inventory Build
Article By:
Lallalit Srijandorn
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Thursday, April 18, 2024 1:30 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.25 on Thursday. The black gold edges lower on the day due to a rise in US crude inventory and the expectation of delay rate cuts from the Federal Reserve (Fed).
Gold Price Forecast: XAU/USD Rebounds On Market Caution, Aims To Reach $2,400
Article By:
Akhtar Faruqui
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Thursday, April 18, 2024 12:10 AM EDT
Gold price recovers its recent losses, trading around $2,370 per troy ounce during the Asian session on Thursday. The safe-haven yellow metal gains ground as traders exercise caution amidst heightened geopolitical tensions in the Middle East.
Market Briefing For Wednesday, April 17
Article By:
Gene Inger
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Wednesday, April 17, 2024 4:19 AM EDT
It's still about Oil, so follow the money. There's concern of an attack on Iranian Oil loading facilities.
Israel is essentially 'saying' they're locked & loaded; may be bravado for now.
Market Briefing For Tuesday, April 16
Article By:
Gene Inger
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Tuesday, April 16, 2024 5:42 AM EDT
Economic factors excessively play into the calculus being assessed right now, both in Tel Aviv and in Washington, and mostly it involves money and oil.
Inflation Is Hot, A New High For Gold, & Iran’s Test Attack
Article By:
Chris Martenson
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Monday, April 15, 2024 6:03 AM EDT
What does the big collective smash in the metals on Friday (starting at 11:00 Eastern) mean? How about the fact that Bitcoin plunged $6000 as word of Iran’s attack hit the street…what does this mean?
In this article: BITCOMP
The Commodities Feed: Uncertainty And Risks Build In The Middle East
Article By:
ING Economics
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Monday, April 15, 2024 3:59 AM EDT
Oil price action this morning is muted despite Iran’s attack on Israel. The market had already priced in some form of attack, while limited damage and no loss of life means the potential for a more measured response from Israel.
Weekly Forex Forecast - Sunday, April 14
Article By:
Adam Lemon
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Sunday, April 14, 2024 2:20 PM EDT
Last week saw low directional volatility in the Forex market, which has been relatively low since 2024 started. Last week’s key event was the release of US CPI data, which led to a stronger US dollar and a selloff in stocks.
WTI Holds Below $85.50 Amid Inflation Fears
Article By:
Lallalit Srijandorn
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Friday, April 12, 2024 3:25 AM EDT
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $85.00 on Friday. The black gold edges lower on the day as the elevated inflation dampened the expectation for US interest rate cuts this year.
Pump-Prices Surge To 6-Month Highs Ahead Of CPI, Crude Inventories See Another Build
Article By:
Tyler Durden
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Tuesday, April 9, 2024 7:35 PM EDT
Crude prices slipped lower today, but never recovered, as traders weighed prospects for a ceasefire in Gaza against ongoing risks to oil supplies in the Middle East.