President Trump provides Iran update: oil and gold react
USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
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USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
XAU/USD faces fresh pressure as hopes for a conclusion to the Middle East conflict fade, inflationary risks linger and the US dollar regains its strength.
USOIL drops as President Trump said he will postpone strikes on Iran's oil infrastructure, creating optimism for an end to the conflict that has sparked an energy shock.
USOIL stays firm as the President issues an ultimatum for the Strait of Hormuz opening while Iranian officials threaten fresh strikes on energy infrastructure.
XAU/USD continues to face difficulties this week as the greenback has emerged as the safe haven of choice, but bullion's structural demand drivers don't go away.
USOIL remains firm as the Middle East conflict continues to disrupt the flow of oil, but a push to secure transit and the release of stockpiles could offer relief.
Oil prices are rising not because global production has collapsed, but because the conflict has disrupted one of the world’s most critical shipping routes, preventing large volumes of oil from reaching global markets.
USOIL rebounds from pullback as a sizeable release of stockpiles fails to ease supply disruption fears, with the US-Iran conflict continuing.
USOIL jumps to the highest in nearly four years as the military campaign enters its second week, with oil facilities hit and the Straits of Hormuz remaining effectively shut.
XAG/USD heads for a weekly decline as the dollar outshines it as a safe haven and economic risks weigh, but structural demand drivers can lead to new all-time highs.
The US-Iran conflict has sparked a flight to safety, boosting gold and compounding structural demand from broader de-dollarisation and debasement trends
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