Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
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Silver Price Forecast: XAG/USD attempts to stabilize above $55.00
Forex
Rising Treasury yields provided support to the American currency.
Pound Sterling Price News and Forecast: GBP/USD slips as Burnham fiscal pledge fails to lift Sterling
Foreign exchange strategists at MUFG expect the Indian Rupee to recover gradually against the US Dollar over the next year, forecasting USD/INR will ease to 95.00 by the middle of 2027 as foreign capital inflows strengthen and the Reserve Bank of India continues to support the currency. The USD/INR exchange rate traded around 96.3 on.
So, all in all, the loudest weekend of the war produced American deaths, a collapsed ceasefire, and oil at a one-month high, and gold could not hold thirty dollars of a bounce.
Euro loses momentum as US Dollar recovers from intraday lows
A week after a similarly below-expectation report from the US, Canadian inflation cooled more sharply than expected in June, easing concerns that the recent energy-driven increase was spreading across the broader economy. Headline CPI slowed to 2.8% y/y from 3.2% in May, while prices fell -0.4% m/m.
Gold swings around $4,000 as conflicting Middle East headlines drive markets
Gold is caught between Iran war demand and rising rate pressure as higher oil, firm yields and a stronger dollar cap the metal's upside.
Currency analysts at MUFG predict the Euro to recover ground against the Pound Sterling over the coming months, forecasting the Euro-Pound rate will strengthen to 0.8700 as Sterling's recent rally fades and UK political optimism proves difficult to sustain. The Euro to Pound exchange rate (EUR/GBP) traded close to 0.85 on Monday.
Morgan Stanley expects the Pound to weaken against the Australian Dollar over the coming months, forecasting GBP/AUD will fall to 1.82, as improving sentiment towards Australia contrasts with growing political and fiscal risks in the UK. The Pound to Australian Dollar exchange rate (GBP/AUD) traded around 1.93 on Monday after rebounding.
Gold: Fed risks and Dollar strength cap upside – TD Securities
The gold market has bounced a bit during the early part of the trading session on Monday, as we continue to see the death cross loom large. At this point in time, the market still watches several things at once.
Euro: ECB pause seen limiting downside against US Dollar – BBH
Silver continues to see bottom fishing early on Monday, as we continue to see a lot of questions asked of the overall market consensus.
British Pound: Sterling shifts into broader range against US Dollar – UOB
Foreign exchange analysts at Bank of America forecast the Euro to weaken against the US Dollar over the coming months, projecting EUR/USD will fall to 1.12 in the third quarter before recovering to 1.15 by the end of 2026. The Euro to Dollar exchange rate (EUR/USD) traded around 1.15 on Monday after recovering from recent lows near 1.12,.
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