Market News - Gold, Oil & Forex

Gold (XAU/USD) edges higher on Tuesday as buying interest around the $4,000 psychological level supports prices, while traders assess developments in the Middle East and their potential economic fallout. At the time of writing, XAU/USD trades around $4,058, up 1.27% on the day.

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.

(RTTNews) - Oil prices were slightly lower on Tuesday, halting a recent rally as reports of mediation efforts between the United States and Iran helped ease worries over supply disruptions in the Middle East.

Silver (XAG/USD) is rallying, favoured by a mild US Dollar weakness on Tuesday.

Dow Jones futures gain 0.29% to trade around 52,220 during European trading hours on Tuesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.44% and 1.12%, trading near 7,520 and 29,100, respectively.

Gold (XAU/USD) regains positive traction following the previous day's two-way price moves, though it struggles to capitalize on the move and trades below the $4,050 level during the Asian session on Tuesday.

Gold (XAU/USD) trades in a volatile range on Monday as markets react to conflicting headlines from the Middle East. At the time of writing, XAU/USD trades around $4,010, little changed on the day after climbing to an intra-day high of $4,040.

Silver (XAG/USD) advances toward $56.90 per troy ounce on Monday at the time of writing, gaining 1.62% on the day. The precious metal continues to benefit from safe-haven demand as geopolitical tensions in the Middle East keep risk sentiment under pressure.

(RTTNews) - Gold was little changed on Monday, reversing early losses as the dollar eased and risk currencies rebounded on signs of renewed diplomatic efforts between the United States and Iran.

Esmaeil Baghaei Hamaneh, a spokesperson for the Ministry of Foreign Affairs of Iran, said during the European trading session on Monday that Tehran pursues war and diplomacy based on its national interests when asked whether the door to talks with the United States (US) was now closed, Reuters repor

Silver prices (XAG/USD) rose on Monday, according to PriceONN data. Silver trades at $56.83 per troy ounce, up 1.49% from the $56.00 it cost on Friday.

Gold (XAU/USD) reverses a modest Asian session dip to the $3,983-$3,982 area and is now looking to build on Friday's bounce from the monthly low. The intraday uptick is sponsored by a softer US Dollar (USD), which tends to benefit the commodity.