Gold opened with gap-lower on Monday, hitting levels around $150 lower from Friday’s high, as sentiment changed again on escalation over the weekend that resulted in closure of Hormuz strait. Fresh negative developments on the ground faded optimism and revived fears about inflation and other factors surrounding war environment, with higher dollar and oil prices. […]
The post XAU/USD: Gold Price Drops on Renewed Geopolitical Tensions and Stronger Dollar appeared first on ActionForex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Evenings outside hit a bit differently Read more…
AUD/JPY is setting up for a potential upside breakout toward 120 psychological level, with the next move likely to be decided by a high-stakes combination of BoJ policy and Australian inflation data. Today’s bounce suggests Read more…
Despite the cancellation of a second round of US–Iran talks, crude oil prices showed little urgency to push higher, with Brent holding near $106 and WTI anchored around $98. In earlier phases of the conflict, Read more…