Gold advanced 5% in past three sessions and hit two-week high on Thursday, as fresh waves of optimism about potential end of US-Iran war revived risk appetite and deflated prices of crude oil and dollar. The metal rose further on Thursday, extending Wednesday’s 3% rally (the biggest daily gain since Mar 31, when bulls penetrated and closed…

Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss. Growing hopes for a US-Iran peace deal provided relief, keeping oil prices under increased pressure for the third straight day. Bears probe again through important supports at $100.67 and $100.00 (50% retracement of…

The dollar came under increased pressure on Wednesday after fresh wave of optimism about a possible end of US-Iran war deflated safe-haven demand. The dollar index, which tracks the performance of Greenback against its six major peers, hit three-week low, on renewed probe through the trendline support (currently at $97.85), after several recent…

Australian dollar rose 1.2% against its US counterpart on Wednesday and hit the highest since June 2022. The rally was sparked by the media report signaling that US-Iran war might be near the end that revived demand for riskier assets. Today’s advance broke about two-week consolidation range (0.7222/27) as well as above upper 20-d Bollinger…

Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to enter the straight. In the environment of rising tensions, the OPEC+ decided to raise again the output by 188.000 bpd in attempt to…

Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that all of them kept rates unchanged in the policy meetings last week. On the other hand, high geopolitical uncertainty…

Bitcoin remains on front foot for the second consecutive session and accelerates gains on Friday, to crack Fibo barrier at 78875 (50% of 97946/59805 descend), which guards recent double top (79500 zone) and psychological 80000 barrier. Weaker dollar and renewed risk appetite after the latest hawkish holds by a number of major central banks (Fed…

Japanese yen surged across the board on Tuesday, gaining around 3% vs its major counterparts, in the biggest daily gain since late 2022. The rally was sparked by comments from Japan’s FinMin who said that timing to take decisive action in the market was nearing, while some reports, citing government and the central bank, said that Japanese…