Gold prices recovered strongly on Tuesday, reversing losses from a sharp sell-off as cooler-than-expected US inflation data reinforced expectations. The precious metal had come under pressure in the previous session, briefly touching a two-week low as investors refrained from placing large bets ahead of the release of the US CPI data and Federal Reserve Chair
Gold retreated on Wednesday as the market’s brief celebration of softer US inflation gave way to a more uncomfortable question: whether another oil shock will keep price pressures alive. Spot bullion fell 0.5% to $4,035.67 an ounce by 0300 GMT, while August futures slipped 0.7% to $4,042.20. The decline erased part of Tuesday’s jump of
Oil prices extended their gains on Wednesday after US President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure in the region. The renewed confrontation has brought the Strait of Hormuz back into focus, reigniting concerns over the security of global oil and liquefied natural gas (LNG)
Silver prices edged lower on Wednesday as escalating geopolitical tensions in the Middle East dampened investor sentiment, offsetting support from a weaker US Dollar following softer-than-expected US inflation data. At the time of writing, Silver (XAG/USD) traded at $58.50, after facing rejection near the $59.00 level during Tuesday’s session. Although the US Dollar weakened after
The gold market regained momentum on Wednesday after weaker-than-expected US wholesale inflation data boosted investor sentiment and eased expectations of aggressive US monetary policy tightening. Gold prices rebounded from earlier losses and traded around $4,070 per ounce following the inflation report. Data released by the US Labour Department showed the Producer Price Index (PPI) fell
Gold rose on Tuesday after briefly touching a two-week low, as investors avoided large bets before US inflation data and Federal Reserve Chair Kevin Warsh’s congressional testimony. Spot gold gained 0.3% to $4,013.93 an ounce by 0300 GMT after falling to its weakest level since July 1. US futures for August delivery advanced 0.4% to
Silver extended its decline for a third session on Tuesday as a renewed surge in oil prices revived inflation concerns and strengthened expectations that the Federal Reserve may raise interest rates again. Spot silver traded near $57.60 an ounce during Asian hours after touching its lowest level in about two weeks. The metal has struggled
Oil prices jumped more than 4% on Monday after the US and Iran exchanged another round of attacks, reviving fears that energy shipments through the Strait of Hormuz could face deeper disruption. Yet the waterway has not stopped functioning. Iran says it is closed, while the US insists commercial traffic is moving and vessel-tracking data
Gold prices fell more than 1% on Monday as investors treated the latest Gulf escalation less as a haven trigger and more as a threat to the rate outlook. Spot bullion dropped 1.5% to $4,059.11 an ounce, while August futures lost 1.1% to $4,067.10. The move came as oil jumped, the dollar strengthened and Treasury
Silver prices fell near $59 an ounce on Monday as renewed US-Iran strikes pushed traders back towards the dollar and out of rate-sensitive precious metals. The move was part of a wider pullback across the metals complex, but silver’s selloff carried its own pressure points. Unlike gold, silver is not only a haven asset. It