MUFG’s Lee Hardman notes the US Dollar (USD) has gained modestly as renewed US–Iran tensions lift Brent Oil back to USD80, with markets rebuilding a geopolitical risk premium. He highlights that higher Oil prices could reinforce upside US inflation risks just as the Fed considers further rate hikes, with June Consumer Price Index (CPI) and

Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rebounded in June after declining since March, rising by around 3.05 million barrels per day (bpd) from the previous month. In June, OPEC’s total output stood at about 22 million bpd, according to the group’s latest Monthly Oil Market Report on Monday. The

July 13 (Reuters) – Gold ​prices fell for a second straight session on Monday as renewed ‌hostilities in the Middle East added to inflationary concerns and bolstered expectations that the U.S. Federal Reserve will keep interest rates higher for longer. Spot gold slid 1.4% to $4,061.64 per ounce by 1100 ​GMT, while U.S. gold futures

Silver (XAG/USD) attracts sellers on Monday after renewed fighting between the United States (US) and Iran over the weekend revived energy-driven inflation concerns and reinforced expectations of a Federal Reserve (Fed) interest rate hike later this year. At the time of writing, XAG/USD trades around $58.30, down more than 2% on the day. According to