Gold swells as Middle East peace hopes hit the US Dollar

Gold swells as Middle East peace hopes hit the US Dollar

Gold (XAU/USD) rises some 0.75% on Friday as financial markets remain optimistic about a possible end to the Middle East conflict, which could potentially drive Oil prices lower and ease inflationary pressures. At the time of writing, the XAU/USD pair trades at $4,711 after bouncing off daily lows of $4,673. XAU/USD climbs as falling yields […]

USD/JPY slides toward 156.60 as safe-haven Yen gains on Middle East tensions

USD/JPY slides toward 156.60 as safe-haven Yen gains on Middle East tensions

The USD/JPY pair fell toward the 156.60 region on Friday, as the Japanese Yen (JPY) gained modest support from safe-haven flows despite resilient United States (US) labor-market data limiting broader downside pressure on the US Dollar (USD). Market sentiment turned cautious after Fox News reported that the US military carried out additional airstrikes targeting several […]

Iran submits proposal to end war in current negotiation phase

Iran submits proposal to end war in current negotiation phase

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA). Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of […]