April 17, 2026 8:39 am
Key Moments Silver (XAG/USD) trades near $78.70 in a narrow range as markets await timing details on a second round of US-Iran talks. US President Donald Trump says a deal with Iran is “very close” and that Iran has “agreed to almost everything.” Pressure on the US Dollar and firmer dovish Federal Reserve expectations are […]
Read moreApril 17, 2026 8:35 am
Key Moments ING Economics projects a structural deficit in the aluminium market, with a base case shortfall of around 2Mt if current disruptions ease only gradually. Capacity losses at Gulf smelters are now estimated at about 3 million tons annually, representing nearly 50% of regional production. Aluminium prices have surged about 13% since the end […]
Read moreApril 17, 2026 7:51 am
Spot Gold was mostly steady on Friday and was on course for a fourth consecutive weekly gain amid optimism about a potential US-Iran peace deal. US President Donald Trump said the next round of talks between the United States and Iran might take place over the weekend. In addition, a 10-day truce between Israel and […]
Read moreApril 17, 2026 6:34 am
Key Moments XAU/USD trades near $4,800 in Asian hours, with little daily change. Tensions in the Strait of Hormuz support the USD. However, optimism over US-Iran talks and softer Fed expectations limit gains. Gold remains on track for a third weekly rise, despite pulling back from a recent high. Mixed Drivers Keep Gold Range-Bound Gold […]
Read moreApril 16, 2026 2:40 pm
Spot Gold maintained ground near a 1-month high on Thursday on the back of a softer US Dollar and lower Treasury yields amid optimism about a potential end to the Middle East conflict. US President Donald Trump said that he believed the war with Iran may be coming to a conclusion soon, while the White […]
Read moreApril 16, 2026 11:39 am
Key Moments WTI Crude trades near $89.35, holding below $90.00 and staying within the prior session’s range. Sentiment improves after comments from US President Donald Trump on “productive” talks with Iran. Meanwhile, US EIA data showed a 0.913 million-barrel inventory draw, beating expectations for a build. WTI Price Action Centers on Geopolitics WTI Crude Oil […]
Read moreApril 16, 2026 9:22 am
Key Moments Rabobank’s Michael Every contends that oil futures prices are not adequately capturing ongoing war and supply disruption risks related to Iran and the Strait of Hormuz. He outlines outcomes from a potential broad US victory over Iran to extended blockades and deeper escalation that may only be reflected in physical oil markets. Recent […]
Read moreApril 16, 2026 8:33 am
Spot Silver held near a 1-month high on Thursday on the back of a softer US Dollar and lower Treasury yields amid optimism about a potential end to the Middle East conflict. US President Donald Trump said that he believed the war with Iran may be coming to a conclusion soon, while the White House […]
Read moreApril 16, 2026 6:49 am
Key Moments Gold (XAU/USD) trades around $4,835, close to a nearly four-week high after recovering from the prior session’s pullback. Expectations for progress in US-Iran diplomacy and waning odds of a Federal Reserve rate hike weigh on the US Dollar and underpin bullion. Ongoing geopolitical tension in the Gulf and Israel-Lebanon theater keeps safe-haven demand […]
Read moreApril 16, 2026 6:07 am
Key Moments XAG/USD trades just above $80.00, up 1.50% on the day. It recently touched a high near $80.50. Moreover, a move above the 200-period SMA on the 4-hour chart supports a bullish bias. Price also holds above the 50% Fibonacci retracement of the March decline. Meanwhile, resistance stands at the 61.8% Fibonacci level at […]
Read more