Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.

West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.

United States Baker Hughes US Oil Rig Count registered at 414 above expectations (411)

Silver (XAG/USD) is holding firm around $41.00 on Friday after retesting multi-year highs in the wake of soft US Nonfarm Payrolls (NFP) data. The metal peaked at $41.47 on Wednesday, its strongest level since September 2011, before easing slightly on Thursday.

The World Gold Council (WGC) has presented a new idea aimed at modernizing the Gold market. According to this idea, there are plans to introduce a form of digital Gold, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

While Gold (XAU/USD) has climbed to a new all-time high of $3,578 in early September, Bitcoin (BTC) struggled, retesting July lows after a three-week decline, reigniting the debate about Gold’s role versus Bitcoin as a store of value.

West Texas Intermediate (WTI), futures on NYMEX, trades with caution around $62.50 during the late European trading session on Friday. The Oil price faces selling pressure as United States (US) oil inventory data for the week ending July 29 came in surprisingly higher.

Russia continues to find sufficient buyers for its oil despite increasing pressure from the US, as shown by data on seaborne oil exports published by Bloomberg, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold (XAU/USD) is trading flat on Friday, holding around $3,550 at the time of writing, as investors turn cautious ahead of the US Nonfarm Payrolls (NFP) report due at 12:30 GMT.

According to a Bloomberg survey, OPEC produced 28.55 million barrels of crude oil per day in August, Commerzbank's commodity analyst Carsten Fritsch notes.

Oil prices came under pressure on Wednesday after Reuters reported that OPEC+ could consider a further increase in production at Sunday's virtual meeting of countries with voluntary production cuts, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold price (XAU/USD) trades in a tight range around $3,350 during the European trading session on Friday. The precious metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.

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

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.00 during the early European trading hours on Wednesday. The WTI drifts lower as crude inventories unexpectedly rose last week, indicating weaker demand.

West Texas Intermediate (WTI) Oil price is neutral on Friday, early in the European session. WTI trades at $63.06 per barrel, not far from its Thursday close at $63.06.Brent Oil Exchange Rate (Brent crude), however, advances from its previous close at $66.70 to trade at $66.71.

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

Gold price edges lower during the North American session on Thursday as the Greenback recovers some ground, even though the latest round of economic data increased speculation that the Federal Reserve may cut interest rates at the September meeting. The XAU/USD trades at $3,542, down 0.48%.

United States EIA Crude Oil Stocks Change came in at 2.415M, above expectations (-1.8M) in August 29

West Texas Intermediate (WTI) Crude Oil recovers on Thursday after sliding to its lowest level since August 21, near $62.50 earlier in the day.

TradingKey - As Federal Reserve nominee Stephen Miran prepares for his Senate confirmation hearing, Wall Street analysts have finally seen evidence that investors are no longer shrugging off the erosi

Gold (XAU/USD) is taking a breather on Thursday after hitting a fresh record high of $3,578.50 on Wednesday, pausing a remarkable seven-day rally.

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

TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base a

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.26 per barrel, down from Wednesday’s close at $63.55.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.98 after its previous daily close at $67.27.

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

Gold (XAU/USD) is extending the previous day's late pullback from the all-time peak, around the $3,578-3,579 area, and drifting lower during the Asian session on Thursday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.50 during the early Asian trading hours on Wednesday.

United States API Weekly Crude Oil Stock increased to 0.622M in August 29 from previous -0.974M

Gold price extended its gains on Wednesday and is up more than 1%, poised to register record highs during the day, after clearing the mid-point of the $3,500-$3,600 range as economic data from the United States showed the labor market is weakening.

Gold extended its uptrend in the second half of the day on Wednesday and touched a new record-high above $3,560. At the time of press, XAU/USD was trading near $3,560, rising 0.85% on a daily basis. For the week, Gold is already up more than 3%.