News

Crude Oil Price Forecast: Brent Hits 7-Month High of $93 as Citi Warns 70-Day Inventory Buffer Line Approaches

TradingKey - Brent crude futures rose to touch $93 a barrel, up 1.41% on the day to hit a new high since July 24. Since August 5, Brent crude prices have surged over 20%. Currently, renewed geopolitic

Source  Tradingkey1787335997
Silver Price Forecast: XAG bulls test $70 as rally extends

Silver prices rally for the third straight day, up more than 2% and, for the week, gains over 7.40%, as a firm US Dollar is not an excuse for precious metals buyers, who are choosing flight-to-quality over haven demand due to the difficult US fiscal stance.

Source  Fxstreet1787335545
Gold hits three-month peak above $4,600 as Middle East risks fuel rally

Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold.

Source  Fxstreet1787334987
Gold Price Forecast: US Treasury Expands Long-Bond Buybacks, Gold Benefits via Dual-Path Logic, May Test Interim High of $4,891

TradingKey - Spot gold (XAUUSD) broke through the $4,600 mark on August 21 Eastern Time and is heading toward $4,700. This is also the first time gold has returned to this level since May 15.Looking a

Source  Tradingkey1787329810
European gas: Storage gap supports high prices – Commerzbank

Norman Liebke at Commerzbank warns that low European gas storage, suspended LNG exports from Qatar and the end of the refilling phase are keeping European gas prices elevated.

Source  Fxstreet1787321967
Gold: Upside asymmetry into next week – TD Securities

TD Securities’ Ryan McKay and Bart Melek note that Gold and broader precious metals are trading in a higher range that could trigger another round of CTA (Commodity Trading Advisors) buying.

Source  Fxstreet1787320236
WTI advances as supply tensions overshadow US inventory build

West Texas Intermediate (WTI) US Oil trades around $86.50 on Friday at the time of writing, up 0.63% on the day. US Oil remains close to Thursday’s high of $87.38, its highest level in more than three weeks, as concerns about global energy supplies continue to support prices.

Source  Fxstreet1787316692
Gold: Safe-haven bid on US debt worries – Commerzbank

Commerzbank’s Carsten Fritsch notes Gold has surged, breaking above USD 4,500 per troy ounce as safe‑haven demand rises on US debt concerns and a weaker Dollar.

Source  Fxstreet1787314470
Silver climbs toward $70 as US Dollar remains under pressure

Silver (XAG/USD) accelerates its advance on Friday and trades around $69.75 at the time of writing, up 2.41% on the day. The white metal reaches its highest level in two months and is on track for a weekly gain of more than 7%, mainly supported by persistent weakness in the US Dollar (USD).

Source  Fxstreet1787312477
$4,600: Gold rallies to three-month high, eyes third weekly gain

Gold (XAU/USD) is heading for a third consecutive weekly gain on Friday, extending an impressive rally that has lifted the precious metal by around 13% so far this month. At the time of writing, XAU/USD trades near $4,590 after briefly climbing above $4,600, its highest level since May 15.

Source  Fxstreet1787310415
Gold Price Forecast: XAU/USD testing three-month highs near $4,600 as the US Dollar dives

Gold (XAU/USD) extends gains on Friday, with bulls aiming for a retest of the $4,600 resistance area, the top of the last six months' trading range.

Source  Fxstreet1787307253
Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $69.94 per troy ounce, up 2.67% from the $68.12 it cost on Thursday.

Source  Fxstreet1787304609
WTI Price Forecast: Oil supply tightness supports further upside above $90

West Texas Intermediate (WTI), futures on NYMEX, trade flat near $86.00 during the European trading session on Friday, closer to its over three-week high of $87.38 posted the previous day.

Source  Fxstreet1787303046
WTI steadies near $86.00 as Iran sanctions threat offsets US inventory build

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the early Asian trading hours on Tuesday. WTI steadies near one-month highs as traders continue to digest the Middle East developments. 

