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Silver Price Forecast: XAG/USD holds firmly above $69 ahead of US PCE Inflation data
Silver price (XAG/USD) is up almost 1% to near $69.40 during the Asian trading session on Wednesday.
WTI drops amid Middle East diplomacy, eased US sanction fears
West Texas Intermediate (WTI) oil price extends its losses for the third consecutive day, trading around $80.10 per barrel during the Asian hours on Wednesday.
Iran and Oman push talks for âinterimâ reopening of Hormuz â Bloomberg
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an âinterim frameworkâ aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday.
United States API Weekly Crude Oil Stock above expectations (1.9M) in August 21: Actual (4.2M)
United States API Weekly Crude Oil Stock above expectations (1.9M) in August 21: Actual (4.2M)
US-Iran agree ceasefire deal, sinks Oil â RIA Novosti
The Russian agency RIA Novosti reported on Tuesday that Washington and Tehran agreed to a ceasefire, citing sources in Iran and Pakistan.
US President Trump: US Navy has cleared Strait of Hormuz mines
United States (US) President Donald Trump said the US Navy has cleared the Strait of Hormuz of mines, removing one of the supply risks that has kept the Oil market on edge.
WTI slides as traders shrug off US sanctions on Iran, Hormuz risks persist
West Texas Intermediate (WTI) Oil edges lower on Tuesday, extending its decline for a second straight day as traders look past Washingtonâs latest economic pressure on Iran.
Canadian Dollar: Trading near fair value against US Dollar - Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe USD/CAD trading close to their fair value estimate around 1.3842 as the Canadian Dollar (CAD) reacts to trade headlines and weaker Oil prices.
Oil: Chinese demand peak shifts market balance â Commerzbank
Commerzbankâs Carsten Fritsch notes that softer-than-expected US sanctions on Iran have added to downward pressure on Oil prices despite severe disruptions to tanker traffic through the Strait of Hormuz.
WTI plummets to near $82 as US economic pressure on Iran seems less risky
West Texas Intermediate (WTI), futures on NYMEX, trade 3% lower at around $82.00 during the European trading session on Tuesday.
Gold Price Forecast: XAU/USD holds onto early losses near $4,630, US Yields plunge
Gold price (XAU/USD) is down 0.4% to near $4,630 during the European trading session on Tuesday. The precious metal corrects after failing to extend the rally above $4,700 earlier in the day.
WTI slides below $84.00 on firmer USD but US-Iran tensions limit deeper losses
West Texas Intermediate (WTI) â the benchmark US Crude Oil price â attracts fresh sellers following an intraday uptick to the $85.35 region and turns lower for the second straight day. The commodity slides below $84.00 during the early European session, though the downside potential seems limited.
Indian Rupee jumps to weekly high amid lower Oil prices, declining US Yields
The Indian Rupee (INR) opened almost flat against the US Dollar (USD) on Tuesday, but there is a significant appreciation in India's afternoon trading hours.