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
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.
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.
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.
The International Energy Agency published a report on investments in the energy sector yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.
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.
Saudi Arabia lowered the official selling prices (OSPs) for Oil deliveries to Asia in July only slightly, Commerzbank's commodity analyst Carsten Fritsch notes.
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.
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.
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.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
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.
Gold prices rose in India on Friday, according to data compiled by FXStreet.
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.
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%.
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.
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.
Gold price (XAU/USD) posts a fresh four-week high, advances to near $3,400 during European trading hours on Thursday.
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
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.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) crude oil prices retreat on Wednesday after two straight days of gains.
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.
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.
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.
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
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.
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.