TD Securities warns gold may drop to $4,200 near term, $5,350 target by 2027
TD Securities warns gold may drop to $4,200 near term but maintains a $5,350 target by 2027, with dollar weakness insufficient to support prices.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
TD Securities warns gold may drop to $4,200 near term but maintains a $5,350 target by 2027, with dollar weakness insufficient to support prices.
UBS says the Venezuela oil deal is strategically significant but unlikely to move crude prices in the near term, with Strait of Hormuz risk dominating.
Oil producers use ship-to-ship transfers and dark transits to bypass Hormuz threats, keeping flows stable despite ongoing conflict.
A tanker was struck by three projectiles while leaving the Strait of Hormuz, UKMTO reported. No casualties or damage were reported.
Strategic Petroleum Reserve fell to 286.6 million barrels, lowest since 1982. Trump blames Biden, but both administrations saw drawdowns due to wars.
Oil buyers missed a technical opportunity as the rally reversed at the 100-day moving average, shifting control to sellers.
Platinum trade idea targets 2,621 with entry near 1,805 and stop below 1,737, offering a 12:1 reward-to-risk ratio.
Gold futures show a mildly bullish intraday recovery after reclaiming VWAP near 4,488, but major resistance at 4,500-4,540 looms.
Gold fell sharply after Fed Chair Warsh's hawkish Jackson Hole speech, erasing most gains from the US Treasury announcement.
Oil prices jumped after the US struck Iran's Larak Island and Iran retaliated, but a stalemate is expected to limit losses.
Iran's IRGC says a supertanker illegally traversing the Strait of Hormuz hit two naval mines and caught fire.
Iran strikes UAE and Jordan bases, warns US of full responsibility for escalation; oil prices jump.
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
Gold extended its decline on Monday, continuing Friday's sharp selloff triggered by Fed Chair Warsh's hawkish Jackson Hole speech, as no fresh catalysts…
Trump announced majority control of 65 billion barrels of Venezuelan oil, but prices jumped due to other risk factors.