Market News - Gold, Oil &amp; Forex

Bitcoin Shy to Move Up, But Refuses to Fall

Market Overview The crypto market continues to fluctuate, returning for the third time this week to market capitalisation levels around $2.57T, although at the end of last week it dipped to $2.5T following an earlier surge to $2.7T in May. Over the past 24 hours, the top-performing coins have been Near Protocol (+7.3%), Internet Computer […] The post Bitcoin Shy to Move Up, But Refuses to Fall appeared first on ActionForex.

Commodities

Why Gold is Testing Key $4500 Support Amidst Shifting Market Sentiment

Gold prices are under intense scrutiny as they hover around the critical $4500 per ounce support level. The precious metal faces pressure from a risk-on environment, despite a weaker dollar and strength in industrial commodities like copper.

Gold and Silver Rally as Oil Prices Tumble Amid Strait of Hormuz Ceasefire Hopes

Gold and silver prices saw a notable rebound, mirroring a sharp decline in crude oil, as markets reacted to diplomatic signals suggesting a potential US-Iran ceasefire extension and the reopening of the Strait of Hormuz. However, lingering uncertainty over the specifics of any agreement capped further upside.

Can Gold Break $4,600 as US-Iran Peace Hopes Sink the Dollar?

Gold prices surged past $4,550 on Monday, buoyed by increasing hopes for a US-Iran peace deal that is weakening the US Dollar and pressuring oil. Investors are closely watching key geopolitical developments and their impact on major currency pairs.

Is EUR/USD Poised for a Breakout as Sterling Surges Past 1.3450?

EUR/USD is trading cautiously around 1.1600, caught between geopolitical hopes and persistent inflation, while GBP/USD shows renewed strength, breaking above 1.3450. Traders are watching key technical levels for directional cues.

EUR/USD Tests 1.1600 as Geopolitical Hopes Clash with Stubborn Inflation

The EUR/USD pair opened the week trading near 1.1600, marking little change from last week's close. Investor sentiment is being pulled in opposing directions by cautious optimism over Middle East diplomacy and persistent inflationary pressures driven by high oil prices.

Is the Euro Set to Rally as ECB Signals June Rate Hike Amid Inflation Fears?

The Euro found tentative support as ECB President Christine Lagarde hinted at upward revisions to inflation forecasts, increasing the likelihood of a June rate hike. Meanwhile, the Reserve Bank of New Zealand faces a divided outlook, with a majority favoring a hold while some push for immediate tightening.

Gold Prices Soar Past $4,550 as US-Iran Peace Hopes Trigger Dollar Decline

Gold prices surged to approximately $4,556 on Monday, driven by escalating hopes for a US-Iran peace deal. This geopolitical development weakened the US Dollar and sent oil prices sharply lower.

Is EUR/USD Poised for a Breakout Above 1.1660 Amid Shifting Market Sentiment?

The EUR/USD pair is navigating a neutral intraday bias, holding above 1.1575 but facing resistance near 1.1660. A decisive break above this level could signal the end of its corrective phase, while a fall below 1.1575 would renew downside pressure.

Crypto

CoinQuant introduces trading infrastructure for the agent economy

CoinQuant, the AI-powered no-code trading platform that has attracted over 15,000 users since launch, today announces its expansion into a unified trading intelligence architecture built for both human traders and autonomous AI agents.

Commodities

Gold: Key $4500 support under scrutiny – Scotiabank

Scotiabank’s Global FX Strategy team observes renewed strength in non-energy commodities such as copper, while emphasizing that Gold remains anchored by the technically important $4500/oz level.