TradingKey - Under the hawkish pivot of the Federal Reserve's new Chair, Kevin Warsh, the trading dynamics of gold have undergone a consequential shift, leading multiple major Wall Street investment b

United States Baker Hughes US Oil Rig Count rose from previous 433 to 440

West Texas Intermediate (WTI) US Oil falls 3.25% on Friday and trades around $69.05 at the time of writing, after hitting its lowest level since late February at $68.48 earlier in the day.

TradingKey - Vessel transit has resumed in the Strait of Hormuz, significantly cooling concerns over crude supply disruptions in the Persian Gulf. Catalyzed by the easing of geopolitical risks, intern

Gold (XAU/USD) edged higher to start the week before turning south and plunging to its lowest level since November, below $4,000. Although the precious metal managed to find a foothold, it struggled to stage a decisive rebound and ended the week deep in negative territory.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that Brent Oil has dropped sharply on optimism over the reopening of the Strait of Hormuz after a US–Iran deal, but warn markets may be underpricing security risks.

TD Securities’ Head of Commodity Strategy Bart Melek highlights that Gold recently broke below $4,000/oz as higher US rates and a firmer Dollar weigh on the metal.

Commerzbank’s commodity team, led by Barbara Lambrecht, warns that recent declines in Oil prices may prove temporary as tanker traffic through the Strait of Hormuz is only gradually recovering and US inventories sit well below seasonal norms.

Silver (XAG/USD) steadies on Friday as the US Dollar (USD) and Treasury yields retreat after the latest US Personal Consumption Expenditures (PCE) inflation data showed underlying inflation remained relatively contained.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note Gold is tentatively stabilising after a sharp selloff, with prices back above USD4,000 and some dip-buying interest emerging as Dollar and real yield pressures ease.

Gold (XAU/USD) steadies above the $4,000 mark on Friday as a softer US Dollar (USD) and lower Treasury yields provide support after the latest US Personal Consumption Expenditures (PCE) inflation report broadly met forecasts, reducing expectations of a near-term Federal Reserve (Fed) interest rate h

Commerzbank analysts highlight a weakening Gold market, with prices briefly slipping below USD 4,000 per troy ounce before recovering.

Gold price (XAU/USD) trades 0.6% higher to near $4,050 during the European trading session on Friday. The precious metal recovers after discovering support near $3,960 in the past two trading days.

Rabobank’s Senior Macro Strategist Bas van Geffen highlights renewed security concerns for Oil as a cargo ship was hit near Oman, raising questions about safety in the Strait of Hormuz. Despite this, Brent trades around $73.8, at the lower end of its weekly range.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.19 per troy ounce, up 0.56% from the $57.87 it cost on Thursday.

Societe Generale’s team highlights a sharp reversal in Gold, with prices down 20% year-to-date and over 11% this month, undermining the Dollar debasement narrative.

TradingKey - The countdown begins for the U.S. copper tariff decision. The U.S. Department of Commerce must submit its "Section 232" tariff investigation report to the White House by June 30 to make a

Crude Oil prices edge lower on Friday, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $69.65 at the time of writing. This is the lowest price since February 27, one day before the US and Israel launched a joint attack on Iran.

ING strategists Warren Patterson and Ewa Manthey observe that Gold stabilized after dropping below the $4,000/oz mark earlier in the week, supported by lower US Treasury yields following softer US inflation data.

Danske Research Team notes that Brent Oil initially spiked after reports of an Iranian attack on a cargo ship near Oman and a pause in U.N. escort operations in the Strait of Hormuz.

ING strategists Warren Patterson and Ewa Manthey note that Oil rebounded after a vessel was struck in the Persian Gulf, but they stress that price momentum remains to the downside as flows through the Strait of Hormuz recover.

West Texas Intermediate (WTI) depreciates after registering over 2% gains in the previous day, trading around $70.30 per barrel during the Asian hours on Friday.

Silver price (XAG/USD) is down 2.5% to near $56.50 during the Asian trading session on Friday.

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

Gold (XAU/USD) struggles to capitalize on the previous day's modest recovery move and meets with a fresh supply during the Asian session on Friday amid the emergence of some US Dollar (USD) dip-buying.

The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.

Gold price (XAU/USD) declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday.

West Texas Intermediate (WTI) spent Thursday doing its now-familiar trick of grabbing a geopolitical bid and then quietly handing most of it back.

Silver enjoyed a rare green session on Thursday, and reading much into it would be a mistake. The metal bounced off a session low near 56.50, briefly spiking close to 59.00 just after the US data hit the wires, before fading back to around 58.00, up roughly 0.8% on the day.

Gold (XAU/USD) price recovers on Thursday, up by almost 1% as the Greenback drops despite inflation data suggesting that a ‘higher-for-longer' scenario favors the Federal Reserve (Fed) holding rates steady, despite US President Donald Trump’s desires for lower interest rates.