GBP/USD trades around 1.3500 on Thursday, virtually unchanged on the day, after recovering earlier losses following the release of stronger-than-expected UK activity data. The Pound Sterling (GBP) draws support after S&P Global data showed a stronger-than-expected rebound in business activity. The flash Composite Purchasing Managers Index (PMI) rises to 52 in April, well above market

U.S. Treasury Secretary Scott Bessent has announced a 30-day extension of sanctions waivers on maritime shipments of oil products from Iran and Russia, AzerNEWS reports. According to Bessent, the decision was made in response to requests from several countries facing rising risks of fuel shortages due to recent instability affecting shipping traffic in the region.

Gold and silver markets are consolidating, with gold around $4,750 and silver near $78. Analysts believe silver may outperform due to industrial demand and valuation dynamics, despite geopolitical tensions affecting both metals’ prices. Gold and silver markets are entering a phase of consolidation, but beneath the surface, a shift in momentum may be underway. While

Gold remains capped below $4,700, pressured by a stronger US Dollar and reduced Fed rate cut expectations.Geopolitical tensions around the Strait of Hormuz support the Greenback and weigh on the non-yielding metal.XAU/USD keeps a bearish bias below key moving averages, with downside risks. Gold (XAU/USD) remains under pressure on Thursday but holds near $4,700 at