Gold Edges Higher Above $4,550 on Fragile US–Iran Ceasefire

Oil Retreats as Tenuous Ceasefire Holds

Global crude benchmarks began retreating Tuesday (May 5) as the Pentagon moved to ease market panic, confirming that the ceasefire between Washington and Tehran remains intact despite the heaviest military clashes since the truce took effect in early April. International benchmark Brent crude futures dropped more than 2 percent to US$111.45 per barrel by Tuesday morning in New York, while US West Texas Intermediate (WTI) futures shed over 3 perc…

Gold edges higher above $4,550 on fragile US–Iran ceasefire

The post Gold edges higher above $4,550 on fragile US–Iran ceasefire appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) trades in positive territory near $4,575 during the early Asian session on Wednesday. The precious metal edges higher as markets weigh developments in the Iran war. Traders will keep an eye on the US ADP Employment Change report, which is due later on Wednesday.  US Defense Secretary Pete Hegseth said on Tuesday that the…

Trump’s Fragile Ceasefire with Iran: A Tenuous Balancing Act

War Secretary Pete Hegseth insists “the ceasefire is not over,” despite renewed combat between U.S. and Iranian forces. The post Hegseth Clings to Phony Ceasefire to Help Trump Evade War Powers Pressure appeared first on The Intercept. Source

Sure Looks Like War, But Don't Call It War

The Washington Post updates on the state of play in President Donald Trump’s now two-months-and-counting old war on Iran, which the administration now insists isn’t happening at all in a bid to thwart the War Powers Act as the deadline for congressional authorization blows by like a worn-down speedbump: Defense Secretary Pete Hegseth said Tuesday […]