West Texas Intermediate (WTI) Crude Oil reversed course during the American session on Friday, paring intraday gains after hitting a daily high of $63.69.

Gold prices rise over 0.44% during Friday’s North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At the time of writing, XAU/USD trades at $3,649 after hitting a daily low of $3,630.

United States Baker Hughes US Oil Rig Count climbed from previous 414 to 416

Gold (XAU/USD) is trading with a mild positive tone on Friday, consolidating near $3,650 mark after rebounding from Thursday’s pullback. The precious metal remains stuck in a narrow range after notching an all-time high near $3,675 earlier this week.

West Texas Intermediate (WTI), futures on NYMEX, trades 1.6% higher to near $63.00 during the late European trading session on Friday.

OPEC did not make any changes to its forecasts in its monthly report, Commerzbank's commodity analyst Carsten Fritsch notes.

Such a significant oversupply as anticipated by the IEA would exert considerable pressure on oil prices, like in 2020, which would have a negative impact on oil production, Commerzbank's commodity analyst Carsten Fritsch notes.

Gold price (XAU/USD) demonstrates strength near its all-time high around $3,650 during the European trading session on Friday. The precious metal trades firmly as the Federal Reserve (Fed)seems certain to cut interest rates in the monetary policy meeting on Wednesday.

The International Energy Agency expects a massive supply surplus on the global oil market of 3.33 million barrels per day on average in the coming year, based on its forecasts, Commerzbank's commodity analyst Carsten Fritsch notes.

EIA data showed US natural Gas inventories increased by 71Bcf last week, exceeding expectations and the seasonal norm. Elevated stock levels and muted demand pushed Henry Hub prices lower in early trading, ING's commodity experts Ewa Manthey and Warren Patterson note.

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

Oil prices extended declines with ICE Brent trading just below $66/bbl this morning, amid softening demand and persistent concerns over a looming global supply surplus.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.63 per barrel, down from Thursday’s close at $62.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.68 after its previous daily close at $66.08.

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

The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of the US Federal Reserve (Fed) rate cut in the upcoming meeting might cap its downside.

Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates.

West Texas Intermediate (WTI) Crude Oil comes under renewed selling pressure on Wednesday, paring most of the gains registered earlier this week, as investors respond to back-to-back bearish signals from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency

Silver (XAG/USD) trades under mild pressure on Thursday as a firm US Dollar (USD) keeps the white metal subdued ahead of the highly anticipated US Consumer Price Index (CPI) release.

Gold (XAU/USD) edges lower on Thursday as investors turn cautious and reposition ahead of the US Consumer Price Index (CPI) data release.

Gold failed to find acceptance above the $3,660 area and is trading lower on Thursday, returning to $3,620, as US Dollar appreciates for the third consecutive day, with all eyes on the US Consumer Prices Index release.

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

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.23 per barrel, down from Wednesday’s close at $63.50.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.14 after its previous daily close at $67.41.

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

Gold (XAU/USD) attracts some sellers during the Asian session on Thursday and reverses a part of the previous day's move up, though the downside potential seems limited.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.50 during the early Asian trading hours on Thursday. The WTI trades in positive territory for the third consecutive day amid global geopolitical risks. 

West Texas Intermediate (WTI) Crude Oil surges on Wednesday, extending its winning streak for a third straight day as geopolitical tensions outweighed bearish US inventory data.

Gold price surges on Wednesday, up by over 0.60%, folllowing US inflation data, which increased speculation that the Federal Reserve (Fed) will resume its easing cycle at the upcoming September meeting. At the time of writing, XAU/USD trades at $3,646, shy of the record high of $3,674.

United States EIA Crude Oil Stocks Change above expectations (-1.1M) in September 5: Actual (3.939M)

Gold (XAU/USD) edges up on Wednesday following a sharp reversal the previous day, with the metal soaring to an all-time high near $3,675 before retreating to settle at around $3,625.

Gold keeps trading higher on Wednesday despite its overstretched condition and technical signals anticipating a bearish correction. The weak US Dollar, amid rising bets of Fed easing and rising geopolitical tensions in Europe and the Middle East, keeps Bullion’s safe-haven appeal intact.