Gold's $4k Bent but Not Yet Broken on a Weekly Close Basis
It's been a brutal four-month stretch for Gold and that statement really can be spanned back to six months, as it was January 29th when the metal had set its current all-time-high just below $5600/oz. The initial pullback from that move was violent, with prices testing just above the $4400 handle a few days later, but that move was bid as late-stage buyers posed a bounce, and that move inevitably topped out at a lower-high of $5400/oz in early-March.
Gold Holds Near $4,000 Amid U.S.-Iran Tensions and Fed Rate Hike Expectations
Gold prices remained close to $4,000 an ounce as traders weighed escalating U.S.-Iran tensions against expectations of at least one Federal Reserve rate hike later this year. Oil-driven inflation concerns pressured bullion, but mediation efforts between the U.S. and Iran helped prevent further declines.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Remains Stuck Near $4000 As Treasury Yields Rise
Stronger dollar put additional pressure on gold markets in today's trading session.
Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
Six Counterparties Take $30 Million in Fed Reverse Repo Operation, Down from $100 Million
In the latest Federal Reserve reverse repurchase agreement operation, six counterparties participated, taking $30 million—significantly lower than the previous $100 million with only one bid. This indicates a reduced demand for overnight liquidity from the Fed's reverse repo facility.
U.S. Dollar Gains Ground As Traders Bet On Hawkish Fed: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Rising Treasury yields provided support to the American currency.
Pound Sterling Price News and Forecast: GBP/USD slips as Burnham fiscal pledge fails to lift Sterling
Pound Sterling Price News and Forecast: GBP/USD slips as Burnham fiscal pledge fails to lift Sterling
UK PM Burnham Assures Trump of Commitment to Safe Shipping in Strait of Hormuz
UK Prime Minister Burnham informed President Trump about the UK's dedication to ensuring safe maritime navigation in the strategic Strait of Hormuz, according to the PM's office. This highlights ongoing efforts to maintain security in a critical global shipping route.
MUFG US Dollar to Indian Rupee Forecast: USD/INR Seen at 95.00 by Mid-2027
Foreign exchange strategists at MUFG expect the Indian Rupee to recover gradually against the US Dollar over the next year, forecasting USD/INR will ease to 95.00 by the middle of 2027 as foreign capital inflows strengthen and the Reserve Bank of India continues to support the currency. The USD/INR exchange rate traded around 96.3 on.
The Loudest Weekend of the War, and Gold Still Wouldn't Rally
So, all in all, the loudest weekend of the war produced American deaths, a collapsed ceasefire, and oil at a one-month high, and gold could not hold thirty dollars of a bounce.