Finances

• Gold rises as Middle East peace hopes pressure Oil prices.

• Weaker US Dollar and lower Treasury yields support bullion demand.

• Traders eye CPI, PPI, Retail Sales and Fed speeches.

Gold (XAU/USD) rises some 0.75% on Friday as financial markets remain optimistic about a possible end to the Middle East conflict, which could potentially drive Oil prices lower and ease inflationary pressures. At the time of writing, the XAU/USD pair trades at $4,711 after bouncing off daily lows of $4,673.

XAU/USD climbs as falling yields offset solid US payrolls

Tensions in the Middle East remain high as Iran prolongs its answer to the US 14-point memorandum proposal to end the conflict. The Secretary of State, Marco Rubio, said that they’re waiting for a response, while both countries exchanged fire within the Persian Gulf, and the United Arab Emirates (UAE) was under attack.

• Gold posted back-to-back gains as Japan’s intervention pressured the Dollar.

• Iran’s proposal weighed on oil prices and improved broader risk sentiment.

• Fed hawkishness and higher-for-longer bets limited bullion’s upside momentum.

Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market, while news that Iran submitted a new proposal drove oil prices lower. At the time of writing, the AU/USD trades at $4,643 after bouncing off daily lows of $4,560.

Bullion gains as Iran proposal cools oil but Fed hawks cap upside

Wall Street trades in positive territory amid news that Iran sent a proposal to the US via Pakistan, which weighed on oil prices, with WTI seen trading at $101.91 per barrel, down over 3%. The central bank’s weekly festival, led by the Federal Reserve, revealed that policymakers might keep interest rates “higher for longer,” due to…

• Gold struggles to capitalize on a modest Asian session uptick to a four-week high.

• Hormuz risks eased the recent USD selling bias, which caps gains for the commodity.

• Iran diplomacy hopes and receding Fed rate hike bets keep a lid on the USD bounce.

Gold (XAU/USD) hits a nearly four-week high during the Asian session on Wednesday, though it lacks follow-through buying and currently trades just below the $4,850 level, nearly unchanged for the day. The US Dollar (USD) selling seems to have abated for the time being, and is seen acting as a headwind for the commodity. However, hopes for Iran diplomacy and diminishing odds for a rate hike by the US Federal Reserve (Fed) keep the USD bulls on the sidelines, supporting the precious metal.

US Vice President JD Vance, speaking at a public event, again struck a cautiously optimistic tone and said that Washington is pursuing a…

• Gold holds just below record territory as geopolitical tensions between the US and Venezuela keep safe-haven demand elevated.

• A modest rebound in the US Dollar and Treasury yields caps follow-through buying.

• Technically, Gold holds a bullish bias, supported by rising moving averages.

Gold (XAU/USD) consolidates on Tuesday after posting gains of more than 2.5% the previous day, driven by a surge in safe-haven demand following United States (US) attacks on Venezuela. At the time of writing, XAU/USD is trading around $4,460, down modestly from an intraday peak near $4,475.

The downside for Gold remains limited as investors continue to monitor developments in the US-Venezuela relationship. Over the weekend, US armed forces captured and brought Venezuelan President Nicolás Maduro to New York, where Maduro is facing narco-terrorism and drug-trafficking charges.

While safe-haven demand remains elevated, fresh buying has eased after Monday’s sharp advance, with a modest rebound in the US Dollar…