Global News

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.

The pair tries to surpass pivotal resistance as the Bank of England struck a more hawkish tone than its US peer amid inflationary risks from the Middle East conflict.

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.

The Strait of Hormuz is the key driver of oil prices and, by extension, the direction of global markets amid escalating geopolitical risk.

The central bank of Australia delivered a back-to-back increase as the spike in energy prices can push inflation higher, but the Aussie was volatile as four of nine voters opted for a hold.

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.

Ahead of next week's Fed and BoJ decisions, the pair rises to nearly two-year highs as the greenback attracts risk-off demand while the yen fails to benefit.

Solid results and guidance push Oracle shares higher, but business risks linger and the technical outlook remains unfavourable.

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.