News

Gold price dodges CPI shock as US yields hand bulls lifeline

Gold (XAU/USD) price bounces off daily lows beneath $4,300 on Friday and reclaims the 100-day Simple Moving Average (SMA) of $4,335 following the release of US inflation data, which fueled speculation that a Federal Reserve (Fed) rate hike next week is almost certain.

Source  Fxstreet1789147880

United States Baker Hughes US Oil Rig Count increased to 450 from previous 449

Source  Fxstreet1789146208
Bitcoin and Gold Outlook: BTC and Gold advance after US CPI holds steady in August

Bitcoin (BTC) is gaining ground and approaching $79,000 on Friday, following the release of the United States (US) inflation data.

Source  Fxstreet1789144303
Silver erases post-CPI slump, rebounds from three-week low

Silver (XAG/USD) rebounds sharply on Friday, trading around $64.30 at the time of writing, up 1.13% on the day. The white metal recovers after briefly falling to a three-week low of $62.94 in the immediate reaction to the latest United States (US) inflation figures.

Source  Fxstreet1789143777
WTI Oil Price Forecast: corrects lower after reaching overbought levels

West Texas Intermediate (WTI) Oil comes under heavy selling pressure on Friday as traders lock in profits following a sharp rally that pushed the US benchmark to its highest level since May 21. At the time of writing, WTI trades around $96.50, down roughly 4% on the day.

Source  Fxstreet1789142554
Oil: Gradual easing as dark transits grow – Commerzbank

Commerzbank strategists argue that Brent crude should gradually retreat toward pre-war levels as covert tanker “dark transits” and diversions restore Gulf supply.

Source  Fxstreet1789130669
WTI drops more than 4% below $97 as profit-taking kicks in, Iran tensions limit losses

West Texas Intermediate (WTI) US Oil drops 4.54% on Friday and trades around $96.00 at the time of writing.

Source  Fxstreet1789129846
Oil: Supply risks and central bank inflation worries – BNY

BNY’s Geoff Yu highlights that Brent has approached $110 as Houthi advances near the Bab el-Mandeb Strait raise concerns over Red Sea shipping and broader supply chains.

Source  Fxstreet1789126959
Gold holds ground as markets brace for US CPI data

Gold holds firm on Friday as a pullback in US Treasury yields and Oil prices offers some support, although buying interest remains limited ahead of the US Consumer Price Index (CPI) report due at 12:30 GMT.

Source  Fxstreet1789124362
Gold Price Forecast: XAU/USD clings to a key support area around $4,300

Gold (XAU/USD) nudges higher on Friday, as the US Dollar’s (USD) recovery stalls ahead of the US Consumer Price Index (CPI) release, due later in the day.

Source  Fxstreet1789119598
Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $64.04 per troy ounce, up 0.72% from the $63.58 it cost on Thursday.

Source  Fxstreet1789119163
Copper: Tariff risks keep prices vulnerable – ING

ING’s Commodities Strategist Ewa Manthey notes that Copper has dropped sharply after a Reuters report suggested a US decision on refined Copper tariffs is still pending, highlighting how a tariff premium has driven prices beyond fundamentals.

Source  Fxstreet1789112455
Silver Price Forecast: XAG/USD bounces off 38.2% Fibo. near $63.00; bearish bias remains

Silver (XAG/USD) finds some support near the $63.00 mark and stages a modest intraday recovery from an over three-week low, touched earlier this Friday.

Source  Fxstreet1789111652
Brent: Supply risks and Saudi cuts support prices – ING

ING analysts Warren Patterson and Ewa Manthey note that Brent and WTI have rallied sharply as Middle East tensions escalate and Saudi Arabia reports a steep drop in output.

Source  Fxstreet1789108356
WTI slumps below $99.00 on profit-taking, US-Iran tensions in focus

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $98.50 during the early European trading hours on Friday. WTI tumbles as traders take some profits amid technical oversold conditions and US crude inventories fall less than expected. 

