Gold price (XAU/USD) recovers to near $4,400, snapping the three-day losing streak during the early Asian session on Thursday. The precious metal gains ground amid a weaker US Dollar (USD).
West Texas Intermediate (WTI) settled just above $94.00, up better than 2% and at its best level since May 22.
Silver price makes a U-turn on Wednesday and rises over 3.40%, as the Greenback weakens, putting the confirmation of a ‘head-and-shoulders’ chart pattern on hold, which has formed since mid-August. The XAG/USD trades at $68.00 after rebounding off $65.31.
Bitcoin (BTC) holds above $79,000, maintaining resilience on Wednesday as the broader cryptocurrency market consolidates gains. Gold (XAU) is steady above $4,400, underpinned by a measured shift toward risk-on sentiment among investors.
Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instruments.
TD Securities’ commodity strategists Ryan McKay and Bart Melek note that WTI Crude continues to grind higher as conflict with Iran shows no sign of resolution.
West Texas Intermediate (WTI) US Oil extends its advance on Wednesday and trades around $93.85 at the time of writing, up 1.77% on the day.
TD Securities’ Ryan McKay and Bart Melek say Gold and broader precious metals have held firm despite higher near-term Fed hike probabilities.
Silver (XAG/USD) rebounds on Wednesday and trades around $67.50 at the time of writing, up 2.64% on the day.
Gold (XAU/USD) rebounds on Wednesday, snapping a three-day losing streak, but struggles to extend its recovery.
Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.58 per troy ounce, up 1.23% from the $65.76 it cost on Tuesday.
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders position for potential US tariffs on refined Copper imports.
Crude prices maintain their bullish tone on Wednesday, as the situation in the Middle East risks escalating into an all-out regional war.
Silver (XAG/USD) builds on its intraday ascent and climbs back closer to the weekly high, around the $67.00 neighborhood during the early European session on Wednesday.
ING analysts Warren Patterson and Ewa Manthey say Oil prices are grinding higher, with ICE Brent close to $100/bbl as Middle East tensions escalate and OPEC output falls.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a fresh three-month top, around the $92.50 area during the Asian session on Wednesday, though it lacks follow-through. Nevertheless, the commodity seems poised to climb further amid escalating US-Iran tensions.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold (XAU/USD) rebounds from a one-week low, around the $4,340 area touched during the Asian session on Wednesday and, for now, seems to have snapped a three-day losing streak.
Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.
TradingKey - As of the Asian session on September 9, gold prices (XAUUSD) maintained a modest intraday rebound, rising about 0.36% on the day to trade near $4,370, pulling back significantly from last
TradingKey - As of early Asian trading on September 9, international oil prices continued to move higher, with Brent crude (UKOIL) rising to an intraday high of $99.67, just shy of the $100 mark; WTI
US official said that US forces have struck multiple Iranian tankers tied to Iran’s Islamic Revolutionary Guard Corps (IRGC) in response to attempted missile attacks on a US warship, Bloomberg reported on Tuesday.
Silver price struggles to clear a key technical resistance near $67.00, retraces to two-day lows at $65.31, and records a 1.42% loss. The non-yielding metal failed to sustain its early gains amid elevated US bond yields, driven by rising inflationary pressures.
Gold (XAU/USD) registers losses of over 0.44% on Tuesday amid a light economic docket in the US, due to a narrative dominated by the US-Iran conflict, higher Oil prices and traders bracing for the release of US inflation reports, with the PPI expected on Thursday, followed by the next day’s CPI.
Silver (XAG/USD) pulls back on Tuesday after failing to hold its earlier advance. At the time of writing, the metal trades around $66 after reaching an intraday high near $67.19.
Commerzbank’s Norman Liebke highlights that LME 3‑month Copper has set a new all‑time high above USD 14,530 per ton, supported by strong US demand and anticipated import tariffs.
Commerzbank’s Thu Lan Nguyen notes Gold has stabilised around USD 4,400 per ounce, with markets now focused on upcoming US inflation data as the key driver for the Federal Reserve’s September decision.
BNY’s Geoff Yu highlights that energy risk dominates markets as Brent crude is expected to trade sustainably above $100, with Saudi facility disruptions and constrained Hormuz shipments tightening supply.
Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.