US crude oil inventories declined by 3.3 million barrels last week, as reported by the US Department of Energy in the middle of the week, Commerzbank's commodity analyst Carsten Fritsch notes.

Data published this week by the Hong Kong Statistics Authority on Gold trade with China confirmed the picture of very weak demand for Gold in China, Commerzbank's commodity analyst Carsten Fritsch notes Gold exports to China and Hong Kong come to a standstill in February "According to the data, 26.4 tons more Gold were delivered from China to Hong Kong in February than vice versa.

Gold has reacted positively to the latest US tariffs, Commerzbank's commodity analyst Barbara Lambrecht notes.

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

Silver (XAG/USD) climbs its highest level since late October 2024 during the first half of the European session on Friday and currently trades around mid-$34.00s, up nearly 0.30% for the day.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session.

Platinum Group Metals (PGMs) trade mixed at the beginning of Friday, according to FXStreet data.

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

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.70 during the early Asian session on Friday.

Silver price rallies sharply on Thursday, clears the $34.00 mark as uncertainty about US trade policies, regarding 25% tariffs in all cars, increased appetite for the precious metal.

Gold price uptrend continued on Thursday with the yellow metal hitting a new record high of $3,059 amid uncertainty over trade policies enacted by US President Donald Trump, which escalated the trade war by imposing tariffs on automobiles.

Silver price (XAG/USD) advances to near $34.00 during European trading hours on Thursday.

Gold price (XAU/USD) sprints higher on Thursday, gaining around 0.70% gains, trading at $3,040 at the time of writing.

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

West Texas Intermediate (WTI) crude Oil price halts its three-day rally, trading around $69.20 per barrel during European hours on Thursday.

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.

Platinum Group Metals (PGMs) trade mixed at the beginning of Thursday, according to FXStreet data.

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

Silver (XAG/USD) recovers recent losses from the previous session, trading around $33.70 per troy ounce during Asian hours on Thursday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.60 during the early Asian session on Thursday.

Silver price retreats by 0.32% after reaching a four-day high of $33.92.

Gold price has flat-lined late in the North American session, capped by the recovery of the US Dollar Index (DXY), which fell to a low of 104.18 before staging a recovery.

United States EIA Crude Oil Stocks Change: -3.341M (March 21) vs previous 1.745M

China Lifecos are already on the bid in Gold. The Shanghai Gold exchange admitted four Chinese Life Insurance companies as members of the exchange, enabling them to purchase Gold as part of a pilot program that could grow the network of Gold buyers and create a massive new buying impulse, TDS' Senior Commodity Strategist Daniel Ghali notes.

Silver price (XAG/USD) holds onto gains near $33.80 in European trading hours on Wednesday.

In precious metals, exchange-traded funds (ETFs) added 23 tonnes of Gold in the last trading session, the biggest one-day increase since 2022, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Copper futures on Comex surged to a record high, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Oil prices slid after Russia and Ukraine agreed to a maritime ceasefire.

Gold’s price (XAU/USD) is heading to $3,020 at the time of writing on Wednesday and has turned this week’s performance positive after its initial move lower on Monday.

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