TradingKey - The two major crude oil benchmarks spiked in short-term trading after U.S. President Trump said military strikes against Iran could resume.According to media reports, Trump said on Wednes

United States EIA Crude Oil Stocks Change came in at -8.262M below forecasts (-4.6M) in June 12

Gold (XAU/USD) trades around $4,332.60 on Wednesday at the time of writing, little changed on the day, as investors remain cautious ahead of the Federal Reserve’s (Fed) monetary policy decision.

Societe Generale analysts Jitesh Kumar and Jeremy Sellem note that Brent Oil prices are normalizing following the US-Iran deal, but highlight differing adjustments across spot, volatility and option skew.

UOB Global Economics & Markets Research highlights that Gold advanced as expectations for another Fed hike this year eased following an interim US-Iran peace deal that pushed Oil and inflation expectations lower.

Silver (XAG/USD) trades around $69.85 on Wednesday at the time of writing, down 0.25% on the day. Traders remain cautious ahead of the Federal Reserve’s (Fed) policy decision later in the day, which could provide fresh guidance on the outlook for US interest rates.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $69.70 per troy ounce, down 0.47% from the $70.03 it cost on Tuesday.

MUFG’s Derek Halpenny underlines that Brent Oil falling below USD 80 and a roughly 30% drop in crude over a month have significantly reduced perceived near-term inflation risks from energy.

West Texas Intermediate (WTI) oil price remains subdued for the fifth successive day, trading around $75.60 per barrel during the European hours on Wednesday. Crude oil prices declined as investors weighed the impact of an upcoming United States (US)-Iran peace deal.

Half of the world’s mined Silver comes from only three countries: Mexico, Peru and China. In a market facing running structural deficits, the concentration in only a few countries leaves it subject to vulnerability in case there is any disruption in any of the core producers.

Societe Generale’s Kenneth Broux and colleagues note Brent has broken below its 200‑day moving average around $78.4, leaving prices roughly 38% off their peak but still about 10% above pre‑war levels.

Deutsche Bank’s Jim Reid and colleagues note that Brent Oil has extended its decline as markets react to reports of a 14‑point US–Iran peace framework, including waivers for Iranian exports and reopening of the Strait of Hormuz.

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

Rabobank’s RaboResearch Global Economics & Markets team highlights growing central bank interest in Gold as global insecurity rises and de-dollarization continues.

Gold (XAU/USD) struggles to capitalize on its weekly gains, though it holds above the $4,300 mark through the Asian session on Wednesday. The latest optimism over an interim US-Iran peace deal keeps the US Dollar (USD) on the defensive, which is seen supporting the bullion.

TradingKey - On Tuesday, Brent crude futures for August delivery settled down over 5% at $78.96 per barrel, falling below $80 for the first time in three months. Brent has fallen for four consecutive

Gold price (XAU/USD) holds positive ground around $4,335 during the early Asian session on Wednesday. The precious metal rebounds from its lowest levels of the year, which reached last week after the United States (US) and Iran had agreed on a framework deal to end the war.

United States API Weekly Crude Oil Stock below expectations (-4.5M) in June 12: Actual (-8.33M)

Gold (XAU/USD) price rises over 0.81% on Tuesday as the US-Iran deal eased inflationary pressures, prompting traders to scale back bets that the Federal Reserve (Fed) will raise rates later in 2026. At the time of writing, the XAU/USD pair trades at $4,344 after bouncing off daily lows of $4,306.

West Texas Intermediate (WTI) Crude Oil is in free fall, and the market is not waiting for confirmation.

An article published by the Wall Street Journal (WSJ) revealed that within the US-Iran deal, Tehran is allowed to sell Oil immediately. Alongside this, the deal waived sanctions on banking and transport to facilitate transactions, as the article reads.

Silver (XAG/USD) advances on Tuesday and trades around $70.45 at the time of writing, up 0.60% on the day. The white metal extends its rebound as investors adjust positions ahead of the Federal Reserve's (Fed) monetary policy decision due on Wednesday.

Gold (XAU/USD) holds above the $4,300 mark on Tuesday as traders await further details on the peace framework between the United States (US) and Iran. At the time of writing, XAU/USD trades around $4,340, up 0.70% on the day

Demand for Gold by global central banks is anticipated to remain strong this year despite bullion prices rising over 120% in the last two years, data from the World Gold Council (WGC) published on Tuesday shows.

Crude Oil depreciates further on Tuesday, as the first details of the US-Iran deal start to emerge and hopes of the reopening of the key Strait of Hormuz grow.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $70.51 per troy ounce, up 0.70% from the $70.02 it cost on Monday.

Christopher Wong at OCBC notes Gold has rebounded about 5% as US‑Iran de‑escalation eased Oil-led inflation and rates shocks. He cautions that upside momentum may slow into the FOMC, with further gains dependent on softer Oil, lower yields and evidence Fed hawkish repricing has peaked.

TradingKey - As of today's (June 16) European session, the crude oil market has continued to weaken on expectations of an impending preliminary US-Iran agreement. The market may begin trading on the s

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.20 during the early European trading hours on Tuesday. The WTI price falls to a three-month low after the United States (US) and Iran have agreed on a framework deal to end the war. 

Gold (XAU/USD) maintains a mildly positive tone on Tuesday, holding gains after rallying about 6.5% over the last few days.