Gold (XAU/USD) advances during the North American session on Friday, poised to finish the week almost flat above the $4,200 figure as market participants brace for the Federal Reserve (Fed) monetary policy meeting next week.

United States Baker Hughes US Oil Rig Count above forecasts (409): Actual (413)

Copper prices jumped to a new record of $11,540 per ton as fears mount over potential US import tariffs extending to refined Copper.

Italy is considering declaring its central bank’s 2,452 tons of Gold as the property of the people, a move opposed by the ECB over fears it could threaten bank independence.

Saudi Arabia has reduced its official selling prices for January Oil deliveries, with Asian customers now paying only $0.60 per barrel above the Oman/Dubai benchmark.

Russia exported nearly 3.94 million barrels of Crude Oil per day last week, marking a 20% increase from the prior week despite US sanctions.

Since the beginning of October, the price of a barrel of Brent crude Oil has fluctuated mainly between USD 60 and 65. This is unlikely to change in the coming week, as factors supporting and weighing on prices are likely to balance each other out.

Gold (XAU/USD) trades marginally higher on Friday, oscillating within the familiar range that has defined price action this week, as dovish Federal Reserve (Fed) expectations keep the precious metal broadly supported.

Gold price (XAU/USD) gains 0.4% to near $4,230 during the European trading session on Friday. The yellow metal trades firmly, but is confided in a tight range between $4,164 and $4,265 for the last four trading days.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.00 per troy ounce, up 1.56% from the $57.11 it cost on Thursday.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.36 per barrel, down from Thursday’s close at $59.48.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.16.

Gold (XAU/USD) struggles to capitalize on the overnight bounce from the $4,175 area, or the vicinity of the weekly trough, and oscillates in a narrow trading range during the Asian session on Friday.

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

Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.

Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.

Gold (XAU/USD) holds steady on Thursday, moving quietly within the $4,160-$4,260 range as investors adopt a wait-and-see approach ahead of the Federal Reserve’s (Fed) monetary policy meeting next week.

Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $57.11 per troy ounce, down 2.36% from the $58.49 it cost on Wednesday.

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.21 per barrel, up from Wednesday’s close at $58.93.

Silver price (XAG/USD) trades 0.8% lower to near $58.00 during the late Asian trading session on Thursday from its all-time high around $59.00 posted on Wednesday.

Gold (XAU/USD) trades with a negative bias during the Asian session on Thursday, though it lacks bearish conviction and remains confined in the weekly range.

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

West Texas Intermediate (WTI) futures on NYMEX trade 0.25% higher to near 59.00 during the Asian trading session on Thursday.

Gold price (XAU/USD) posts modest gains near $4,210 during the early Asian trading hours on Thursday. The precious metal edges higher amid growing expectations of a US interest rate cut next week.

Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed's meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.

West Texas Intermediate (WTI) edges higher on Wednesday after a brief dip as traders digest the latest US Energy Information Administration (EIA) crude inventory report. At the time of writing, WTI is trading near $59.10, up nearly 1.00% on the day.

United States EIA Crude Oil Stocks Change above expectations (-1.9M) in November 28: Actual (0.574M)

Gold (XAU/USD) trades slightly softer on Wednesday as investors adopt a cautious stance ahead of the upcoming US economic data releases due later in the day. At the time of writing, XAU/USD is consolidating around the $4,200 psychological mark after easing from an intraday high near $4,228.

Central banks added a net 53 tonnes of Gold to reserves in October, marking the strongest monthly increase since November 2024, with Poland and Brazil leading the charge.