Source  Fxstreet1787291788
India Gold price today: Gold rises, according to FXStreet data

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

Source  Fxstreet1787286927
Gold advances to fresh high since June amid renewed USD selling, fading Fed hike bets

Gold (XAU/USD) hits a fresh high since early June, around the $4,544 region, during the Asian session on Friday and looks to build on the momentum above a technically significant 200-day Simple Moving Average (SMA).

Source  Fxstreet1787285240
WTI consolidates around $86.00; bulls potential intact amid US-Iran impasse

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range around the $86.00 mark during the Asian session on Friday and remains well within striking distance of a three-week high, touched the previous day.

Source  Fxstreet1787274596
Gold drifts higher above $4,500 on US Treasury buyback

Gold price (XAU/USD) edges higher to around $4,530 during the early Asian session on Friday. The precious metal rebounds after earlier falling following the US President Donald Trump administration’s unexpected decision to boost repurchases of longer-dated bonds. 

Source  Fxstreet1787269036
Silver Price Forecast: XAG/USD tests 100-day SMA as rally extends

Silver price extended its gains on Thursday, up more than 1.70%, even as US yields recovered some ground and then resumed their rise following the US Treasury bond buyback announcement. The XAG/USD trades at $68.18 at the time of writing.

Source  Fxstreet1787249541
Gold pulls back as US yields recover after Treasury buyback

Gold (XAU/USD) price retreats about 0.33% on Thursday as US Treasury yields trim some of their Wednesday losses, weighing on bullion, which is also pressured by the recovery of the US Dollar. The XAU/USD pair trades at $4,509, after hitting a daily high of $4,540.

Source  Fxstreet1787247403
WTI hits three-week high as Iran deadlock supports Oil

West Texas Intermediate (WTI) US Oil rises 1.89% on Thursday and trades around $85.85 at the time of writing, after reaching a fresh three-week high at $87.38 earlier in the day.

Source  Fxstreet1787238766
Gold: Higher range holds but next leg delayed – TD Securities

Ryan McKay and Bart Melek at TD Securities say Gold and broader precious metals are likely to remain comfortable in a higher trading range.

Source  Fxstreet1787233554
Gold: Rally faces questions as buybacks reshape yields – BNY

BNY Mellon’s Geoff Yu notes Gold has surged through $4,500/oz. as investors reassess U.S. Treasury buybacks and their inflation implications. The report argues the intervention has calmed bond markets but may shift pressure into alternative stores of value like Gold and Bitcoin.

Source  Fxstreet1787229612
Silver gives back some gains as US yields rebound

Silver (XAG/USD) declines 0.44% on Thursday and trades around $66.70 at the time of writing, giving back part of Wednesday’s gains.

Source  Fxstreet1787226265
Gold pares gains, remaining close to recent highs, as Treasury buybacks weigh on US Dollar

Gold (XAU/USD) bulls take a breather on Thursday following the sharp rally on the previous day, triggered by a steep pullback in long-term US Treasury yields. At the time of writing, XAU/USD trades around $4,488, easing from an intraday high of $4,527, its highest level since June 2.

Source  Fxstreet1787224570
Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses

Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.

Source  Fxstreet1787223375
Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.71 per troy ounce, down 0.42% from the $67.00 it cost on Wednesday.

Source  Fxstreet1787218367
WTI refreshes three-week high near $86 amid US-Iran deadlock

West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher at around $86.00 during the European trading session on Thursday, the highest level seen in over three weeks.

Source  Fxstreet1787216127
Copper: Tight physical market supports prices – ING

ING’s commodities team, led by Ewa Manthey and Warren Patterson, reports Copper market tightness has eased slightly as LME inventories rose by more than 55kt over two sessions, narrowing the cash-to-three-month backwardation.

Source  Fxstreet1787216105
Oil: Rally extends on sanctions risk – ING

ING strategists Ewa Manthey and Warren Patterson note Oil has extended its rally for a fifth straight session, with ICE Brent above $92 and WTI over $86 as markets react to tighter US sanctions on Iran.

Source  Fxstreet1787212977
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