Gold (XAU/USD) price retreats some 0.40% on Monday after last Friday's hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh, which sparked speculation of a possible rate hike at the September meeting.

Silver (XAG/USD) is little changed on Monday, caught between a weaker US Dollar (USD) and lingering hawkish Federal Reserve (Fed) expectations, leaving the metal without clear direction after tumbling 4.11% on Friday in the wake of Fed Chair Kevin Warsh's hawkish Jackson Hole comments.

Crude Oil trades near $85.00 and 2.5% higher on the session, after American forces struck two Iranian rocket launchers on Larak Island and Tehran answered with missile and drone attacks on two air bases in Jordan.

Silver (XAG/USD) rebounds on Monday and trades around $66.70 at the time of writing, up 0.40% on the day. The main obstacle to a stronger recovery in Silver remains the shift in expectations surrounding the Federal Reserve’s (Fed) monetary policy.

BNY’s Wee Khoon Chong notes Oil prices are underpinned by renewed U.S.–Iran tensions near the Strait of Hormuz and President Trump’s claim of a deal granting U.S. majority control over Venezuela’s vast reserves.

Gold (XAU/USD) steadies on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. However, the metal lacks strong upside momentum as hawkish Federal Reserve (Fed) expectations keep buyers cautious.

Gold (XAU/USD) shows marginal gains on Monday, with price action hovering around $4.450 at the time of writing yet unable to take off from last week’s lows in the $4,400 area after depreciating more than 4% late last week.

Crude prices rally on Monday, with the US benchmark West Texas Intermediate (WTI) trading at $85.50 per barrel at the time of writing, more than 3% up on the day so far, drawing close to one-month highs, at $87.38.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $67.10 per troy ounce, up 1.04% from the $66.40 it cost on Friday.

Silver price (XAG/USD) is up 1% to near $67.00 during the European trading session on Monday. The white metal bounces back after a weak opening near $65.67, with investors shifting their focus to the United States (US) Nonfarm Payrolls (NFP) data for August on Friday.

ING’s commodities team, led by Warren Patterson and Ewa Manthey, reports that Gold came under pressure after Federal Reserve Chair Kevin Warsh reinforced a higher-for-longer rates narrative, supporting the Dollar.

ING analysts Warren Patterson and Ewa Manthey note that oil prices, including ICE Brent, started the week stronger after US strikes on Iran raised concerns over Persian Gulf supply.

TradingKey - As of the Asian session on August 31, international oil prices rose sharply, with Brent crude (UKOIL) breaking back above $90, while gold (XAUUSD) prices extended last Friday's decline, b

West Texas Intermediate (WTI) rebounds and continues its intraday gains, trading around $84.40 per barrel during the Asian hours on Monday.

Gold (XAU/USD) attracts fresh sellers following an intraday uptick to the $4,472 region and drops to a one-and-a-half-week low during the Asian session on Monday.

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

West Texas Intermediate (WTI) declines after opening at a bullish gap, remaining in positive territory and trading around $83.60 per barrel during the Asian hours on Monday.

United States Baker Hughes US Oil Rig Count dipped from previous 452 to 447

TradingKey - On August 28 ET, spot gold (XAUUSD) plunged about 3%, falling below the $4,500 mark to hit a new low since August 20. The primary catalyst was a hawkish policy signal delivered by Federal

Silver price makes a U-turn after reaching a two-month high of $71.12, then dives below the $69.00 figure as Fed Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher. Consequently, the white metal edged lower, as XAG/USD trades at $66.76, down 3.60%.

Gold price drops over 0.42% on Friday as Fed Chair Kevin Warsh confirms the Fed is focused on tackling inflation, pushing the US Dollar and US Treasury yields higher, while money markets have begun to price in a potential rate hike in 2026.

Geoff Yu at BNY highlights that Middle East tensions and constrained traffic through the Strait of Hormuz are keeping key energy supply routes at risk.

Gold (XAU/USD) trades practically flat for the second consecutive day on Friday, with the rejection from three-month highs near $4,700 hit earlier in the week contained at a previous resistance area, just below $4,600.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $70.41 per troy ounce, up 1.68% from the $69.25 it cost on Thursday.

Rabobank Senior Macro Strategist Bas van Geffen says the US-Iran stalemate and disruption in the Strait of Hormuz are keeping oil-driven inflation risks elevated.

Gold (XAU/USD) extends its gains for the second successive day, trading around $4,610 during the European hours on Friday. The price of the precious metal is remaining within the ascending channel pattern, suggesting a persistent bullish bias.

West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.20 during the European hours on Friday. The technical analysis of the daily chart indicates that the spot is remaining within the ascending channel, suggesting that the primary trend is upward.

TradingKey - As of the Asian session on August 28, gold prices (XAUUSD) traded around $4,580, edging lower. Gold prices had earlier approached $4,700, but with U.S. inflation remaining high and severa

ING’s Warren Patterson and Ewa Manthey note Brent Oil prices have recovered, with ICE Brent up 2.1% as prospects for renewed US-Iran talks fade and flows through the Strait of Hormuz gradually increase.

OCBC’s Christopher Wong remains constructive on Gold, but says the rebound looks increasingly mature as firmer inflation lifts yields and the USD. Jackson Hole is the immediate macro test, with resistance at 4700–4769 and support at 4574, followed by 4520.