XAU/USD around $4,660, bears sharpening their claws

XAU/USD around ,660, bears sharpening their claws

XAU/USD Current price: $4,650 Middle East crisis maintains financial markets in risk-averse mode. The March US ISM Services PMI painted a gloomy picture when reading between lines. XAU/USD under sellers’ control despite holding within familiar levels. Spot Gold consolidates at around $4,660 on Monday, little changed on a daily basis, yet lower compared to Friday’s […]

Conflict keeps risk premium elevated – OCBC

Conflict keeps risk premium elevated – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong argue that market hopes for de-escalation in the US–Iran conflict look premature for Brent. While Brent has retreated from highs near USD119, they see the Strait of Hormuz situation as controlled disruption rather than resolution, with Iran–Oman traffic protocols and Trump’s threats suggesting ongoing supply risk despite […]

EUR/USD remains capped below 1.1570 despite US Dollar’s weakness

EUR/USD remains capped below 1.1570 despite US Dollar’s weakness

The Euro (EUR) is trading higher against the US Dollar (USD) on Monday, favoured by a moderate improvement in market sentiment, amid news of a potential ceasefire in the Iran war. The pair bounced up from session lows at 1.1505, but has been unable to extend gains beyond 1.1570 so far, and remains trapped within […]