The post Oil: Brent retraces gains on fragile ceasefire – Rabobank appeared on BitcoinEthereumNews.com.
Rabobank strategist Molly Schwartz notes that Brent Oil traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran. War insurance costs have risen sharply and shipowners are being advised to pause Hormuz voyages. Brent crude briefly traded above $80/bbl before retracing to around $76/bbl as markets stayed optimistic. Hormuz risks and Brent price swings “According to Bloomberg, the Joint Maritime Information Center said that traffic through the Strait remains at “reduced levels,” (around 24% of pre-war transit) even though US-assisted vessel transits have been largely uninhibited.” “Reuters reports that “some war insurers advise shipowners to pause Hormuz voyages after attacks,” adding that “war insurance for ships inside the Gulf has already ticked higher towards 3% of a vessel’s value, up from 2% at the end of last week.” Meanwhile,
The post Gold Retreats 1.8% Amid Middle East Tensions and Rising Rate Expectations appeared on BitcoinEthereumNews.com.
Key Takeaways Spot gold declined 0.6% Friday to settle at $4,101.11 per ounce, marking a 1.8% weekly decrease President Trump ended the Iran ceasefire and authorized additional military operations Surging crude prices are fueling inflation concerns, increasing market expectations for a 2026 Fed rate increase Elevated interest rates diminish gold’s attractiveness by raising opportunity costs for the zero-yield asset Silver plunged more than 4% over the week; platinum showed resilience with just a 0.3% weekly drop Precious metals faced downward pressure on Friday, with gold headed for a weekly decline as heightened military tensions between the United States and Iran combined with mounting interest rate concerns. Spot gold decreased 0.6% to reach $4,101.11 per ounce. Gold futures contracts fell 0.8% to $4,108.90. Weekly performance showed spot gold declining approximate
The post Gold: Tentative stabilisation on oil relief – OCBC appeared on BitcoinEthereumNews.com.
OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move. However, ETF holdings remain lower month-to-date, suggesting the recovery is more relief-driven than a decisive return of investor demand. Near term, Gold could trade with a better tone if Oil and yields stay contained. Relief-driven recovery in Gold “Gold. Tentative stabilisation on oil relief. Gold rebounded as oil prices eased from their recent spike, taking some pressure off inflation expectations, yields and Fed tightening concerns. A softer USD also helped the recovery, after the recent selloff across the precious metals complex.” “But ETF flows have yet to confirm a broader investor rebuild. Bloomberg data show total known gold ETF holdings remain lower month-to-date, even though ho
The post US Dollar: Geopolitics faded as markets eye rates – ING appeared on BitcoinEthereumNews.com.
ING’s Francesco Pesole notes the US Dollar (USD) has been broadly unchanged despite renewed Middle East tensions, as Oil has retraced and risk sentiment improved. He highlights that fading geopolitical risk keeps focus on front-end rate differentials, which have moved against the Dollar in some cases. ING sees upside risks for the Dollar but expects only limited DXY reaction if Oil stays contained. Dollar sidelined by rate focus “Markets are taking a decisively optimistic stance on fresh US-Iran tensions. Multiple reports indicate traffic in Hormuz has dropped to almost zero in the past couple of days, and we have seen effectively no intent of de-escalation from either party.” “The 2-year USD swap rate has erased roughly half of the 10bp jump after the re-escalation – 35bp of tightening is currently priced in for December.” “The dollar is seeing no benefits from this situation. Fading
The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared on BitcoinEthereumNews.com.
Key takeaways Bitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased. Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement. Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook. Bitcoin (BTC) extended its recovery on Friday, climbing above the $64,000 level as improving investor sentiment supported a broader rebound across the cryptocurrency market. The recovery comes after geopolitical concerns eased following comments from US President Donald Trump, who said Iran had contacted the United States to discuss a potential agreement. The remarks fueled hopes of reduced tensions in the Middle East, encouraging investors to return to risk assets. The positive sentiment also helped Ethereum (ETH) edge cl
The post Bitcoin jumps 3% as oil falls, but $65,000 caps the rebound appeared on BitcoinEthereumNews.com.
Bitcoin has climbed about 3% to $64,300 after crude oil dropped below $72, and reports that the United States and Iran would continue peace talks revived risk appetite across crypto markets. Summary Bitcoin climbed above $64,300 as falling oil prices and renewed U.S.-Iran talks revived risk appetite. A $79.5 million short squeeze helped drive the rally, with $65,000 remaining the key resistance. Analysts say a breakout above $65,000 could target $68,000, while rejection may send BTC back toward $62,000. The rebound followed two volatile sessions in which fresh U.S. strikes on Iranian targets and Tehran’s attacks on American bases pushed WTI crude toward $75 and drove Bitcoin down toward $62,500. President Donald Trump had declared the interim ceasefire “over,” but subsequent reports of continued negotiations helped oil extend Thursday’s losses. WTI still remained on course for a we
The post Bitcoin Tries for New July Highs Amid Falling Oil, Dollar Strength appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350 as dollar strength, oil drop Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel. CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June. US doll
Key takeaways Bitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased. Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement. Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook. Bitcoin (BTC) extended its recovery on […]
The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared first on CoinJournal.
Bitcoin has climbed about 3% to $64,300 after crude oil dropped below $72, and reports that the United States and Iran would continue peace talks revived risk appetite across crypto markets. The rebound followed two volatile sessions in which fresh…
