Gold falls as energy prices raise inflation concerns

Welcome to Venor News, New York Edition. I'm Gracy Skai.

The Wall Street Journal reports gold is lower as energy prices raise inflation concerns.

Bloomberg reports oil is higher after deadly attacks in Saudi Arabia.

The Financial Times reports global stocks are lower as oil prices rise.

Bitcoin is down, and the wider crypto market is selling off.

First, currencies. Euro-dollar is little changed, down 0.08 percent. The pound is flat, down 0.02 percent. Dollar-yen is the big mover, down 0.75 percent, and the dollar is softer against most majors.

Our number of the day: 6.7 percent. That's how far XRP has risen this week.

Gold is the story. It is down 1.32 percent today, and 1.85 percent this week. The daily structure is mixed, but the four-hour trend points lower, and sellers are in control. The Conversation reports that a new pick for Federal Reserve chair has hit gold and silver markets. Traders will watch today's US unemployment claims, and on Friday the consumer sentiment and inflation expectations figures. In energy, oil is up 1.88 percent today, and Bloomberg reports supply fears in the Middle East.

Crypto now. Bitcoin is down 3.08 percent today, at 82,001 dollars, but still up 1.37 percent this week. On the shorter view, buyers are slightly ahead. BigGo Finance reports Ledger has launched stablecoin borrowing against Bitcoin collateral, a new lending product that could affect liquidity and leverage. Ethereum and Solana are down more than 3 percent today.

The key number today is US unemployment claims at 8:30 New York time.

Finally, at the time of this recording, our live barometer showed: dollar-yen is clearly bearish, pound-dollar leans bullish, and gold leans bearish. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.