Gold reclaims $4,500 as softer US Dollar offers support amid Iran tensions

Gold reclaims ,500 as softer US Dollar offers support amid Iran tensions

Gold (XAU/USD) edges higher on Friday, rebounding after falling nearly 2.75% the previous day, as evolving geopolitical headlines around the US-Israel war with Iran continue to drive volatility across global markets. At the time of writing, XAU/USD is trading around $4,527, up over 3.00% on the day. Meanwhile, a modest pullback in the Greenback is […]

WTI Oil surges on Middle East war fears, Hormuz supply risks

WTI Oil surges on Middle East war fears, Hormuz supply risks

West Texas Intermediate (WTI) US Oil rises sharply and trades around $96.00 at the time of writing on Friday, up 3.55% on the day. The Oil market remains driven by heightened geopolitical uncertainty, as investors increasingly price in a prolonged conflict involving Iran, with potential long-term disruptions to global energy supply. After a brief easing […]

GBP/USD holds above 1.3300 as haven bids lift the US Dollar

GBP/USD holds above 1.3300 as haven bids lift the US Dollar

The British Pound (GBP) holds firm during the North American session on Friday, clings above the 1.3300 figure, yet seems poised to finish the week with 0.20% losses against the US Dollar (USD). Risk aversion due to an energy shock caused by the Middle East conflict and the haven appeal of the Greenback keep GBP/USD […]