A U.S. official has denied reports suggesting that the United States has agreed to unfreeze Iranian assets, according to the White House.
📉 Gold Market Overview
Gold remains under pressure, holding intraday losses above $4,700 as hawkish Federal Reserve expectations continue to support a stronger U.S. dollar.
🌍 Geopolitical Tensions (Middle East)
U.S. Vice President JD Vance presented a final deal to Iran, which was rejected.
Former President Donald Trump warned that the U.S. Navy could potentially block the Strait of Hormuz, increasing risks to global oil supply.
Israel continues military strikes in Lebanon, raising the likelihood of further regional escalation.
🛢️ Oil Market Surge
Oil prices have surged to around $105 per barrel, marking a four-year high.
➡️ Higher oil prices are likely to fuel global inflation pressures.
🏦 Federal Reserve Outlook
Rising inflation reduces the probability of near-term rate cuts.
The “higher-for-longer” interest rate narrative is strengthening.
💵 Market Impact Summary
U.S. Dollar (USD): Strengthening
Gold: Weakening due to higher interest rate expectations and lack of yield
Inflation: Rising due to elevated energy prices.
#CryptoNews #forexmarkets #GOLD #XAUUSD #USD #DXY #OilPrices #Inflation
