Oil prices rise amid US-Iran tensions and Strait of Hormuz activity

Claims

What the coverage asserts, and how many sources carry each claim.

• [○ 1 SOURCE] Palladium prices declined by over 4.3% to $1,360.83 per ounce.
• [● 2 SOURCES] Spot gold prices fell by approximately 0.4% to around $4,433 per ounce.
• [○ 1 SOURCE] Geopolitical tensions in the Middle East contributed to US crude oil prices rising above $85 per barrel.
• [● 2 SOURCES] Markets are pricing in a greater than 60% probability of a Federal Reserve interest rate hike in September.
• [● 2 SOURCES] Despite recent declines, gold is on track for its best monthly performance since January, up approximately 10% in August.
• [○ 1 SOURCE] Platinum prices dropped by 2% to $1,783.55 per ounce.
• [● 3 SOURCES] Fed Chair Kevin Warsh indicated that interest rate hikes may be necessary to curb inflationary pressures.
• [● 2 SOURCES] Silver prices decreased by 0.2% to $66.24 per ounce.
• [○ 1 SOURCE] Following extreme clusters of signals, the S&P 500 has lost an average of 3.5% over the subsequent three months. www.ftnews.sk
• [○ 1 SOURCE] The record for Hindenburg Omen occurrences is 16 times, which preceded a 19% market drop in 2018. www.ftnews.sk
• [○ 1 SOURCE] US President Donald Trump threatened further military actions against Iran.
• [● 2 SOURCES] Fed official Kevin Warsh stated that current monetary policy is not sufficiently restrictive.