April 7, 2026 7:05 am
Spot Gold held mostly steady on Tuesday, but remained under pressure by a firmer US Dollar amid uncertainty over a Middle East peace truce. Yet, ceasefire hopes seemed offset by risks of further escalation. A firmer dollar makes dollar-priced Gold less appealing to international investors holding other currencies. US President Donald Trump said the ceasefire […]
Read moreApril 7, 2026 6:40 am
Key Moments: WTI trades just below the mid-$105.00s in Asian hours, gaining over 1.5%. Traders focus on fading US-Iran ceasefire hopes and rising military risks. Meanwhile, the 100-period EMA, MACD, and RSI support a near-term bullish view. Geopolitical Tension Supports WTI Rally West Texas Intermediate (WTI), the US Crude Oil benchmark, attracts fresh buying during […]
Read moreApril 6, 2026 2:23 pm
Key Moments Brent crude has fallen back from recent highs near USD119/bbl, but OCBC strategists believe geopolitical risk remains elevated. OCBC’s base case projects Brent easing to a USD85–70 range over the next 6–12 months, despite ongoing supply concerns. Tension around the Strait of Hormuz is viewed as “controlled disruption” rather than a resolution, with […]
Read moreApril 6, 2026 2:13 pm
Key Moments U.S. natural gas prices stayed near recent levels even as Europe and Asia LNG benchmarks climbed roughly 70%. Limited U.S. liquefaction capacity kept domestic gas pricing anchored to local supply-demand dynamics rather than global LNG strength. Working gas in storage reached 1,865 Bcf, standing 96 Bcf above last year and 54 Bcf above […]
Read moreApril 6, 2026 1:00 pm
Key Moments XAU/USD trades near $4,691 after rebounding from an intraday low around $4,600 as the US Dollar weakens. Reports of US-Iran ceasefire talks and plans to reopen the Strait of Hormuz improve sentiment and ease oil prices. Gold holds above the 100-day SMA at 4,654, while RSI and MACD signal improving momentum. Gold Firms […]
Read moreApril 6, 2026 8:40 am
Key Moments WTI trades near $103.30 in early European deals, easing after news of a potential 45-day US-Iran ceasefire. OPEC+ confirms a modest production increase of 206,000 bpd for May while signaling readiness to adjust output quickly. Traders await the API weekly inventory report for signals on US crude demand and supply. Ceasefire Talks Pressure […]
Read moreApril 6, 2026 8:24 am
Key Moments: Brent crude oil traded around $110 per barrel after recent attacks and Hormuz closures described as the biggest supply disruption in market history by the IEA. OPEC+ increased production quotas for May, but war-related constraints on key members continue to restrict actual supply. Oil prices remained only slightly below the $120 level reached […]
Read moreApril 6, 2026 7:24 am
Key Moments XAG/USD trades about 0.7% lower near $72.50 in late Asian dealings, moving in a tight consolidation band. Traders monitor Iran’s reaction to U.S. President Donald Trump’s Tuesday 8:00 PM ET ultimatum on reopening the Strait of Hormuz. Technical picture remains mildly bearish with prices below the 20-day EMA and the RSI at 43, […]
Read moreApril 6, 2026 5:52 am
Key Moments Gold (XAU/USD) bounced from the $4,600 area during the Asian session but showed little follow-through buying. Expectations of higher global interest rates and a firm US Dollar continued to restrict upside for the non-yielding metal. Price is holding near the 38.2% Fibonacci retracement of the March decline, with resistance seen around $4,758 and […]
Read moreApril 3, 2026 12:22 pm
Key Moments Physical Brent crude in the North Sea touched $141.37 per barrel, the highest level since 2008. The Strait of Hormuz has remained closed for more than a month, in what the International Energy Agency called the largest supply disruption in oil market history. A widening gap has emerged between physical Brent prices and […]
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