Gold Set for Weekly Loss as Hawkish Fed Outweighs Peace Deal
9 Articles
9 Articles
Weekly Focus - Reopening of Hormuz Amid Hawkish Fed - ActionForex
The main market mover this week was the signing of a memorandum of understanding to work towards a permanent peace deal between the US and Iran. The interim agreement ends all military actions and opens the Strait of Hormuz (SoH) while the two sides negotiate a final agreement in a "maximum" of 60 days. Traffic through the SoH show early signs of normalisation, but markets still watch how quickly supply returns and progress on the final deal, wh…
Oil prices fell as the prospects for an increase in supply improved, after oil tankers began transiting through the Strait of Ormuz
This article was originally published on Cedarnews.net. For more exclusive news and reports, visit our website. Gold prices fell sharply on Friday and are heading for their third consecutive weekly decline. The strengthening dollar and hawkish signals from the Federal Reserve (the US central bank) weighed on the non-yielding metal. Spot gold fell 1.77% to $4,135.35 per ounce by 07:43... This news was published on the Cedarnews website. For more …
Gold likely to extend losses as Fed hawkish stance dominates
Gold is heading for its third consecutive weekly loss as a stronger US dollar and hawkish signals from the Federal Reserve overshadow optimism from the recent US-Iran peace deal. Both spot prices and the contract on COMEX slipped below $4,190 per ounce on Friday, with traders bracing for tighter monetary policy under new Fed Chair Kevin Warsh. Gold has struggled to hold ground despite easing geopolitical tensions, as the Fed’s stance has shifted…
Gold went down on Thursday, under pressure from the Federal Reserve's restrictive monetary policy signals and the strength of the dollar, while the U.S.-Iran ceasefire agreement, which eased the fear of inflation and caused a fall in oil markets, supported prices. Cash gold dropped 0.8%, to $4,225.39 per ounce, after falling to a minimum last week since November 2025. Gold futures in the U.S. closed with a fall of 3.1%, to $4,245.9.“What was mos…
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