Precious metals

Gold was bouncing off its earlier lows at the time of writing, though remained lower on the weak after being unable to drive much higher despite the tensions between Israel and Iran for the past 7 days.

In the last two trading sessions, gold has declined by just over 2% after attempting to consolidate around its historical high levels, as demand for safe-haven assets has weakened in the short term.

Gold's rally may be running out of steam, with bearish reversal patterns and historically weak June seasonality pointing to a potential pullback.

Gold may have cooled from its recent highs but make no mistake—the precious metal is far from out of the spotlight.

There is little doubt about the gold outlook which remains positive amid raised geopolitical risks in the Middle East, ongoing trade tensions that don’t seem to go away and multiple other factors. The response of Iran is now going to be key.

Gold outlook dulled by improved sentiment around US-China trade talks, yet the metal was trading higher on the week at the time of writing. Investors will be eying key US data for next directional move in XAU/USD.

Gold was trading higher first thing this morning, despite hopes that the US and China will put their differences aside and work on a trade deal.

Over the past five trading sessions, gold has once again attempted to reach its all-time high zone, located around $3,400 per ounce.

Gold prices failed to extend gains in May for the first time since November. Seasonality and waning momentum point to a potential pullback in June.

The bullish gold forecast has taken a boost as trade tensions have returned to the headlines. And with bond markets wobbling, gold could be setting up for another leg higher.

EUR/USD, Silver Outlook: The U.S. Dollar Index climbed back above 100 after US trade court blocked major Trump-era tariffs, boosting sentiment despite weak economic data. The rebound pressured key support levels in EUR/USD (1.12) and silver (32.60). Will they hold?