Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus
Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus
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Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus
Forex
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold edges higher amid subdued USD demand; hawkish Fed and US-Iran tensions to cap gains
Gold and silver ease as rising oil prices and a stronger U.S. dollar test key support levels, while geopolitical risk and long-term demand keep the broader outlook constructive.
AUD/USD Price Forecast: Hawkish remarks from RBA's Hunter lift Australian Dollar
EUR/JPY Price Forecast: Rebounds above confluence around 185.00, moving averages
The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Official Cash Rate to 2.50%, yet investors stopped short of pricing a more aggressive tightening cycle.
The 4-hour chart of XAU/USD indicates that the price surpassed $4,080, $4,120, and the 50% Fibonacci retracement level of the downward move from the $4,382 swing high to the $3,941 swing low. It even cleared the 100 Simple Moving Average (red, 4 hours) but stayed below the 200 Simple Moving Average (green, 4 hours).
New Zealand Dollar advances as RBNZ hike weighs on AUD/NZD
XAG/USD Price Forecast: Defends bearish flag support near mid-$59.00s
USDCHF currency pair reversed from the support zone between the pivotal support level 0.8030 (former strong resistance from January and March), 38.2% Fibonacci correction of the upward impulse from May and the support trendline of the daily up channel from May.
PBOC sets USD/CNY reference rate at 6.8077 vs. 6.8054 previous
A pickup in US inflation expectations, renewed geopolitical tensions and another bruising session for technology stocks combi.
Gold edges lower to near $4,100 on renewed US–Iran tensions
Gold may be nearing a major bullish breakout as cycle signals point to a possible bottom and a long-term move toward $7,000+.
GBP/JPY Price Forecast: Struggles at 217.00, recoils towards 216.50