Silver loses ground as hopes for US-Iran deal improve risk appetite
Silver loses ground as hopes for US-Iran deal improve risk appetite
Market narrative
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Silver loses ground as hopes for US-Iran deal improve risk appetite
Forex
Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve's policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar.
Gold: Hawkish Fed delays Gold recovery path – Commerzbank
Gold Price Forecast: XAU/USD sits out the panic it was built for
Swiss Franc: Weak performance tied to carry and Gold – TD Securities
Gold continues to see choppiness on Tuesday, as there are a lot of external issues out there that are causing a significant amount of confusion and noise.
Silver drops early on Tuesday as we continue to see noise in the metals markets.
The US dollar continues to flex its muscles early on Tuesday.
Gold – Potential for the further drop [Video]
New Zealand Dollar struggles as firm US Dollar keeps NZD/USD pinned
British Pound drops against US Dollar, Fed-BoE policy in focus
EUR/USD Price Forecast: Under pressure with YTD lows at 1.1324 coming closer
$4,000: Gold's key support faces a crucial Fed test
The Australian dollar is trading on the back foot after a sharp selloff in Asian technology stocks dented risk appetite and dragged regional currencies lower.
Gold fell to 4,047 USD per ounce on Tuesday, erasing gains from the previous session. Pressure on the metal is mounting amid fears that the Federal Reserve may raise rates as early as this week.
Gold declines, focus on Fed and falling Oil prices
Silver price today: Silver falls, according to FXStreet data
Silver weakens as easing geopolitical tensions weigh on safe-haven demand
USD/CHF eyes key 0.8400 resistance
TL;DR: RBA Governor Michele Bullock has reframed Wednesday's Q2 CPI report — the question isn't whether core inflation is elevated, but whether it's hot enough above 3.8% to justify an August RBA hike, with AUD/USD stalled at resistance ahead of the release.