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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Lower As Treasury Yields Rise
Gold pulled back as traders reacted to the strong rally in the oil markets. Oil prices rallied as traders focused on attacks in the Strait of Hormuz. According to Iran’s demands, all vessels should go through approved routes. It looks that vessels that choose other ways are attacked by Iran. Rising oil prices reduced demand for risk assets, which was bearish for gold that continues to trade as a risk asset. Treasury yields gained ground as higher oil prices raise inflationary risks. The yield of 2-year Treasuries climbed above the 4.15% level, while the yield of 10-year Treasuries settled above 4.50%. Rising ... (full story)
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China's central bank reported its biggest monthly increase in gold reserves in more than two and a half years in June, official data showed on Tuesday, although bullion prices tumbled. China's central bank maintained gold purchases for a twentieth straight month, with its reserves hitting 75.44-million fine troy ounces by the end of June, versus ...
*US IS REVOKING IRAN-RELATED GENERAL LICENSE TO EXPORT OIL *IRAN'S ACTIONS IN STRAIT OF HORMUZ WHOLLY UNACCEPTABLE: OFFICIAL 
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil Products of Iranian Origin Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1. Except as provided in paragraph, all transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the wind down of transactions previously authorized by General License X are authorized through 12:01 a.m. eastern daylight time, July 17, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. Note to paragraph (b). Except to the extent ordinarily incident and necessary to the wind down of transactions previously authorized by General License X for the production, sale, delivery, or offloading of crude oil, petrochemical products, or petroleum products of Iranian origin, paragraph (b) does not authorize any new transactions, including purchases or loading of such products on or after July 7, 2026.
From financefeeds.com | 6 hr ago
The World Gold Council expects gold to remain broadly range-bound through the second half of 2026 unless geopolitical tensions intensify or the global economy weakens more sharply than markets currently anticipate. In its Gold Mid-Year Outlook 2026, published on July 1, the industry body argues that the precious metal has entered a more balanced phase after ...
