\n 2026-08-12T05:57:17+00:00<\/p>\n
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Shafaq News<\/p>\n
Oil and gold prices climbed while regional
\nshares edged nervously higher on Wednesday as geopolitical tensions ratcheted
\nup ahead of key U.S. inflation data.<\/p>\n
The yen was mostly flat against the dollar,
\nhaving unwound much of its gains following rare intervention in currency
\nmarkets by Japan and the United States.<\/p>\n
The U.S. \u200band Yemen’s Iran-aligned Houthis reported
\nseparate attacks on shipping, while Asia was rattled by an early morning
\nmissile launch by North Korea. \u200cMarkets remained focused on U.S. consumer price
\nindex data later in the session for signals of timing for a potential Federal
\nReserve rate hike.<\/p>\n
“Market sentiment
\nis lukewarm amidst lingering geopolitical risk and as market participants head
\ninto U.S. CPI data,” Kyle Rodda, a senior financial market analyst at
\nCapital.com, wrote in a note.<\/p>\n
“The lack of
\nsubstantial news or \u200bprogress
\nin talks, with Iran doubling down on its commitment to govern the Strait of
\nHormuz, is keeping the risk for oil \u200bprices
\nskewed to the upside and U.S. indices on hold,” he added.<\/p>\n
U.S. crude rose 0.89%
\nto $83.94 a barrel, and \u2060Brent
\nadvanced to $89.60 per barrel, up 0.78% on the day. Both benchmarks settled
\nmore than $1 higher on Tuesday, marking their highest closes since July 31 and \u200bextending gains after jumping about 5% on
\nMonday.<\/p>\n
Spot gold gained 0.46%
\nto $4,387.03 an ounce. MSCI’s broadest index of Asia-Pacific shares outside
\nJapan (.MIAPJ0000PUS), opens new tab was up 0.5%, while Japan’s \u200bbenchmark Nikkei share gauge (.N225), opens new
\ntab traded flat as the market reopened after a holiday.<\/p>\n
Four crew members of
\nan Egyptian-owned ship were killed in an attack by Houthis on Tuesday, Yemen’s
\ntransport ministry said, while the U.S. military said it struck a container
\nship attempting to sail toward an Iranian port. The fatalities would mark the first
\nfrom a Houthi strike \u200bon
\nshipping since the Iran war began on February 28.<\/p>\n
The war shows no signs
\nof ending despite repeated claims from U.S. President Donald Trump \u200bof an imminent deal.<\/p>\n
A North Korean
\nballistic missile fired off the Korean Peninsula’s east coast came days ahead
\nof major joint military exercises by Seoul and Washington long \u200cdenounced by \u2060Pyongyang. Meanwhile, Taiwan condemned planned
\nnaval drills between China and an Indonesian warship off the island’s east
\ncoast.<\/p>\n
Wednesday’s CPI data
\nwill not capture the most recent rise in energy costs, but it could still prove
\ninstrumental in setting expectations for the Fed’s meeting next month, with
\nmoney markets showing an even chance of a hike .<\/p>\n
Consumer prices are
\nexpected to edge up 0.1% in July after falling 0.4% in June, according to a
\nReuters poll. Annual CPI inflation \u200bis
\nforecast to slow to 3.4% from \u200b3.5% a
\nmonth earlier.<\/p>\n
“Everyone’s got \u2060their eyes on the CPI report,” Skye
\nMasters, head of markets research at National Australia Bank, said on a
\npodcast. “If you do see the print coming in at zero, I think you’ll
\nobviously see a reasonable rally in \u200bTreasuries
\nas the market unwinds expectations for the Fed tightening.”<\/p>\n
Markets are also
\nincreasingly pricing in an early \u200brate
\nhike in Japan, \u2060putting
\npressure on the nation’s shorter-dated bonds. The yield on the 5-year Japanese
\ngovernment bonds rose to 2.1%, a record high, while the 2-year yield reached a
\n31-year peak of 1.63%.<\/p>\n
The dollar index ,
\nwhich measures the greenback against a basket of currencies, rose 0.04% to
\n99.85. The euro was down 0.02% at $1.1538.<\/p>\n
The Japanese yen \u2060weakened 0.03% \u200bagainst the greenback to 159.31 per dollar, remaining off last week’s
\nhigh of 155.20 after \u200bseveral
\nsuspected rounds of intervention. Sterling weakened 0.01% to $1.3501.<\/p>\n
In early European
\ntrades, the pan-region Euro Stoxx 50 futures were down 0.15% at 6,563, German
\nDAX futures fell 0.12% at 26,444, and \u200bFTSE
\nfutures lost 0.25% to stand at 10,825.<\/p>\n
U.S. stock futures,
\nthe S&P 500 e-minis , were up 0.03% at 7,750.<\/p>\n
Only the headline is
\nedited by Shafaq News.<\/p>\n","protected":false},"excerpt":{"rendered":"2026-08-12T05:57:17+00:00 font Enable Reading Mode A- A A+ Shafaq News Oil and gold prices climbed while regional shares…\n","protected":false},"author":2,"featured_media":810915,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[16993,4,450,15021,344137,451,3,3310,452,453],"class_list":["post-810914","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking","tag-breaking-news","tag-breakingnews","tag-gold","tag-gold-rise-as-geopolitical-risks-persist","tag-headlines","tag-news","tag-oil","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/810914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=810914"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/810914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/810915"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=810914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=810914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=810914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}