News

Gold price falls on strong US Nonfarm Payrolls yet is poised for weekly advance

Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary poli

Source  Fxstreet1749230140

United States Baker Hughes US Oil Rig Count: 442 vs previous 461

Source  Fxstreet1749229331
Silver smashes $35 in Asia futures breakout – TDS

Like a thief in the night, Silver prices broke through $35/oz. Last time Silver broke this range, it took roughly 6 weeks to trade $50/oz, TDS' Senior Commodity Strategist Daniel Ghali notes.

Source  Fxstreet1749218730
Chinese SHFE Gold traders hit record-high positioning – TDS

Despite muted ETF flows and flat Western macro participation, positioning data shows Chinese Gold speculators pushing SHFE Gold to record highs, setting the stage for a potentially range-bound market — with several bullish catalysts looming, TDS' Senior Commodity Strategist Daniel Ghali notes.

Source  Fxstreet1749218084
Gold treads water with US NFP and US-China trade talks in focus

Gold (XAU/USD) has fallen back into a narrow range of consolidation on Friday, trading around $3,363 at the time of writing and with Investors remaining on high alert ahead of the Nonfarm Payrolls (NFP) report release.

Source  Fxstreet1749211997
IEA expects rising investments in low-emission energies, decline in Oil investments – Commerzbank

The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.

Source  Fxstreet1749211047
OPEC Oil production rose less than agreed in May – Commerzbank

According to a Bloomberg survey, the nine OPEC countries bound by production targets increased Oil production by nearly 200 thousand barrels per day in May, Commerzbank's commodity analyst Carsten Fritsch notes.

Source  Fxstreet1749210525
Saudi Arabia lowers selling prices for Asia only slightly – Commerzbank

Saudi Arabia lowered the official selling prices (OSPs) for Oil deliveries to Asia in July only slightly, Commerzbank's commodity analyst Carsten Fritsch notes.

Source  Fxstreet1749209311
Gold Price Forecast: XAU/USD rally loses steam and approaches $3,340 support area

Gold (XAU/USD) is practically flat on Friday, trapped within the last few days' trading range. The broader trend remains positive, but the failure to breach resistance at the $3.400 area this week has shifted the focus towards the $3,440 support area.

Source  Fxstreet1749208955
Gold nears $3,400 as geopolitical risk and tariff tensions fuel flight to safety – Commerzbank

Gold has been showing strength for some time now: it is currently scratching at the $3,400 per troy ounce mark again, Commerzbank's commodity analyst Barbara Lambrecht notes.

Source  Fxstreet1749208644
Silver Price Forecast: XAG/USD extends rally above $36 on value-buying, US NFP in spotlight

Silver price (XAG/USD) refreshes over a decade high to near $36.20 on Friday. The white metal performs strongly as market experts quoted it a value buy, citing its secular underperformance in comparison with Gold.

Source  Fxstreet1749205304
Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.

Source  Fxstreet1749202252
Crude oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.43 per barrel, down from Thursday’s close at $62.65.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $64.83 after its previous daily close at $65.05.

Source  Fxstreet1749189841
India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Friday, according to data compiled by FXStreet.

Source  Fxstreet1749184517
WTI Price Forecast: WTI Crude Oil holds gains above $62, momentum builds for further upside

West Texas Intermediate (WTI) crude oil extends its recovery on Thursday, building on early week gains as bulls capitalize on a bullish flag breakout. At the time of writing, WTI is trading around $62.80, up nearly 1.20% on the day, and slightly below the intraday high of $63.30.

Source  Fxstreet1749150652
Gold slips as Trump-Xi call eases trade tensions, markets await US NFP

Gold price pared its earlier gains after breaking news revealed that the call between US President Donald Trump and his Chinese counterpart, Xi Jinping, was positive, with the two primarily discussing trade, according to Trump. At the time of writing, XAU/USD trades at $3,350, down 0.72%.

Source  Fxstreet1749144706
Silver prices surge to multi-year highs, posting intraday gains near 3.50%

Silver (XAG/USD) surged sharply on Thursday, rallying nearly 4% intraday and reaching their highest level in more than a decade, as precious metals continue to attract investors amid escalating trade tensions and increased US Dollar outflows. 

Source  Fxstreet1749137707
Gold extends gains ahead of ECB rate decision, US Jobless Claims, and trade talks

Gold (XAU/USD) extends its upward move during the European session on Thursday, with markets focusing on the European Central Bank (ECB) decision, US employment data, and developments surrounding trade talks ahead of US President Donald Trump’s meeting with German Chancellor Friedrich Mertz. 

Source  Fxstreet1749126124
Gold Price Forecast: XAU/USD refreshes four-week high as Sino-US trade worries fuel safe-haven demand

Gold price (XAU/USD) posts a fresh four-week high, advances to near $3,400 during European trading hours on Thursday.

Source  Fxstreet1749120924
Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.

Source  Fxstreet1749115892
Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $62.07 per barrel, down from Wednesday’s close at $62.16.

Source  Fxstreet1749103383
India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

Source  Fxstreet1749098150
WTI Price Forecast: WTI stalls below $63, pressured by oversupply risks and weak fuel demand

West Texas Intermediate (WTI) crude oil prices retreat on Wednesday after two straight days of gains.

Source  Fxstreet1749062102
Gold price surges on weak US ISM report; trade tensions boost safe haven demand

Gold price rallied over 0.80% on Wednesday during the North American session. The release of weaker-than-expected economic data from the United States (US) pushed XAU/USD higher as business activity softened and the jobs market added fewer people to the workforce.

Source  Fxstreet1749052786

United States EIA Crude Oil Stocks Change came in at -4.304M below forecasts (-0.9M) in May 30

Source  Fxstreet1749047406
Gold finds floor as US-China trade tensions resurface

Gold trades broadly stable on Wednesday’s mid-European session, paring back some gains seen earlier in the day, driven by a weaker US Dollar (USD), as doubts over a US-China trade deal grow given recent comments from US President Donald Trump.

Source  Fxstreet1749037108
Silver price today: Silver broadly unchanged, according to FXStreet data

Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.

Source  Fxstreet1749029490
Trump’s New Tariffs Take Effect! 50% Duty on Steel & Aluminum Starts June 4  

TradingKey – The U.S. steel and aluminum tariff hike officially takes effect today, though President Trump may still make last-minute adjustments.  At 12:01 AM ET on June 4, the new U.S. tariff on ste

Source  Tradingkey1749029334
OPEC output grows in May – ING

ICE Brent hit its highest level since mid-May yesterday, with the front-month contract trading just shy of US$66/bbl. Wildfires in Alberta, Canada, provided a boost to prices. This, at a time when the market is digesting the announced OPEC+ July supply hike.

Source  Fxstreet1749027216
Crude oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $62.59 per barrel, down from Tuesday’s close at $62.84.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.20 after its previous daily close at $65.43.

Source  Fxstreet1749016986
goTop
quote