Gold stayed firm just under $3,400 per troy ounce on Tuesday, lifted by renewed weakness in the US Dollar (USD) and lingering doubts over the Fed’s independence after President Trump’s unprecedented attempt to fire Governor Lisa Cook.

Gold prices are climbing again, snapping Monday’s brief dip and pushing back toward the key $3,400 per ounce level.

Oil prices rose last week and also started the new trading week on a bullish note. Brent rose to $69 per barrel and WTI to $65 per barrel.

The price of Gold jumped by around $50 to just under $3,380 per troy ounce on Friday afternoon, Commerzbank's commodity analyst Carsten Fritsch notes.

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

Gold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385. The Precious metal has stalled below $3,380, as the US Dollar regains lost ground, following Fed Governour Lisa Cook’s rejection of President Trump’s calls to fire her.

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $64.29 per barrel, down from Monday’s close at $64.62.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.87 after its previous daily close at $68.21.

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

Gold price holds firm at around $3,370 on Monday as the Greenback recovers some ground following Federal Reserve (Fed) Chair Jerome Powell's dovish tilt last Friday.

Silver (XAG/USD) is holding firm near a one-month high on Monday, consolidating the gains that followed a strong bullish breakout on Friday.

Gold (XAU/USD) kicks off the week on a softer footing, pulling back slightly after touching a two-week high on Friday following Federal Reserve (Fed) Chair Jerome Powell’s dovish remarks at the Jackson Hole Symposium, which fueled a broad rally in precious metals.

Crude Oil prices are trading higher for the fourth day in a row on Monday, testing prices above $64.00 level for the first time over the last two weeks, as market expectations of lower interest rates in the United States have raised hopes of higher demand.

Fading optimism over a Russia-Ukraine peace is providing support for European Gas prices, ING's commodity experts Ewa Manthey and Warren Patterson note.

Gold price (XAU/USD) holds onto gains near Friday’s high around $3,370.00 during the European trading session on Monday.

Gold jumped last Friday after USD and bond yields fell moved my Federal Reserve Chair Jerome Powell's words about an interest rate cut in September, ING’s commodity analysts Warren Patterson and Ewa Manthey note.

Oil prices managed to finish last week higher, settling up almost 2.9% higher as enthusiasm over a potential Russia-Ukraine ceasefire wanes. Uncertainty prevails as US President Trump once again threatens to impose tougher sanctions on Russia unless there’s a deal to end the war.

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

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $63.71 per barrel, up from Friday’s close at $63.68.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.32.

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

Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321.

United States Baker Hughes US Oil Rig Count: 411 vs previous 412

According to figures published this week by the International Copper Study Group, mine production rose by 2.7% in the first half of this year compared with the same period last year.

Switzerland exported larger quantities of Gold to the US again in July, according to foreign trade data from the Federal Customs Administration, Commerzbank's commodity analyst Carsten Fritsch notes.

Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative (JODI), Commerzbank's commodity analyst Carsten Fritsch notes.

Oil prices received support in the middle of the week from an unexpectedly sharp decline in US Crude Oil inventories last week of 6 million barrels, as reported by the US Department of Energy, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold price rises as the Fed Chair Jerome Powell opens the door for a September rate cut as he said that “downside risks to the labor market are rising.” At the time of writing, the XAU/USD trades volatility, surpassing the $3,350 initial resistance, up by 0.40%.

Gold (XAU/USD) is trading on the back foot for a second straight day on Friday, weighed down by a strong US Dollar (USD) and firm Treasury yields. At the time of writing, the precious metal is hovering near $3,330, down 0.21% on the day.

Gold price (XAU/USD) trades 0.3% lower around $3,330.00 during the European trading session on Friday.

European Gas prices climbed nearly 4% as upcoming Norwegian maintenance raises supply concerns. With storage levels still lagging historical norms, Europe must stay competitive with Asia to secure LNG ahead of winter, ING's commodity experts Ewa Manthey and Warren Patterson note.

Oil prices moved higher yesterday as the initial enthusiasm over progress towards a ceasefire between Russia and Ukraine continues to fade, ING's commodity experts Ewa Manthey and Warren Patterson note.