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[ad_1] On Friday markets were worried about the geopolitical risk in Israel. Gold surged Yields move lower on flight to safety Oil surged Stocks moved lower. USD moved higher Although tensions remain elevated in Israel, and bombings continue, there was not the ground and/or air assault expected. So there was a reversal of the trends.
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[ad_1] Share: Gold price trades near $1,925 amid the mixed sentiment. The geopolitical tensions between Israel and Palestine boost the demand for XAU/USD. The upbeat US inflation report has prompted investors to price in a possible rate rise by the Federal Reserve (Fed). Investors will focus on the US Retail Sales, Chinese growth
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[ad_1] Recommended by Daniel Dubrovsky Get Your Free Gold Forecast It was a volatile week for certain corners of financial markets over the past few trading sessions. All eyes were on gold and crude oil prices. XAU/USD rallied almost 5.5 percent, marking the best 5-day period since the middle of March. Meanwhile, crude oil prices
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[ad_1] Share: WTI surged over 5%, trading at $90.87 per barrel, in response to escalating military actions between Israel and Palestine. Israel’s ground offensive in the Gaza Strip triggers a risk-off market mood, boosting safe-haven assets and oil prices. Iran’s Oil Minister predicts crude prices could hit $100 per barrel due to the
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[ad_1] OIL PRICE FORECAST: Most Read: What is OPEC and What is Their Role in Global Markets? Oil prices have held relatively steady through the European session following the gap in prices over the weekend. WTI closed last week at $82.74 a barrel before opening last night around the $85.00 a barrel mark as the
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[ad_1] © Reuters On Sunday, the U.S. dollar and the Japanese yen slightly increased from their positions late Friday, following violent incidents in Israel over the weekend. This rise indicates the profound impact that Middle Eastern turmoil can have on global financial markets, particularly on the USD. The USD’s status as a safe-haven currency is
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[ad_1] © Reuters. Investing.com– Most Asian currencies moved little on Friday as weak data from Japan ramped up concerns over slowing global economic growth, while the Chinese yuan slid to an over 15-year low against the dollar on renewed concerns over Sino-U.S. relations. The fell 0.2% to 7.3443, its weakest level against the dollar since