Silver ended its two-day losing streak yet finished the week with losses of more than 4%, as investors booked profits in the precious metal space.

Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report.

United States Baker Hughes US Oil Rig Count increased to 482 from previous 477

Gold has fallen in recent days, but after a price increase of almost $200 between the end of June and mid-July, Commerzbank’s Commodity Analyst Barbara Lambrecht notes.

Oil prices remained at just over $80, a barrel of Brent crude was temporarily as cheap as it was last at the beginning of June, Commerzbank’s Commodity Analyst Barbara Lambrecht notes.

The price of a barrel of Brent crude temporarily traded at just over $80, close to the perceived ‘pain threshold’ of the OPEC+ production cartel: At this price level, the cartel had decided in the past to cut production in order to stabilise the market, Commerzbank’s commodity analyst Barbara Lambrecht notes.

Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data.

Gold trades in the $2,360s per ounce on Friday after recovering from the 50-day Simple Moving Average (SMA), as technical traders scalp the bounce after the steep drop of the previous day.

West Texas Intermediate (WTI) Oil price holds mild losses, possibly driven by better-than-expected US economic data.

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

Prices are more likely to overshoot to the downside, notwithstanding the likely overly pessimistic sentiment surrounding demand, TDS senior commodity strategist Daniel Ghali notes.

Acute pressures on the precious metals complex may finally push prices beyond the range where algo traders are likely to be whipsawed, TDS senior commodity strategist Daniel Ghali notes.

Does the sell-off in Gold still have room to run? Experts at TDS warned that the window for downside in prices was open, given for the first time in months, asymmetries in positioning risks skewed to the downside, TDS senior commodity strategist Daniel Ghali notes.

Silver (XAG/USD) has broken below key lows in the $28.60s, reversed trend and extended its decline.

Gold (XAU/USD) weakens on Thursday, trading over a percentage point lower in the $2,370s amid widespread declines in stocks and commodities driven by global growth concerns.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

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

Silver (XAG/USD) remains under heavy selling pressure for the second straight day on Thursday and dives to its lowest level since May 9, around the $27.80 region during the Asian session.

West Texas Intermediate (WTI) Oil price continues to decline for the sixth successive session, trading around $76.70 per barrel during the Asian hours on Thursday.

Gold price (XAU/USD) extends the previous day's sharp retracement slide from the weekly peak and remains under heavy selling pressure for the second straight day on Thursday.

Silver price failed to extend its gains on Wednesday and lost over 1% as US Treasury yields rose following a US 5-year Note auction.

A deterioration in downtrend signals on the horizon is expected.

United States EIA Crude Oil Stocks Change below forecasts (0.7M) in July 19: Actual (-3.741M)

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

Silver price (XAG/USD) stays above $29.00 per troy ounce during the European session on Wednesday.

Gold (XAU/USD) recovers for a second day in a row, trading back up in the $2,410s as “stagflation” fears mount.

West Texas Intermediate (WTI) Oil price grapples to halt its four-day losing streak, trading around $77.40 per barrel during the European hours on Wednesday.

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

West Texas Intermediate (WTI) Oil price continues to decline for the fifth successive session, trading around $77.00 per barrel during the Asian hours on Wednesday.