Crude Oil prices are trying to break above $70 for a second consecutive day, fueled by headlines that Russia has launched a ballistic missile into Ukraine for the first time in the war, Bloomberg reports.
Gold (XAU/USD) extends its recovery into a fourth day on Thursday, rising up into the $2,670s during the European session.
Oil prices have been somewhat insulated by the growing tension between Russia and Ukraine.
Silver price (XAG/USD) appreciates to near $31.10 per troy ounce during the European hours on Thursday.
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on Thursday.
Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $31.00 during the Asian hours on Thursday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.95 on Thursday.
Silver's price retreats over 1.14% on Wednesday, yet it remains up 1.90% in the week as traders ditch the grey metal in favor of the Greenback.
How much further can the bounce in Gold prices run? Any way you slice it, this is not the same set-up for flows as a few short months ago, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Crude Oil prices are ripping higher for a third day in a row on Wednesday, getting close to the $70 round level, as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.
Gold (XAU/USD) pauses its recovery and pulls back into the $2,620s on Wednesday due mostly to the effect of a stronger US Dollar (USD).
LME lead stockpiles surged to the highest level since 2013 yesterday after a second consecutive day of big inflows into the exchange’s sheds in Singapore, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Despite an escalation in the Russia-Ukraine war, there has been limited impact on oil prices.
Silver price (XAG/USD) extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
Gold price stays on the front foot early Wednesday, looking to regain the $2,650 barrier as the road to recovery extends for the third straight day.
Gold price (XAU/USD) attracts some follow-through buying for the third consecutive day on Wednesday and climbs to a one-and-half-week high, around the $2,641-2,642 region during the Asian session.
Silver price (XAG/USD) retraces its recent gains, trading around $31.20 per troy ounce during the Asian session on Wednesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.30 on Wednesday.
Gold posted back-to-back positive days of gains, climbing some 0.70% on Tuesday due to risk aversion amid heightened tensions in the Russia-Ukraine conflict.
Crude Oil price slides lower on Tuesday after a key gauge on the US Crude market signaling a substantial glut taking place for the first time in nine months. The spread in price between Oil futures contracts for immediate deliveries against those a
Gold price (XAU/USD) extends its recovery for a second consecutive day, trading around $2,635 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces.
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Silver price (XAG/USD) continues to gain ground for the second consecutive day, trading around $31.40 per troy ounce during the Asian session on Tuesday.