Why is Crude Oil priced for a reopening the ships haven’t made?
Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day.
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Gold Price Forecast: XAU/USD awaits US CPI inflation for the next big move
Gold is back on the bids and looks to regain the $4,400 level in Wednesday’s Asian trading, having found buyers near the $4,350 region. All eyes remain on the high-impact US Consumer Price Index (CPI) data, which could determine if Gold stretches higher or corrects sharply.
911 million shares freed: Why SpaceX rallied into its own supply
The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up.
XAG/USD Price Forecast: Silver pauses recovery, holds around $65
Silver prices are stable around the $65 mark in the American session on Wednesday, after briefly trading above $66, its highest in nearly two months.
Australian Dollar Price Forecast: Looking to extend the recovery
The Aussie Dollar’s recovery appears to have met some resistance in the 0.7070-0.7080 band against the US Dollar so far. Indeed, AUD/USD still shows signs of struggling to surpass 0.7000 in a sustainable fashion, while the constructive outlook still appears unchanged above its key 200-day SMA.
Gold Price Forecast: XAU/USD extends bullish run above $4,400; will it last?
Gold is holding firm above $4,400 in Asia on Tuesday, extending its bullish run into a third consecutive day. Traders now look forward to Wednesday’s US Consumer Price Index (CPI) release for the next major move.