ING analysts Warren Patterson and Ewa Manthey note that Brent has dropped below $80 per barrel as markets price in a potential short-term US-Iran deal that could reopen the Strait of Hormuz.

Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.50 during the early European trading hours on Wednesday. WTI declines on mixed US-Iran messages.

Michael Wan at MUFG notes Brent has dropped below US$80 as hopes rise for a deal to reopen the Strait of Hormuz.

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

Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.

Silver price (XAG/USD) trades 1.8% higher at around $60.95 during the Asian trading session on Wednesday.

West Texas Intermediate (WTI) oil price falls after paring its daily gains, trading around $73.80 per barrel during the Asian hours on Wednesday.

West Texas Intermediate (WTI) oil price appreciates after registering over 5% losses in the previous day, trading around $75.00 per barrel during the Asian hours on Wednesday.

Gold price (XAU/USD) declines to near $4,070 during the early Asian session on Wednesday. The precious metal fluctuates as traders weigh the Federal Reserve’s (Fed) interest-rate path amid uncertainty in the Middle East. 

Oil prices extended their slide on Tuesday after reports that an announcement on the reopening of the Strait of Hormuz could come within hours.

Gold (XAU/USD) advances some 0.75% on Tuesday as Oil prices fall, along with US Treasury yields. Also, an improvement in risk appetite propelled the yellow metal to a two-day peak of $4,106.

West Texas Intermediate (WTI) US Oil is falling sharply on Tuesday, trading around $75.70 per barrel at the time of writing, down 3.91% on the day and at its lowest level in a week.

Silver (XAG/USD) trades with a mildly positive tone near $59.50 per troy ounce on Tuesday, up 2% for the day, but falling from recent highs and leaving the metal locked in a tight range.

Gold (XAU/USD) catches a fresh bid on Tuesday as traders react to encouraging headlines about the possible reopening of the Strait of Hormuz. At the time of writing, XAU/USD trades around $4,087, recovering from an intraday low near $4,042.

Silver (XAG/USD) trades around $59.80 at the time of writing on Tuesday, up 2.81% on the day.

BNY’s Geoff Yu notes Copper is surging as tighter availability meets uncertainty over United States (US) tariffs, with shipments to the United States draining inventories elsewhere and constrained mine output leaving the market exposed to squeezes.

ING’s commodities team points out that European gas prices fell, with TTF down modestly, as the market digests storage and demand trends.

BNY's Geoff Yu reports that Saudi Aramco sees no material operational or financial impact from July attacks, with alternative pipelines, storage and export terminals preserving output.

ING strategist Ewa Manthey highlights that Gold has extended its recovery, posting its first monthly gain since February. The metal is supported by easing Middle East geopolitical tensions and sharply lower Oil prices, which reduce inflation concerns.

Gold (XAU/USD) trades flat on Tuesday, extending its sideways grind as uncertainty surrounding US-Iran peace efforts and the Federal Reserve’s (Fed) monetary policy path keeps traders cautious.

Gold price (XAU/USD) remains in a tight range at around $4,050 during the European trading session on Tuesday. The precious metal struggles to get direction, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for July, which will be released later this week.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.86 per troy ounce, up 1.15% from the $58.19 it cost on Monday.

ING strategists Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent, fell sharply on optimism over a potential US–Iran Middle East deal.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day's modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday.

Gold (XAU/USD) seesaws between tepid gains and minor losses during the Asian session on Tuesday as traders seem hesitant and opt to wait for further developments surrounding the Middle East crisis.

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

Gold (XAU/USD) price retreats on Monday as the US Dollar (USD) recovers some ground, even though hostilities in the Middle East paused at the request of Iran and other Middle Eastern countries, according to US President Donald Trump. The XAU/USD pair trades at $4,037, down 0.12%.

The cryptocurrency market shows broad signs of recovery, with Bitcoin (BTC) edging higher above $63,000 on Monday. This follows a sudden correction to the daily low of $62,300, which aligns with persistent risk-off sentiment.

West Texas Intermediate (WTI) US Oil trades around $78.45 at the time of writing on Monday, down 7.76% on the day, as investors unwind the geopolitical risk premium following announcements of a potential agreement between the United States (US) and Iran.