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Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This is seen as a key factor acting as a tailwind for the bullion. The fundamental backdrop, however, warrants some caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation
Iran's economic instability and geopolitical tensions hinder recovery, reducing confidence in a timely U.S.-Iran nuclear agreement.
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The UAE's criticism of Iran's tanker attacks may hinder diplomatic efforts, escalating regional tensions and complicating nuclear deal prospects.
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The post Iran-Israel Strikes Push Bitcoin Down 1% to $62,657 appeared on BitcoinEthereumNews.com.
IRAN-ISRAEL News Bitcoin (BTC) slipped to $62,657 in Asian trading hours on Tuesday, down nearly 1% since midnight UTC, after the United States and Iran exchanged fresh aerial strikes and drove the dollar higher. The renewed Iran-Israel-linked conflict, which has repeatedly rattled risk markets this year, sent traders reaching for safety again. Major altcoins followed the leader lower: Ether (ETH), XRP (XRP) and Solana (SOL) each fell between 1% and 2.3% over the same window. Our reading of the tape shows the selling was orderly rather than a panic flush, but the geopolitical bid for the dollar kept a firm lid on every major token through the session. The commodity side amplified the pressure. WTI crude futures jumped more than 2% to $72.27 a barrel as the strikes reignited fears over supply through one of the world’s most sensitive energy corridors. The Dollar Index held steady above 101.
Increased diplomatic pressure on Iran may strain peace negotiations, potentially destabilizing regional security and impacting global markets.
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The US-Iran tensions highlight crypto's dual role as a financial workaround and regulatory challenge, impacting global markets and policy debates.
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The military strike exacerbates U.S.-Iran tensions, diminishing prospects for diplomatic solutions and impacting global geopolitical stability.
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The post Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) attracts some buyers to near $60.35, snapping the two-day losing streak during the early European session on Wednesday. The white metal edges higher amid a softer US Dollar (USD) ahead of the release of the June FOMC meeting Minutes. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The latest developments could raise energy-driven inflationary fears and reaffirm the US Federal Reserve’s (Fed) “higher for longer” policy stance, which would weigh on the white metal. T
The incident highlights the geopolitical risks impacting global oil supply and underscores the potential regulatory scrutiny on crypto transactions.
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