Gold & Silver Market News — Apr 14, 2026, 00:10–04:10 UTC
Precious Metals Under Pressure from Oil and Inflation Concerns
Gold prices retreated approximately 0.20% on Monday as rising crude oil prices sparked concerns about persistent inflation that could keep central banks, including the Federal Reserve, from cutting interest rates. Silver also faced headwinds, with prices declining 0.33% after gapping down over the weekend due to negative sentiment surrounding US-Iran conflict developments, though it managed to recover from daily lows of $72.61.
Broad US Dollar Weakness Dominates Currency Markets
The US Dollar experienced significant weakness across major currency pairs, with the Dollar Index falling to six-week lows near 98.36. This broad-based dollar decline lifted multiple currencies including EUR/USD to 1.1757 (up 0.32%), GBP/USD to seven-week highs above 1.3500 (up 0.35%), and NZD/USD toward the 0.5880 region despite ongoing geopolitical tensions. Even USD/JPY pulled back from near 160.00 levels to settle around 159.35.
Oil Surge Benefits Commodity Currencies While Pressuring Importers
Rising crude oil prices created a mixed impact across global markets, with commodity-linked currencies like the Canadian Dollar gaining ground as USD/CAD slipped 0.40% below 1.3800. Conversely, Asian foreign exchange markets faced pressure, particularly high-beta oil importers including the Korean Won, Thai Baht, Philippine Peso, and Indian Rupee, though resumed transit through the Strait of Hormuz helped temper some tail risks.
Central Bank Policy Expectations in Focus
Market attention turned to anticipated central bank policy adjustments, particularly from the Monetary Authority of Singapore (MAS), which is expected to normalize its Singapore Dollar Nominal Effective Exchange Rate policy band and potentially tighten policy in April 2026 to counter imported inflation. Additionally, reports indicated that Fed chief nominee Warsh has cleared procedural hurdles for Senate hearings.
Chinese Technology Sector Maintains Momentum
Despite shifting market focus toward Middle East tensions, China's innovation-led sectors continued to attract attention, with the Shenzhen Chinext index showing strong performance supported by advanced manufacturing, green energy, and semiconductor companies.
Sources