ING strategists Warren Patterson and Ewa Manthey report Gold has risen for a second session as softer US producer price data weighs on the Dollar and Treasury yields, reducing expectations of near-term Federal Reserve tightening.

OCBC strategists Sim Moh Siong and Christopher Wong note that softer United States (US) inflation data has reduced expectations of near-term Fed tightening, weighing on front-end US yields and the US Dollar (USD) while supporting risk-sensitive assets.

ING analysts Warren Patterson and Ewa Manthey note Oil prices have extended gains as US–Iran tensions escalate and tanker flows through the Strait of Hormuz remain under pressure. Large second-quarter inventory drawdowns and the imminent end of global SPR releases leave the market more exposed.

Silver price (XAG/USD) trades 1.33% lower to near $58.00 during the European trading session on Thursday. The white metal faces selling pressure as elevated energy prices due to renewed aggression between the United States (US) and Iran have de-anchored inflation expectations again.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – ticks lower during the Asian session on Thursday, though it lacks bearish conviction and remains close to an over one-month high touched earlier this week.

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

Gold (XAU/USD) attracts fresh sellers during the Asian session on Thursday and drops back closer to the previous day's swing low, around the $4,025 region in the last hour.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.50 during the early Asian trading hours on Thursday.

The US Central Command (CENTCOM) said that it has launched another wave of strikes against Iran in a further effort to keep the Strait of Hormuz open, the Guardian reported on Wednesday. 

Gold price (XAU/USD) edges higher to around $4,060 during the early Asian session on Thursday. The precious metal rebounds as softer US inflation has fueled hopes that the US Federal Reserve (Fed) will hold rates steady at the upcoming July policy meeting.

West Texas Intermediate (WTI) crude Oil consolidates modest losses on Wednesday but stays close to a one-month high as escalating Middle East tensions keep supply risks around the Strait of Hormuz in focus. At the time of writing, WTI trades around $78.70, up roughly 10% so far this week.

The US Dollar (USD) is under strong selling pressure on Wednesday, yet action around XAU/USD is muted.

The Gold price turns negative on Wednesday, even though the last two US inflation reports showed that prices are dropping, though developments in the Middle East sent energy prices higher. At the time of writing, the XAU/USD traded at $4,034, down some 0.53%.

Silver (XAG/USD) trades on the back foot on Wednesday, struggling to capitalize on a weaker US Dollar (USD) as hawkish Federal Reserve (Fed) expectations keep bears in control. At the time of writing, XAG/USD trades around $57.55, down 1.90% on the day.

United States EIA Crude Oil Stocks Change came in at -1.693M, above forecasts (-2.6M) in July 10

Gold (XAU/USD) trades on the back foot on Wednesday as the US Dollar (USD) and US Treasury yields rebound after coming under pressure on Tuesday following softer-than-expected US Consumer Price Index (CPI) data.

Gold (XAU/USD) edges lower on “inside trading” on Wednesday, with price action contained within Tuesday’s range, as the pair keeps looking for direction above the $4,000 level.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.41 per troy ounce, down 0.46% from the $58.68 it cost on Tuesday.

Silver price (XAG/USD) is down 0.6% to near $58.00 during the European trading session on Wednesday.

Deutsche Bank strategists highlight a sharp two-day rally in Brent Oil driven by geopolitical tensions and Gulf-related policy headlines.

West Texas Intermediate (WTI) oil price continues to gain ground for the third successive day, trading around $79.40 per barrel during the European session on Wednesday.

OCBC’s Sim Moh Siong and Christopher Wong report that Gold has rebounded from sub-4000 levels after softer United States (US) Consumer Price Index (CPI) prompted markets to pare Fed hike expectations and pushed USD and front-end US Treasury yields lower.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a narrow band during the Asian session on Wednesday, consolidating its weekly gains to a nearly one-month peak set the previous day.

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

Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, though it holds above the $4,000 psychological mark during the Asian session on Wednesday.

US President Donald Trump said that Iran retains some resilience but is largely depleted. He emphasized that he will preserve energy objectives in Iran until the end, Fox News reported on Tuesday.

Gold price (XAU/USD) rises to around $4,050 during the early Asian session on Wednesday. The precious metal rebounds as softer-than-expected US inflation data boosted hopes of the US  Federal ‌Reserve (Fed) adopting a less hawkish stance.

United States API Weekly Crude Oil Stock above expectations (-2.7M) in July 10: Actual (-0.056M)

Gold price surges by some 1.50% on Tuesday as US consumer inflation data came in below estimates, easing pressure on the Federal Reserve (Fed) to further tighten ahead of 2026. The XAU/USD trades at $4,050 after bouncing off daily lows of $3,983.

TradingKey - US CPI inflation slowed more than market expectations in June, but Federal Reserve Chairman Warsh made hawkish remarks, emphasizing that the current primary task is to restore price stabi