West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.15 during the early Asian trading hours on Thursday. The WTI price loses ground amid concerns over weakening demand following a surprise increase in US crude inventories.
Gold price registers decent gains on Wednesday as US Treasury yields recede, even though the Greenback trades solidly against its peers. Trade developments continued to dictate the market’s direction, while the latest minutes indicate that officials are still considering a rate cut in 2025.
WTI Crude Oil is trading higher on Wednesday as attacks in the Red Sea overshadow reports of rising supply.
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC) Meeting Minutes.
Gold price (XAU/USD) slips below the round-level support of $3,300 on Wednesday.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
US Copper futures hit a record high yesterday after President Donald Trump announced he plans a 50% tariff on Copper imports. The magnitude of yesterday’s spike also set a record for a one-day increase.
Oil prices edged higher yesterday, with Brent settling back above $70/bbl. This is despite ongoing uncertainty over tariffs, along with OPEC+ recently announcing a larger-than-expected increase in supply for August, ING's commodity experts Ewa Manthey and Warren Patterson note.
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $67.17 per barrel, down from Tuesday’s close at $67.29.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $69.48 after its previous daily close at $69.56.
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
TradingKey – As markets anticipate a breakthrough in U.S. trade negotiations, risk appetite is rising, leading to a sharp divergence between gold and Bitcoin prices.During Asian trading hours on Wedne
Gold price is plunging over 1% on Tuesday during the North American session as appetite for its safe-haven demand diminished, although US President Donald Trump announced that the first tariff letters had been sent to some of the US's trade partners.
Silver (XAG/USD) is trading near $36.70 on Tuesday, easing slightly on the day but holding firm within a narrow consolidation range. The metal has been hovering near 13-year highs, as markets assess the potential impact of the latest tariff threats by US President Donald Trump.
Gold (XAU/USD) remains in a well-defined range between $3,320 and $3,350 at the time of writing on Tuesday, amid a looming tariff deadline and potential trade deals.
Gold price (XAU/USD) drops to near $3,325 during the European trading session on Tuesday.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $66.74 per barrel, down from Monday’s close at $67.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.93 after its previous daily close at $69.16.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold price registers minimal losses on Monday as worries about the resumption of a possible trade war increase, following US President Donald Trump's announcement on his social media platforms of the first trade letters sent to South Korea and Japan, which establish duties on goods and products.
Silver bulls are suffering losses Monday as the strong US Dollar and rising US yields reduce demand for precious metals.
TradingKey - Since July, gold prices have weakened due to easing geopolitical tensions and a cooling trade dispute. Although the People's Bank of China (PBoC) has been continuously increasing its gold
Gold (XAU/USD) is currently under pressure as markets await more news of trade deals ahead of Wednesday’s tariff deadline.
TradingKey - OPEC+ surprised the market by announcing its fourth consecutive round of crude oil production increases at its early July meeting — the scale of the increase far exceeded expectations and
Gold price (XAG/USD) is down almost 0.8% to near $3,300 during the European trading session on Monday. The yellow metal faces a sharp selling pressure as risk-off market sentiment has increased safe-haven demand of the US Dollar (USD).
Citing five sources familiar with the discussions, Reuters reported on Monday that OPEC+ oil producers are set to approve another output boost by 550,000 barrels per day (bpd) for September when it meets next on August 3.
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $65.41 per barrel, down from Friday’s close at $65.66.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $67.92.
Gold prices fell in India on Monday, according to data compiled by FXStreet.