Gold Price Forecast: XAU/USD Rally Fails After Iran Spike- 5% Drop Snaps Four-Week Streak
Gold's advance stalled after a brief geopolitical spike pushed prices into resistance, with the market reversing sharply earlier in the week before stabilizing into the close. Although XAU/USD has managed to recover part of the initial drop, the failure to secure a sustained break above resistance leaves the broader rally at an inflection point.
Silver Price Forecast 2026: $80 and $90 Now the Key Battle Lines
Silver prices steadied into the end of the week, with the metal recovering modestly after the sharp swings seen earlier in March. Live XAG/USD quotes were around $84.19 per ounce, leaving the silver price about 1.7% higher on the day.
Oil Crisis Roils Global Markets: DOW Tumbles, Dollar Index Eyes Reversal, EUR/CAD Dives
Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing investors to reassess everything from inflation risks and monetary policy to equity valuations and currency dynamics.
USD/JPY Weekly Forecast: Energy shock hammers yen as intervention risk looms
Markets over the past week have been almost entirely beholden to the conflict between the United States and Israel against Iran, with the effective closure of the Strait of Hormuz at the centre. The disruption has created a clear divide between the energy haves and have-nots in currency markets, with those with vast reserves and production capacity benefiting from a positive terms-of-trade shock, while currencies linked to economies heavily reliant on imported energy have come under pressure.
China's gold buying spree continues as reserves climb for a 16th straight month
Is anyone really surprised? China has arguably the biggest buyer out there for a while now.
U.S. Treasury Secretary Scott Bessent Announces Largest Bombing Campaign on Iran Tonight
U.S. Treasury Secretary Scott Bessent has declared that the U.S. will execute its largest bombing campaign on Iran tonight, marking a significant escalation in military action. This development could have wide-ranging geopolitical and economic consequences.
Saudi Defense Minister Urges Iran to Choose Wisdom Over Misguided Actions
Saudi Arabia's Defense Minister expressed hope that Iran will act with wisdom and avoid misguided calculations, signaling a desire for de-escalation in regional tensions. This statement may impact geopolitical dynamics in the Middle East.
Saudi Defense Minister Discusses Countering Iranian Aggressions with Pakistani Army Chief
The Saudi Defense Minister held talks with the Pakistani Army Chief focusing on strategies to halt Iranian aggressions. This discussion highlights regional security concerns and potential military cooperation between Saudi Arabia and Pakistan.
Saudi Defense Minister Discusses Iran's Attacks with Pakistani Army Chief
The Saudi Defense Minister revealed that he held discussions with the Pakistani Army Chief regarding Iran's attacks on Saudi Arabia. The talks highlight ongoing regional security concerns and military cooperation between Saudi Arabia and Pakistan.
Some Gulf Vessels Use Chinese Identity Signals Amid Regional Conflict
Multiple shipping reports reveal that certain vessels in the Gulf are broadcasting Chinese identity signals to minimize the risk of being targeted during the ongoing regional conflict, according to the Financial Times. This tactic aims to leverage China's perceived neutrality or influence in the area to enhance maritime safety.