Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.

United States Baker Hughes US Oil Rig Count came in at 420, above forecasts (416)

Silver (XAG/USD) eases on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidates below the psychological $49 level.

The oversupply on the Oil market had put significant pressure on the prices of Brent forward contracts with short-term maturities in recent weeks: the backwardation that was still pronounced just a month ago has decreased noticeably, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fri

So far, however, Russia still seems to be finding buyers for its Oil, Commerzbank's commodity analyst Carsten Fritsch notes.

The US and India are reportedly close to reaching a trade agreement that would see a gradual reduction in Indian Oil imports from Russia, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold drew attention during LME Week, with prices up by around 60% this year. The rally has been driven by uncertainties over global trade, heightened geopolitical tensions, US fiscal stability and the Fed’s independence.

The mood on metals has been positive in recent weeks, with Copper trading near all-time highs and other metals also rising. A supportive macro backdrop, falling US dollar, rate cuts and low inventories have lifted metals prices, ING's commodity expert Ewa Manthey notes.

Gold (XAU/USD) trades on the back foot on Friday, as sellers remain firmly in control following a sharp pullback from record highs earlier this week.

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

Gold (XAU/USD) retreats on Friday, trading around $4,050 per ounce at the time of writing, down 1.75% for the day, as renewed demand for the US Dollar (USD) and profit-taking weigh on the yellow metal.

Crude prices’ pullback from two-week highs at $62.00 witnessed on Thursday remains contained above $61.00 so far, with the commodity on track to its sharpest weekly rally in four months, as new sanctions on Russian Oil have eased market concerns about an Oil glut.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.

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

West Texas Intermediate (WTI) surges on Thursday, extending its rally for the third consecutive day after the United States (US) imposes sanctions on Russian energy majors Rosneft and Lukoil, stoking supply concerns.

Gold price recovers some ground on Thursday after posting back-to-back bearish daily candles, courtesy of traders booking profits ahead of the release of September’s US inflation report, along with a slight tempering of US President Donald Trump's trade rhetoric on China.

Gold (XAU/USD) fluctuates within a tight range on Thursday, consolidating after a sharp correction from historic highs.

Silver (XAG/USD) advances firmly on Thursday, trading around $49.20 per ounce at the time of writing, up 1.40% for the day.

Silver price (XAG/USD) rebounds to near $49.20 during the European trading session on Thursday after attracting bids near $48.00. The white metal gains on renewed trade tensions between the United States (US) and China.

Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty.

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

Gold has yet to recover after the steep decline from all-time high, but pace of decline is starting to moderate. XAU last seen at 4114.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $60.76 per barrel, up from Wednesday’s close at $59.34.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $64.52.

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

The US President Donald Trump administration hit Russia's major oil companies with sanctions and accused the Russians of a lack of commitment toward ending the war in Ukraine, Reuters reported on Wednesday. 

West Texas Intermediate (WTI) Crude Oil edges higher on Wednesday, extending gains for the second consecutive session as traders react to a surprise draw in US inventories.

Gold price slides over 1.50% on Wednesday after plummeting more than 5% on Tuesday in its biggest daily loss in five years as traders brace for the release of the latest inflation report in the United States (US). At the time of writing, XAU/USD trades at $4,050 after reaching a high of $4,161.

United States EIA Crude Oil Stocks Change below forecasts (1.8M) in October 17: Actual (-0.961M)

Gold has shattered resistance for seven straight days, surging nearly 6% in a week as dovish Fed expectations and US-China trade war risks fuel the historic rally.