West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.50 during the Asian trading hours on Tuesday. The WTI edges lower amid a rise in US crude inventories.
Silver (XAG/USD) reverses a modest Asian session dip to levels below the $50.00 psychological mark and looks to build on the previous day's bounce from an over one-week low.
Gold price XAU/USD attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the risk-off sentiment as traders brace for the long-awaited return of US economic data.
West Texas Intermediate (WTI) Oil edges higher on Tuesday, trading around $60.50 and up nearly 1.35% on the day, despite ongoing worries about a widening supply surplus.
Gold (XAU/USD) advances modestly during Tuesday’s North American session as the Greenback also remains bid and risk appetite deteriorates amid fears of an economic slowdown. At the time of writing, XAU/USD trades at $4,058, up 0.36%.
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure.
Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,040, staging a modest rebound after slipping to $3,998 earlier in the Asian session.
Gold has bounced up from $4,000 but remains capped below a previous support, at $4.050.
Gold remains relevant as a portfolio diversifier even though positive correlations with risk have become more frequent in recent years, Deutsche Bank's Research Analyst Michael Hsueh reports.
Silver price (XAG/USD) claws back its early losses and turns slightly positive to near $50.30 during the European trading session on Tuesday.
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $59.34 per barrel, down from Monday’s close at $59.71.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.38 after its previous daily close at $63.75.
Silver price (XAG/USD) continues its losing streak for the fourth successive session, trading around $49.50 per troy ounce during the Asian hours on Tuesday. The non-interest-bearing Silver struggles amid declining US Federal Reserve (Fed) rate cut bets for December.
Gold (XAU/USD) remains under some selling pressure for the fourth consecutive day on Tuesday and drifts back closer to a one-and-a-half-week low, around the $4,000 neighborhood, touched the previous day.
West Texas Intermediate (WTI) Oil price stalls its three-day rally, slipping to around $59.60 per barrel during Asian hours on Tuesday. Prices softened amid renewed concerns about oversupply after an ING report projected a significant market surplus through 2026.
Gold (XAU/USD) trades choppy during Monday’s session as market participants now expect the Federal Reserve (Fed) will keep rates unchanged at the December meeting, while they also wait for the release of the first tranche of US economic data this week.
Silver (XAG/USD) trades slightly higher on Monday, around $50.90 at the time of writing, up 0.50% on the day.
WTI inches higher on Monday, supported by steady risk sentiment and easing supply concerns after Russia’s Novorossiysk hub resumed shipments following last week’s Ukrainian strike.
Gold (XAU/USD) kicks off the week on a subdued note, consolidating losses after a two-day slide that followed last week’s push to over a three-week high.
Gold’s (XAU/USD) reversal from monthly highs near $4,250 hit last week has been contained above $4,040, but the precious metal is trading sideways on Monday with upside attempts capped below the $4,100 so far.
LME Copper and Aluminium pared weekly gains as China’s economy cooled more than expected in October, ING's commodity experts Ewa Manthey and Warren Patterson note.
ICE Brent settled almost 1.2% higher last week after a Friday rally following a Ukrainian attack on the Russian port of Novorossiysk.
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $59.30 per barrel, down from Friday’s close at $59.77.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $63.92.
Gold (XAU/USD) attracts some sellers following a modest Asian session uptick to levels just above the $4,100 mark and remains on the defensive for the third straight day on Monday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.35 during the Asian trading hours on Monday. The WTI attracts some sellers following signs that activity had resumed at the key Russian port of Novorossiysk on the Black Sea.
Gold (XAU/USD) tumbles near 2% on Friday yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve might pause its easing cycle as most officials struck a hawkish message.
West Texas Intermediate (WTI) US Oil trades around $59.50 on Friday at the time of writing, up 1.60% on the day, after hitting a daily high at $60.47.
Gold (XAU/USD) is heading lower on a choppy trading session on Friday, weighed by a firmer US Dollar amid the risk-averse sentiment.
The Copper price only briefly exceeded the $11,000 per ton mark, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.