Gold prices rally more than 1% on Friday after economic growth in the US decelerated, while inflation rose past the 3% threshold as depicted by the Core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s (Fed) favorite inflation gauge.
Silver (XAG/USD) builds on its recent recovery on Friday, with prices climbing for a third consecutive day as lingering geopolitical risks fuel safe-haven flows. At the time of writing, XAG/USD is trading near $82.80, on track to post a weekly gain of more than 5%.
Silver (XAG/USD) trades around $80.20 on Friday at the time of writing, up 2.28% on the session.
ING’s Warren Patterson and Ewa Manthey report that Gold is trading around $5,000/oz as investors reassess geopolitical risks and the macro backdrop.
Gold (XAU/USD) gains momentum on Friday after trading largely flat on the previous day, as ongoing tensions between the United States (US) and Iran lift demand for safe-haven assets.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $81.07 per troy ounce, up 3.39% from the $78.41 it cost on Thursday.
ING analysts Warren Patterson and Ewa Manthey note European natural gas prices have rallied as Middle East tensions raise risks to global LNG trade, with EU storage well below its five‑year average.
Rabobank’s Molly Schwartz notes that crude Oil has reacted sharply to shifting US–Iran headlines, with prices rising to $72 per barrel, the highest since early August.
Silver price (XAG/USD) trades cautiously around $78.40 during the late Asian trading session on Friday. The white metal consolidates ahead of the preliminary United States (US) Q4 Gross Domestic Product (GDP) data, which will be published at 13:30 GMT.
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold (XAU/USD) struggles to capitalize on its modest gains registered over the past two days and oscillates in a narrow trading band, around the $5,000 psychological mark during the Asian session on Friday.
Silver (XAG/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow range during the Asian session on Friday.
West Texas Intermediate (WTI) Oil price eases after two consecutive sessions of gains, trading near $66.40 per barrel during Asian hours on Friday.
BNY’s EMEA Macro Strategist Geoff Yu highlights that industrial metals have failed to reclaim early-year highs and sees little macro support for a rebound.
West Texas Intermediate (WTI) extends its advance on Thursday following a nearly 4.9% rally a day earlier, as mounting US-Iran tensions fuel concerns over potential supply disruptions in the Middle East.
Rabobank’s RaboResearch team argues that Europe’s natural gas demand will decline only gradually across heating, industry and power.
ING’s Warren Patterson and Ewa Manthey note that Copper has rebounded toward $13,000/t, but elevated exchange inventories continue to weigh on sentiment.
Gold (XAU/USD) trades flat on Thursday, struggling to extend the previous day’s gains as traders weigh hawkish Federal Reserve (Fed) meeting Minutes against persistent geopolitical tensions.
ING’s Warren Patterson and Ewa Manthey note that Oil prices have surged as markets focus on potential US military action against Iran and associated risks to Persian Gulf supply.
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.14 per troy ounce, up 2.29% from the $77.36 it cost on Wednesday.
Rabobank’s Michael Every highlights sharply rising geopolitical risks around a potential US–Iran conflict, noting media talk of a high probability of war and expectations of Iranian retaliation across the region.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold (XAU/USD) consolidates during the Asian session on Thursday and remains below the $5,000 psychological mark as traders remain on the sidelines amid mixed cues.
Silver (XAG/USD) struggles to capitalize on the previous day's positive move and oscillates in a narrow trading band during the Asian session on Thursday.
Gold bounced sharply on Wednesday after falling more than 2% in the previous session, as traders positioned ahead of the FOMC minutes later today.
Oil prices whipsawed this week as the second round of US-Iran nuclear negotiations in Geneva dominated sentiment.
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