West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $96.60 per barrel during the Asian hours on Thursday.
US President Donald Trump is expected to meet Gulf leaders on the sidelines of the UN General Assembly in New York next Tuesday to discuss the next steps in the Iran war, Reuters reported on Wednesday.
Gold price (XAU/USD) attracts some sellers to around $4,265 during the early Asian session on Thursday. The precious metal extends its downside after the US Federal Reserve (Fed) raises interest rates and signals another rate increase is likely this year.
Spot Gold is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market Committee (FOMC) announced a 25 basis-point (bps) interest rate hike, as expected.
Silver (XAG/USD) trades under pressure on Wednesday as a stronger US Dollar and rising US Treasury yields weigh on the non-yielding metal following the Federal Reserve’s (Fed) monetary policy decision. At the time of writing, XAG/USD trades around $62.68, down 1.56% on the day.
Texas Intermediate (WTI) Oil holds near its daily low on Wednesday, showing little immediate reaction to the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, WTI trades around $97.50 per barrel, down roughly 3.3% on the day.
The United States (US) Federal Open Market Committee (FOMC) announced a 25 basis-point (bps) interest rate hike following its two-day meeting, pushing the US Dollar (USD) firmly up against most major rivals. With this decision, the Funds Target Range (FFTR) stands floating in the 3.75%–4.00% range.
West Texas Intermediate (WTI) Oil falls on Wednesday as Saudi Arabia steps up efforts to restore flows through its East-West pipeline, which was damaged by a drone attack last week.
Silver (XAG/USD) rebounds on Wednesday and trades around $64.00 per troy ounce at the time of writing, up 1.32% on the day.
Gold (XAU/USD) rebounds on Wednesday as sellers trim their exposure ahead of the Federal Reserve’s (Fed) monetary policy announcement.
Gold (XAU/USD) trades cautiously below $4,350 on Wednesday as investors refrain from taking large positions ahead of the Federal Reserve (Fed) monetary policy decision.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $64.54 per troy ounce, up 1.36% from the $63.67 it cost on Tuesday.
West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday.
Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz.
Silver price (XAG/USD) is up 1.8% to near $64.80 during the European trading session on Wednesday. The white metal trades firmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
TradingKey - During the Asian trading session on September 16, spot gold (XAUUSD) moved higher rapidly, reclaiming the $4,300/oz mark and touching $4,340/oz intraday.According to CME FedWatch data, ma
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $100.00 during the early European trading hours on Wednesday. WTI falls after an unexpected build in US crude inventories.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold (XAU/USD) attracts some dip-buyers near the $4,275 region during the Asian session on Wednesday, though the upside potential seems limited. The US Dollar (USD) pauses for a breather after touching a two-week high and offers some support to the commodity.
Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday.
The Saudi-led coalition said that Saudi air defenses intercepted and destroyed a drone launched by Yemen’s Houthi group near Mecca, Reuters reported on Tuesday.
Gold price (XAU/USD) declines to near $4,285 during the early Asian session on Wednesday.
West Texas Intermediate (WTI) Crude Oil trades just above $100.00, up about 3% on the day. It is on track for a third straight weekly gain.
Gold (XAU/USD) price holds firm on Tuesday, capped on the upside by solid resistance at the 100-day Simple Moving Average (SMA) at $4,328, while broad US Dollar strength and elevated US bond yields weighed on the non-yielding metal.
Silver (XAG/USD) trades around $63.40 on Tuesday at the time of writing, up 0.28% on the day. The white metal attempts to stabilize as investors refrain from taking large positions ahead of the United States (US) Federal Reserve (Fed) monetary policy decision on Wednesday.
ING’s Warren Patterson and Ewa Manthey report that European Natural Gas prices at TTF remain well above EUR80/MWh as Middle East tensions curb hopes for increased LNG flows from the Persian Gulf.
TD Securities analysts Ryan McKay and Bart Melek report that Gold remains under pressure as CTAs accelerate selling ahead of the upcoming Fed meeting, with prices nearing levels that could push funds net short.
RaboResearch raises its TTF forecasts to €72/MWh for Q4 2026 and €58/MWh for Q1 2027, citing prolonged Hormuz disruptions, low European storage and greater LNG dependence.
Gold (XAU/USD) remains on the defensive on Tuesday as a stronger US Dollar (USD), rising US Treasury yields and US Federal Reserve (Fed) interest rate hike expectations create a challenging backdrop for the non-yielding metal.