Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $61.24 per troy ounce, up 0.43% from the $60.98 it cost on Thursday.
Deutsche Bank notes that Gold prices edged higher alongside broader risk-off moves and rising financial stress in Europe. While the report focuses more on bonds, equities and energy, Gold’s advance came as volatility ticked up and investors digested geopolitical risks and shifting central bank expectations ahead of key US and Euro Area data releases.
Crude Oil prices show a moderate pullback on Friday as news of increased exports from Gulf countries offsets concerns about stalled US-Iran peace negotiations.
Gold (XAU/USD) attracts some sellers during the Asian session on Friday, though the downside remains limited as traders opt to wait for the crucial US employment details before placing fresh directional bets.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.75 during the early Asian trading hours on Friday. WTI flatlines after a two-day gain as the United States (US) mulled sending another aircraft carrier group to the Middle East.
US official said that the Pentagon may soon send a third aircraft-carrier strike group and 10,000 sailors and Marines to the Persian Gulf, the Wall Street Journal reported on Thursday.
The US President Donald Trump administration told European allies to release diesel from national emergency stockpiles, Bloomberg reported on Thursday.
Gold price (XAU/USD) rises to near $4,180 during the early Asian session on Friday. The precious metal rebounds as US Treasury bond yields retreat from multi-decade highs.
Gold price drifted higher, posting modest gains of over 0.40% on Thursday as US Treasury yields dove after Wednesday's inflation data, triggering a trimming of hawkish Fed bets for the October meeting. The XAU/USD trades at $4,175, up 0.4%.
The shortage pushing Crude Oil higher on Thursday is in diesel, gasoline and jet fuel, not in the barrels refiners buy to make them. Crude Oil has turned an early loss into a rally to near $91.50 since reports that China's refiners have stopped selling fuel abroad.
Gold (XAU/USD) treads water on Thursday as a stronger US Dollar (USD) and soaring US Treasury yields limit the upside. At the time of writing, XAU/USD trades around $4,170, up 0.30% on the day, as the precious metal struggles to build on its early recovery.
UOB Global Economics & Markets Research reports WTI crude settled at $90.42 per barrel and Brent at $103.53 per barrel on Wednesday, both extending strong year-to-date gains.
According to UOB Global Economics & Markets Research, Gold spot eased to close at $4,157 per ounce after earlier trading as high as $4,219. Elevated real yields continue to limit bullion’s upside, leaving Gold softer despite broader macro uncertainty and strong moves in other commodities. The report underscores how higher US yields are constraining precious metals.
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $60.48 per troy ounce, broadly unchanged 0.10% from the $60.42 it cost on Wednesday.
Silver price (XAG/USD) trades with caution near its four-week low at around $60.00 during the European trading session on Thursday.
Deutsche Bank’s Jim Reid highlights that Brent Oil has surged sharply in Q3 as the US–Iran conflict re-escalated, driving a major global bond selloff and higher long-end yields. The report notes fresh gains in Brent and WTI, warns about benchmark roll effects on front contracts, and flags strength further out the futures curve, reinforcing inflation concerns and hawkish central bank risks.
West Texas Intermediate (WTI), futures on NYMEX, claws back its slight early losses after attracting significant bids slightly below $88.00. The oil price has recovered vertically and has reclaimed the $90.00, trading 1.7% higher near $91.00 in the European trade.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day's modest recovery gains.
Gold (XAU/USD) attracts some dip-buyers near the $4,139 region during the Asian session on Thursday, stalling the previous day's pullback from the $4,220 area, touched in reaction to softer-than-expected US inflation data.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) oil price loses ground after posting modest gains in the previous day, trading around $89.10 per barrel during Asian hours on Thursday.
The US official stated on Monday that US Secretary of State Marco Rubio told the Iranian delegation to the United Nations General Assembly immediately leave the United States (US) after talks stalled, Axios reported.
Gold prices (XAU/USD) retreated on Wednesday, down 0.6%, after US inflation data came in above the Federal Reserve’s (Fed) 2% goal but below estimates, prompting investors to price in a less hawkish central bank than expected. The XAU/USD trades at $4,155 at the time of writing.
West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopolitical risks elevated, even as Middle East supply conditions improve.
Bitcoin (BTC) gains traction, rising above $84,000 on Wednesday as buyers return after softer-than-expected United States (US) inflation data. The Crypto King marks a second straight day of gradual recovery, building on the demand area between $82,000 and $83,000.
Silver (XAG/USD) trades under pressure on Wednesday even as traders reduce bets that the Federal Reserve (Fed) will raise interest rates again in October following softer-than-expected US PCE inflation data.
Gold (XAU/USD) trades little changed on Wednesday, consolidating the previous day’s gains after recovering from a seven-week low touched on Monday.
Deutsche Bank’s Jim Reid and team highlight a sharp intraday reversal in Brent Oil, with front-month prices dropping even as longer-dated contracts grind higher.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $61.19 per troy ounce, down 0.45% from the $61.47 it cost on Tuesday.