Source  Fxstreet1789106670
Iran and Gulf states will meet to secure deal for Strait of Hormuz shipping — FT

Iran and Gulf states are set to hold a meeting aimed at securing buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday.

Source  Fxstreet1789102326
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1789101501
Gold eyes $4,300 break as USD sticks to gains amid Fed hike bets, ahead of US CPI

Gold (XAU/USD) struggles to register any meaningful recovery and languishes near a one-and-a-half-week low, touched during the Asian session on Friday.

Source  Fxstreet1789098350
WTI falls to near $99.00 despite escalating US-Iran conflict

West Texas Intermediate (WTI) halts its four-day winning streak, trading around $99.00 per barrel during Asian hours on Friday. However, crude oil prices may rebound as the escalating conflict between the US and Iran has fueled concerns over prolonged disruptions to global energy supplies.

Source  Fxstreet1789089823
Gold falls below $4,350 as rising oil prices, US PPI reinforces Fed hike bets

Gold price (XAU/USD) tumbles to near $4,320 during the early Asian session on Friday. The precious metal faces some selling pressure after the US Producer Price Index (PPI) inflation data and rising oil prices increased bets for a Federal Reserve (Fed) rate hike.

Source  Fxstreet1789083391
WTI blasts past $100 as Red Sea, Hormuz risks collide

West Texas Intermediate (WTI), the US crude Oil benchmark, rises more than 7% as attacks in the Middle East intensify, driving WTI above the $ 100-per-barrel barrier for the first time since May 2026. At the time of writing, WTI trades at $103.86 after bouncing off lows of $95.37.

Source  Fxstreet1789075595
Silver Price Forecast: Head-and-shoulders break puts $60 back in play

Silver price erases Wednesday's gains and forms a bearish head-and-shoulders chart pattern after the white metal tanks and breaks a support trendline around $64.00-$64.15, exacerbating the decline below $63.50. At the time of writing, XAG/USD trades at $63.72, down over 5.30%.

Source  Fxstreet1789069398
WTI Oil nears $100 as Middle East tensions keep supply concerns elevated

West Texas Intermediate (WTI) Oil rallies nearly 5% on Thursday, climbing to its highest level since May 21 as escalating tensions in the Middle East raise fears of further disruption to already tight supplies. At the time of writing, WTI trades around $99 and is up about 10.50% so far this week.

Source  Fxstreet1789063596
Gold bulls blink as hot US PPI, $100 Oil send yields flying

Gold price retraces by about 0.90% on Thursday as traders price in a hawkish Federal Reserve (Fed) following the release of the US Producer Price Index (PPI) for August.

Source  Fxstreet1789061340

United States EIA Heating Oil Stocks Change climbed from previous -0.033M to 0.01M in September 3

Source  Fxstreet1789057011

United States EIA Distillate Stocks Change increased to 2.087M in September 3 from previous 0.796M

Source  Fxstreet1789056972
Copper: Tariff uncertainty and max CTA length – TD Securities

TD Securities analysts Ryan McKay and Bart Melek report that Copper’s recent rally has been driven mainly by supply-side factors linked to tariff-induced inventory depletion.

Source  Fxstreet1789055460
Silver slides below $65 as US PPI revives Fed rate-hike bets

Silver (XAG/USD) extends its sharp decline on Thursday, trading around $64.35 per ounce at the time of writing, down 4.39% on the day.

Source  Fxstreet1789055026
Gold: Near-term selling may only delay next leg higher - TD Securities

TD Securities’ Ryan McKay and Bart Melek note that Gold is outperforming other precious metals even as higher energy prices and rising Fed hike expectations weigh on the complex.

Source  Fxstreet1789046228
WTI US Oil rebounds toward $97 as US-Iran conflict escalates

West Texas Intermediate (WTI) US Oil rises sharply on Thursday, trading around $97.00 per barrel at the time of writing, up 2.93% on the day.

Source  Fxstreet1789045606
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