Gold approaches $4,600 as US-Iran deal hopes pressure Oil, US Dollar

Gold approaches ,600 as US-Iran deal hopes pressure Oil, US Dollar

Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,583 after recovering from a two-month low of $4,366 touched on Thursday. Risk sentiment improved after US President Donald Trump said on Friday that “the naval blockade will now be […]

Iran rejects Trump’s Hormuz deal claims as talks near end – Fars

Iran rejects Trump’s Hormuz deal claims as talks near end – Fars

According to Fars news agency, the US and Iran are in the final stages of an agreement, though a final decision hasn’t been made. Fars reported on Friday that “Informed sources have rejected Trump’s new claims about a possible deal with Iran, describing his remarks as a mixture of truth and lies and an attempt […]

XAG/USD struggles for direction despite US-Iran deal hopes, softer US Dollar

XAG/USD struggles for direction despite US-Iran deal hopes, softer US Dollar

Silver (XAG/USD) trades flat on Friday, failing to capitalize on improving market sentiment surrounding a potential US-Iran peace deal, even as the US Dollar (USD) slides to a two-week low. At the time of writing, XAG/USD trades around $75.60 and is on track to end the week virtually unchanged. US President Donald Trump said on […]