Yen surges for second day, USD/JPY drops below 156; oil and gold rise
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
Gold upside is capped by Fed rate hike risks and the US-Iran conflict; traders await US CPI for direction.
Gold rebounded from a near-four-week low to trade above $4,400, with technical levels and the upcoming US jobs report in focus.
Trump considers declaring an end to the Iran war, while the Pentagon extends troop deployments. Gold rebounds and the yen strengthens.
Trump is privately weighing declaring the Iran war over, while the Pentagon extends deployments, indicating a possible conflict into next year.
The Dutch central bank moved 86 tonnes of gold from the US and Canada to London between March and August, citing geopolitical unrest.
Gold futures down over 8% from August peak; dip-buying opportunity conditional on reclaiming 4,360-4,361.
Silver fell after Fed Chair Warsh's hawkish remarks, reversing Treasury gains. Market eyes US CPI data for rate path clues.
Gold extended its decline, breaking below key technical levels amid rising bond yields and geopolitical tensions.
Schroders upgraded its gold outlook on central bank buying, maintained pro-cyclical equity and bond stance, flagged inflation and AI risks.
Bitcoin fell over 2% to $77,363 on Tuesday as US-Iran attacks pushed investors into risk-off mode.
Robert Kiyosaki's $1.2 billion debt is secured by apartment buildings, not his Bitcoin or gold. His personal share is far lower.
Arch Lending has added PAX Gold and Tether Gold as loan collateral, offering LTV up to 75% and loans starting at $250,000.
Gold lost nearly $100, dropping to $4353 and its lowest level since August 18, as sellers broke through key support.
Gold dropped 5.5% from a three-month high, but Goldman Sachs still forecasts 10% upside to $4,900 by year-end.