Gold steadies as traders weigh Strait of Hormuz reopening prospects and US inflation data
Gold held steady as traders weighed prospects for a deal to reopen the Strait of Hormuz while awaiting US inflation data that could provide clues to the Federal Reserve's interest-rate path. Renewed Hormuz uncertainty had pushed oil sharply higher earlier in the week.
Detected & updated continuously · Source: Nebula
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Gold steadied, as traders weighed prospects for a deal to reopen the Strait of Hormuz while awaiting US inflation data that could provide fresh clues to the Federal Reserve’s interest-rate path https://t.co/QxQqoUWxkb
@watchernewsx
JUST IN: 🛢 Gold holds steady as traders eye US inflation data for Fed rate clues, with Strait of Hormuz reopening prospects also reportedly in the mix.
@PiQMarkets
GBP/USD and Oil Trading This Week: Navigating Hormuz Risk and US CPI Two catalysts are colliding this week: renewed uncertainty over the Strait of Hormuz has pushed oil sharply higher, while GBP/USD holds near multi-week levels ahead of Wednesday's US inflation data. For traders