Gold (XAU/USD) rallies to new record high past $4,600 on Monday due to safe-haven flows courtesy of the US Department of Justice, which presented charges against the Federal Reserve Chair Jerome Powell over the building’s renovations. At the time of writing, XAU/USD trades at $4606, up more than 2%.

Silver (XAG/USD) trades around $85.40 on Monday at the time of writing, up 7.00% on the day. Silver is holding onto most of its gains and is moving closer to its all-time high of $58.87 set on December 28, against a backdrop of heightened risk aversion and a strong shift toward safe-haven assets.

TradingKey - With escalating global geopolitical tensions, a weakening US dollar, and rising market expectations for future rate cuts, gold and silver have surged recently, both hitting fresh all-time

Gold (XAU/USD) trades around $4,580 on Monday at the time of writing, up 1.60% on the day. The precious metal reached a new all-time high at $4,601.32 earlier in the day, extending a particularly strong bullish trend seen over recent weeks.

Gold (XAU/USD) kicks off the week with strong upward momentum, surging to fresh record highs near the $4,600 psychological mark as renewed concerns over Federal Reserve (Fed) independence fuel broad risk aversion. At the time of writing, XAU/USD trades around $4,583, up nearly 1.70% on the day.

Gold has rebounded from an interim low near $4,270 and broken above its December high, signalling renewed upside momentum after successfully defending its multi-month rising trend line, Société Générale's FX analysts note.

After a strong end to last week, the Oil market has continued to strengthen in early-morning trading today as protests in Iran escalate, raising concerns about supply. The Iranian government warned both the US and Israel not to intervene amid the ongoing unrest.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $84.16 per troy ounce, up 5.43% from the $79.82 it cost on Friday.

Gold (XAU/USD) scales higher for the third straight day – also marking the fifth day of a positive move in the previous six – and touches a fresh record high, around the $4,600 mark, during the Asian session on Monday.

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

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.20 during the early Asian trading hours on Monday. The WTI price jumps as tensions in Iran are fueling concerns in the oil market.

Gold price ( XAU/USD) rises to a fresh all-time high near $4,555 during the early Asian session on Monday. The precious metal extends its upside amid safe-haven demand and expectations of a US interest rate cut.

US President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country, CNN reported on Sunday. The sources said Trump considers following through on his recent threats to strike the Iranian regime should it use lethal force against civilians.

United States Baker Hughes US Oil Rig Count declined to 409 from previous 412

Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ticked lower, yet investors are still betting the Federal Reserve (Fed) to cut rates this year.

China’s net Gold imports from Hong Kong rose to 16.2 tons in November, doubling October’s weak level, but overall imports remained low compared to previous months, reflecting muted demand, Commerzbank's commodity analyst Carsten Fritsch notes.

West Texas Intermediate (WTI) trades with a negative bias on Friday after posting solid gains the previous day, as traders continue to assess the implications of increased US oversight of Venezuelan Oil following recent military action in Caracas.

US sanctions and blockades contributed to a decline in Venezuelan Oil production to 830,000 barrels per day in December, about 130,000 barrels lower than November, while overall OPEC production remained stable at around 29 million barrels per day, Commerzbank's commodity analyst Barbara Lambrecht no

Oil prices came under pressure in the middle of the week. This was triggered by a statement by US President Trump on his social media platform that the US would buy 30-50 million barrels of sanctioned Oil from Venezuela.

Silver (XAG/USD) trades modestly higher on Friday, with the white metal hovering around $77.70 at the time of writing, up  1.10% on the day. Silver consolidates its recent gains as investors remain cautious ahead of the release of the US Nonfarm Payrolls (NFP) report later in the day.

Gold (XAU/USD) trades little changed on Friday as markets turn cautious ahead of the US Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, XAU/USD trades around $4,470, consolidating after bouncing from the $4,400 region on Thursday.

Gold (XAU/USD) sellers were halted at the $4,400 support area on Thursday, and bounced up to the highest range of the $4,400s, aiming for the $4,500 area with precious metals buoyed amid a moderate risk aversion on Friday.

Precious metals including Gold and Silver saw a pullback overnight amid annual rebalancing of major commodity indices including the Bloomberg Commodity Index which began on 8 January over the next 5 business days.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $77.91 per troy ounce, up 1.29% from the $76.92 it cost on Thursday.

West Texas Intermediate (WTI) Oil price loses ground after registering over 4% gains in the previous session, trading around $58.10 per barrel during the Asian hours on Friday. Oil prices depreciate amid rising global inventories and oversupply.

Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from the vicinity of the $4,400 mark and attracts fresh sellers during the Asian session on Friday.

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

West Texas Intermediate (WTI) US Crude Oil prices attract fresh sellers during the Asian session on Friday and erode a part of the previous day's strong move up from the vicinity of the lowest level since December 19, touched earlier this week.

Gold price hovers around its opening price on Thursday after hitting a daily low of $4,407 as US Treasury yields rise and the Greenback follows suit. Economic data in the US has improved the outlook of the labor market ahead of the release of the crucial December Nonfarm Payrolls report.

Silver (XAG/USD) trades around $75 on Thursday at the time of writing, down 4.20% on the day, in an otherwise calm market environment.