Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $67.18 per troy ounce, up 3.03% from the $65.21 it cost on Thursday.

Gold (XAU/USD) extends gains for the second consecutive day on Friday as the pullback in US Treasury yields has offset the negative impact of the hawkish hike delivered by the Federal Reserve (Fed) earlier this week.

The US benchmark West Texas Intermediate (WTI) Oil is heading for its first weekly decline in the last three weeks, as prices near the $95 level after hitting fresh four-month highs at 102.07 last Tuesday.

Silver price (XAG/USD) extends its upside on Friday, trading 2.26% higher at around 66.80 during the European session. The white metal strengthens due to correction in oil prices and United States (US) Treasury Yields.

MUFG notes that Oil prices have declined as markets reassess supply risks tied to the US-Iran war and regional chokepoints.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight modest bounce from the $94.65 area, or the weekly low, and remains on the defensive during the Asian session on Friday.

Gold (XAU/USD) struggles to capitalize on a modest Asian session uptick on Friday and remains below the weekly top, touched the previous day amid mixed cues.

TradingKey - As of the Asian trading session on September 18, WTI crude oil prices opened sharply lower. Intraday WTI crude (USOIL) prices fell by nearly 5% at one point to a low of $96.2, dropping ba

Silver surges to five-day highs above $66.00 on Thursday as traders digest the Fed rate hike on Wednesday, while a drop in US Treasury yields is undermining the Greenback, which clings to early gains but has barely changed. The XAG/USD trades at $65.41, gains over 3.90%.

Gold (XAU/USD) rallies on Thursday, up by more than 2% as investors digest the latest rate hike by the Federal Reserve (Fed), while a fall in Oil prices pushed the US Dollar and US yields lower.

Crude Oil trades near $97.50, which is where it opened, after a drop to $94.50 and a full recovery. Saudi Arabia is offering Asian refiners extra cargoes handed over outside the Strait of Hormuz, and the price treated that as more oil.

West Texas Intermediate (WTI) Oil extends its decline on Thursday, sliding nearly 2% as Saudi Arabia’s rerouting efforts and hopes for a faster pipeline recovery weigh on prices, even as broader Middle East supply risks stay elevated.

Gold (XAU/USD) rebounds on Thursday as the US Dollar (USD) eases after climbing to a seven-week high as traders assess the Federal Reserve’s (Fed) latest monetary policy announcement.

Silver (XAG/USD) rebounds on Thursday and trades around $64.15 at the time of writing, up 1.87% on the day. The white metal benefits mainly from the pullback in Oil prices, which helps ease concerns about a renewed acceleration in inflationary pressures.

Gold price (USD) is up 1.15% to near $4,320 during the European trading session on Thursday. The precious metal gains as rally in oil prices cool down after Saudi Arabia mulls alternatives to ship energy products.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $63.96 per troy ounce, up 1.58% from the $62.97 it cost on Wednesday.

Crude prices are trading lower for the second consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) Oil trading just below $97, down from the four-month highs above $102.00 hit earlier this week and drawing closer to the bottom of the weekly trading range around $96.00. 

Silver price (XAG/USD) is up 1.8% to near $64.40 during the European trading session on Thursday. The white metal gains as oil price’s rally hits a pause as Saudi Arabia confirms exploring alternatives for shipping energy.

OCBC strategist Christopher Wong reports that Gold reversed lower after the FOMC as a stronger US Dollar (USD) and rising United States (US) yields weighed on sentiment, with the 2-year near 4.75% and the 10-year around 5%.

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

Gold (XAU/USD) attracts some buyers during the Asian session on Thursday, though it struggles to find acceptance above the $4,300 mark and remains close to a near six-week low, touched the previous day.

TradingKey - As of the Asian session on September 17, gold prices (XAUUSD) rebounded quickly after dropping sharply to $4,235.44 on Wednesday, returning above $4,300 during intraday trading today and

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.