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The post Gold stalls below $4,200 as inflation fears rise appeared on BitcoinEthereumNews.com. Gold (XAU/USD) price retreats by 0.44% on Tuesday as the yellow metal fails to clear $4,200 amid rising US consumer inflation expectations and threats of a resumption of hostilities in the Middle East, following reports of attacks in the Strait of Hormuz. The XAU/USD pair trades at $4,146 after peaking at $4,180. Bullion retreats as yields climb and Hormuz risks return The yellow metal seems poised to consolidate after failing to clear a downward-sloping resistance trendline near $4,200, which exacerbated XAU’s drop towards the $4,150 area. Recent data from the NY Fed showed that inflation expectations rose to their highest level since September 2023. The NY Fed Survey of Consumer Expectations indicated increasing concern among Americans about the high cost of living, with one-year inflation expectations climbing from 3.5% in May to 3.7% in June. Further data showed that the Goods and Service
Read full articleGeopolitical tensions near the Strait of Hormuz highlight vulnerabilities in global energy markets and challenge Bitcoin's safe-haven status. The post Explosions near Strait of Hormuz rattle oil markets and send Bitcoin sliding appeared first on Crypto Briefing.
The post Washington revokes Iran’s Crude Oil waiver 19 days after granting it appeared on BitcoinEthereumNews.com. The United States Treasury Department revoked the general license authorizing Iranian Crude Oil sales on Tuesday, ending the shortest-lived sanctions relief of the ceasefire era hours after three tankers were struck in the Strait of Hormuz. The move strips Tehran of the single largest revenue concession it extracted from last month’s talks and puts the entire fourteen-point framework on notice. Nineteen days of goodwill The waiver survived nineteen days between issuance and revocation, which tells the market everything it needs to know about how Washington scores compliance. The license arrived in June under the fourteen-point memorandum of understanding that reopened the Strait of Hormuz and originally permitted Iranian sales through August 21; the Treasury now orders those transactions unwound by July 17. American officials framed the decision in strictly transactional t
Exxon's profit surge amid geopolitical tensions highlights the vulnerability of global oil markets to conflict-driven supply disruptions. The post Exxon profit surges $4B amid Middle East conflict-driven oil rally appeared first on Crypto Briefing.
The airstrikes risk destabilizing the fragile ceasefire, potentially leading to increased geopolitical tensions and market volatility. The post US airstrikes hit Iranian sites in Sirik amid rising tensions appeared first on Crypto Briefing.
Escalating tensions near the Strait of Hormuz could disrupt global oil supply, impacting energy prices, inflation, and crypto market dynamics. The post US strikes Iranian military sites near Strait of Hormuz after cargo ship attack appeared first on Crypto Briefing.
The escalation in the Strait of Hormuz heightens geopolitical tensions, potentially destabilizing regional security and impacting global markets. The post US Central Command strikes Iran after attacks on ships in Strait of Hormuz appeared first on Crypto Briefing.
The revocation may escalate geopolitical tensions, potentially increasing crypto's role in sanctions evasion and impacting global oil markets. The post US revokes Iran oil waiver after tanker attacks, raising stakes for crypto sanctions evasion appeared first on Crypto Briefing.
The deregulatory push may boost US fintech and crypto sectors, reversing talent and capital outflow, but execution remains a significant hurdle. The post Trump administration moves to eliminate over 700 federal regulations, signaling friendlier crypto climate appeared first on Crypto Briefing.
