Commerzbank’s Thu Lan Nguyen argues that in the short term EUR/USD gains are capped as markets may be overestimating the European Central Bank’s (ECB) reaction to the latest inflation shock. She notes the Euro (EUR) and Pound (GBP) have held up better than in 2022 thanks to expectations of quicker tightening. Over the longer term,

Oil prices jumped more than 5% on Monday, on fears that the ceasefire between the ‌United States and Iran could collapse after the U.S. seized an Iranian cargo ship, while traffic through the Strait of Hormuz stayed largely halted. Brent crude futures advanced $5.08, or 5.62%, to $95.46 a barrel by 0418 GMT and U.S.

The Silver Institute predicts that despite strong demand for coins and bars and dwindling supply, The Silver Institute predicts that despite strong demand for coins and bars and dwindling supply, the global silver market will be in deficit for a sixth year in a row. According to the industry group’s annual outlook, which was released

Gold prices fell on Monday as the dollar firmed, while ‌news the Strait of Hormuz is closed again pushed oil prices higher, reviving inflation fears. Spot gold was down 0.7% at $4,794.21 per ounce, as of 0537 GMT, after hitting its lowest since April 13 earlier in ​the session. U.S. gold futures for June delivery