Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $74.54 per troy ounce, down 4.06% from the $77.70 it cost on Wednesday.
Gold (XAU/USD) remains under pressure on Thursday but holds near $4,700 at the time of writing, showing some resilience despite an unfavorable backdrop.
West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on Thursday.
Rabobank’s Global Strategist Michael Every warns that conflict around Iran and disruptions in the Strait of Hormuz could significantly extend the energy normalization timeline.
ING analysts Warren Patterson and Ewa Manthey report that Gold and Silver have rebounded after recent losses, supported by a weaker Dollar and easing geopolitical tensions.
TradingKey - As of the close on Wednesday, April 22 (ET), Brent crude oil futures settled at $101.91 per barrel, up 3.48%. WTI crude oil prices closed at $92.96 per barrel, up 3.67%, marking the fourt
TradingKey - In 2026, global assets exhibited a localized seesaw phenomenon against the backdrop of geopolitical conflicts. Gold, long renowned as a safe haven, underwent a sharp correction after hitt
ING analysts Warren Patterson and Ewa Manthey say Brent has broken back above $100/bbl as the oil market reprices expectations around the Iran conflict and disruptions in the Persian Gulf.
West Texas Intermediate (WTI) oil price gains ground for the third consecutive day, trading around $93.00 per barrel during Asian hours on Thursday. Crude oil prices advance amid rising supply concerns on ongoing Middle East uncertainty and the blockade of the Strait of Hormuz.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold (XAU/USD) struggles to capitalize on the previous day's modest gains and attracts fresh selling during the Asian session on Thursday.
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Iran fired on three ships in the Strait of Hormuz and escorted two of them to Iranian waters, the Wall Street Journal reported on Wednesday. The attacks came a day after US President Donald Trump extended a ceasefire while maintaining an American blockade of Iranian ports.
The White House said that US President Donald Trump has not set a deadline on Iran submitting a peace proposal, the Guardian reported on Wednesday. On Tuesday, Trump extended the ceasefire and vowed to continue the US blockade on Iranian ports.
Gold price (XAU/USD) trades in negative territory near $4,730 during the early Asian session on Thursday. The precious metal declines as traders remain cautious over US-Iran peace talks to end the nearly two-month war that has intensified global inflation concerns.
Gold (XAU/USD) price holds steady on Wednesday, staging a slight recovery following Tuesday’s over 2% drop, as the resolution of the conflict in the Middle East remains uncertain, while falling US Treasury yields boosted the precious metal’s appeal.
West Texas Intermediary (WTI) Crude Oil advanced more than 3% on Wednesday, trading back above $92 after testing $93 earlier in the session. The move extends a sharp two-day recovery from Monday's low around $85, reclaiming territory last seen in early April.
Silver (XAG/USD) advances on Wednesday and trades around $77.70 at the time of writing, up 1.33% on the day. Silver is recovering after recent weakness as investors remain cautious amid persistent geopolitical tensions in the Middle East.
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent is nearing USD100 as flows through the Strait of Hormuz are unlikely to resume early, pushing markets into an Oil–stagflation channel.
TradingKey - International oil prices fluctuated at high levels below $100 per barrel on Wednesday. Although U.S. President Trump announced an indefinite extension of the U.S.-Iran ceasefire agreement
Gold (XAU/USD) rebounds on Wednesday, trimming a portion of the losses recorded on the previous day. The move follows the announcement by US President Donald Trump extending the ceasefire with Iran just hours before it was due to expire.
West Texas Intermediate (WTI), future on NYMEX, claws back its early losses and flattens around $89.60 during the European trading session on Wednesday.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $78.10 per troy ounce, up 1.90% from the $76.64 it cost on Tuesday.
Societe Generale strategists note that Brent has retreated from recent highs after President Trump extended the Iran ceasefire indefinitely, with Oil prices still seen on an uncertain path back toward normalisation.
TradingKey - The U.S.-Iran conflict remains in a stalemate. On Tuesday (April 21), Trump announced an extension of the ceasefire deadline shortly before it was set to expire, as oil prices edged lower
Rabobank’s Global Strategist Michael Every shifts its Iran conflict base case to a longer closure of Hormuz, warning of sustained disruptions to Oil flows and rising physical prices in Asia.
Crude prices edged lower on Wednesday following US President Donald Trump's unilaterally announced extension of the ceasefire on Tuesday.
Silver price (XAG/USD) trades 2.3% higher to near $78.50 during the early European trade on Wednesday.
The United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday that it has received a report of an incident 15 nautical miles northeast of Oman, where the master of a container ship reported being approached by an IRGC gunboat.