United States Baker Hughes US Oil Rig Count declined to 409 from previous 412

Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ticked lower, yet investors are still betting the Federal Reserve (Fed) to cut rates this year.

China’s net Gold imports from Hong Kong rose to 16.2 tons in November, doubling October’s weak level, but overall imports remained low compared to previous months, reflecting muted demand, Commerzbank's commodity analyst Carsten Fritsch notes.

West Texas Intermediate (WTI) trades with a negative bias on Friday after posting solid gains the previous day, as traders continue to assess the implications of increased US oversight of Venezuelan Oil following recent military action in Caracas.

US sanctions and blockades contributed to a decline in Venezuelan Oil production to 830,000 barrels per day in December, about 130,000 barrels lower than November, while overall OPEC production remained stable at around 29 million barrels per day, Commerzbank's commodity analyst Barbara Lambrecht no

Oil prices came under pressure in the middle of the week. This was triggered by a statement by US President Trump on his social media platform that the US would buy 30-50 million barrels of sanctioned Oil from Venezuela.

Silver (XAG/USD) trades modestly higher on Friday, with the white metal hovering around $77.70 at the time of writing, up  1.10% on the day. Silver consolidates its recent gains as investors remain cautious ahead of the release of the US Nonfarm Payrolls (NFP) report later in the day.

Gold (XAU/USD) trades little changed on Friday as markets turn cautious ahead of the US Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, XAU/USD trades around $4,470, consolidating after bouncing from the $4,400 region on Thursday.

Gold (XAU/USD) sellers were halted at the $4,400 support area on Thursday, and bounced up to the highest range of the $4,400s, aiming for the $4,500 area with precious metals buoyed amid a moderate risk aversion on Friday.

Precious metals including Gold and Silver saw a pullback overnight amid annual rebalancing of major commodity indices including the Bloomberg Commodity Index which began on 8 January over the next 5 business days.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $77.91 per troy ounce, up 1.29% from the $76.92 it cost on Thursday.

West Texas Intermediate (WTI) Oil price loses ground after registering over 4% gains in the previous session, trading around $58.10 per barrel during the Asian hours on Friday. Oil prices depreciate amid rising global inventories and oversupply.

Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from the vicinity of the $4,400 mark and attracts fresh sellers during the Asian session on Friday.

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

West Texas Intermediate (WTI) US Crude Oil prices attract fresh sellers during the Asian session on Friday and erode a part of the previous day's strong move up from the vicinity of the lowest level since December 19, touched earlier this week.

Gold price hovers around its opening price on Thursday after hitting a daily low of $4,407 as US Treasury yields rise and the Greenback follows suit. Economic data in the US has improved the outlook of the labor market ahead of the release of the crucial December Nonfarm Payrolls report.

Silver (XAG/USD) trades around $75 on Thursday at the time of writing, down 4.20% on the day, in an otherwise calm market environment.

West Texas Intermediate (WTI) US Oil trades around $56.70 on Thursday at the time of writing, up 0.90% on the day. WTI prices rebound, supported by the release of inventory data showing a sharp decline in US Crude Oil stockpiles.

Gold (XAU/USD) deprecates for the second consecutive day on Thursday, after being rejected at $4,500. Bears are looking at a previous resistance area, at $4,400, amid generalised weakness for precious metals.

Gold (XAU/USD) remains under pressure on Thursday, with prices extending their pullback for a second consecutive day as bullish momentum fades following a rejection near the $4,500 psychological barrier. At the time of writing, XAU/USD trades near $4,425, down nearly 0.60%.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $75.92 per troy ounce, down 3.05% from the $78.30 it cost on Wednesday.

European Gas prices moved higher as colder weather and forecasts for continued low temperatures boosted demand and accelerated storage withdrawals.

Developments around Venezuela continue to grab headlines, putting further pressure on Oil prices.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.05 during the early European trading hours on Thursday. The WTI price declines on US President Donald Trump statements on Venezuelan oil.

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

Silver (XAG/USD) seesaws between tepid gains/minor losses through the Asian session on Thursday and now trades around the $78.00 mark, down 0.40% for the day. The white metal, however, holds above the previous day's swing low and a month-to-date ascending trend-line support, near the $77.00 mark.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the Asian trading hours on Thursday. The WTI price recovers some lost ground as the crude oil inventories report shows a sharper decline than anticipated.

West Texas Intermediate (WTI) extends its decline for a second straight day on Wednesday, as oversupply concerns deepen after the United States (US) said it will sell Venezuelan oil on the global market.

Gold price tumbles nearly 1% on Wednesday after US economic data showed that business activity improved, while the labor market shows signs of being more solid than expected. At the time of writing, XAU/USD trades at $4,465 after reaching a high of $4,500,

United States EIA Crude Oil Stocks Change below expectations (1.1M) in January 2: Actual (-3.832M)