WTI Crude Drops 4% as Dollar Pressure Hits Energy Positioning
WTI crude shed more than 4% in Tuesday's session, pulling back sharply from recent highs as dollar strength and risk-off flows reshaped energy market
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WTI crude shed more than 4% in Tuesday's session, pulling back sharply from recent highs as dollar strength and risk-off flows reshaped energy market
Gold holds near $4,570 with modest gains as institutional demand meets dollar uncertainty and real yield signals keep traders cautious.
Silver trades at $75.04/oz during the evening session as dollar weakness and shifting Fed policy bets combine to drive XAG/USD to fresh highs.
Gold topped 4,537 per ounce in the evening session as softening Fed rate expectations and cautious risk appetite drove buyers back into the precious metal.
WTI crude surged 4.20% to $105.42 amid tightening global supply, with traders watching $107.46 as the next major test for sustained momentum.
Silver extended gains to $75.89 per ounce on May 16 as retreating dollar strength and shifting Fed rate expectations fueled fresh buying in the spot
Gold shed nearly 3% to $4,543.60 as a firmer dollar and fading Fed easing bets weighed on bullion, pulling prices back from an intraday high near $4,670.
Gold edged up 1.22% to $4,739 Thursday, staying near record territory as institutional buying and a cautious macro backdrop kept demand firm.
Emerging markets led by China and India represent nearly half of global gold demand, offsetting short-term price pressure from geopolitical turmoil and
WTI trades near $96.16 with $97.17 capping rebounds, while nearby support sits near $95.20.