WTI price holds near $72 as US-Iran talks offset Hormuz supply risks

The post Silver edges lower as Fed hike bets weight ahead US CPI data appeared on BitcoinEthereumNews.com. Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The resumption of hostilities between the United States (US) and Iran has revived concerns over energy supplies, lifting Oil prices and strengthening expectations of persistent inflation. This backdrop keeps expectations for monetary tightening alive and weighs on non-yielding assets such as Silver. According to the CME FedWatch tool, markets are now pricing in a high chance of at least one interest rate hike before the end of the year. This outlook is also supporting the US Dollar (USD), whose rebound is limiting the appeal of USD-denominat

The post Euro eases from one-week high as traders assess Middle East developments appeared on BitcoinEthereumNews.com. EUR/USD trims gains on Friday as the US Dollar (USD) rebounds while traders digest the latest developments in the Middle East. At the time of writing, the pair is trading around 1.1433, easing from a one-week high of 1.1460 touched earlier during the Asian session. In a post on Truth Social, US President Donald Trump said Iran had asked to continue talks and that the United States had agreed, while emphasizing that Washington had informed Tehran that the ceasefire was “over.” Trump’s remarks came after the US and Iran exchanged military strikes following attacks by Iran’s Islamic Revolutionary Guard Corps (IRGC) on commercial vessels transiting the Strait of Hormuz earlier this week. Earlier on Friday, Reuters reported that Qatari mediators are in Iran for talks aimed at creating conditions for broader negotiations. As the situation remains fluid, the US Dollar continu

The post Indian Rupee: Stabilisation but recovery hurdles against US Dollar – OCBC appeared on BitcoinEthereumNews.com. OCBC strategists Christopher Wong and Sim Moh Siong observe that the Indian Rupee (INR) faced depreciation pressure as Oil and geopolitics resurfaced, pushing USD/INR towards a one‑month high. He notes that some pressure has eased with Oil off its highs and RBI-linked Dollar sales helping limit losses. Near term, USD/INR should stay relatively contained, though a clean recovery likely needs lower Oil prices. USD/INR pressure easing with flows and RBI support “INR came under depreciation pressure as oil/geopolitics moved back into focus. Higher crude prices can pose downside pressure for INR, and USD/INR’s move towards one-month high yesterday suggests that market is again testing INR’s oil sensitivity.” “That said, some of the pressure has eased with oil prices back off highs and the INR is not without support. RBI-linked USD sales appear to have helped limit recent l

The post Euro retraces previous gains as Eurozone data paves the way for an ECB pause appeared on BitcoinEthereumNews.com. The Euro (EUR) has given away most of the daily gains against the US Dollar (USD) on Friday, returning to the 1.1430 area from session highs at 1.1475, which leaves the pair practically flat on the daily chart. Soft economic data from Eurozone countries, coupled with geopolitical uncertainty and higher Oil prices, is posing a significant weight on the Euro rallies. In Germany, June’s final Harmonized Index of Consumer Prices (HICP) confirmed previous estimations, showing that inflation slowed down to a 2.4% year-over-year (y-o-y) rate from 2.7% in May and from the April peak of 2.9%. Monthly inflation contracted 0.2%, also in line with preliminary estimations, and following a 0.1% contraction in May. At a later time, INSEE revealed that France’s Consumer Price Index (CPI) was also in line with the preliminary estimations. Yearly inflation eased to a 2% rate in June

The post What’s keeping Gold under pressure despite geopolitical risks? appeared on BitcoinEthereumNews.com. Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day’s gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and Federal Reserve (Fed) interest rate hikes. At the time of writing, XAU/USD is trading around $4,098, down 0.60% on the day. The metal, however, lacks follow-through selling as traders reassess US-Iran tensions following reports that technical talks are continuing despite the military clashes, prompting a pullback in crude Oil prices. Can Gold stage a sustained recovery? While Gold has staged a modest rebound from $3,941, its lowest level since November 2025, the metal is struggling to attract meaningful buying interest. Since the US-Iran war broke out in February, Gold has behaved less like a traditional safe-haven asset and more like a rate-sensitive instrument,

The post Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact appeared on BitcoinEthereumNews.com. Gold (XAU/USD) nurses minor losses with price action contained within Thursday’s trading range, around the $4,100 level, set for 1.6% weekly depreciation. Precious metals struggled this week as the resumption of hostilities in Iran boosted Oil prices, pressuring central banks to hike interest rates. Markets are looking for direction on Friday amid a tense calm, and rumours that mediators are working to bring Washington and Tehran back to the negotiating table. Axios cited a US official affirming on Friday that the US is still committed to finding a resolution and that technical talks to reach a nuclear deal continue. The US Dollar Index, which measures the value of the Greenback against a basket of six peers, has bounced from levels near three-week highs amid a cautious market mood, and is drawing closer to the 101.00 level, which keeps Gold upside attempts limi

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