News

United States Baker Hughes US Oil Rig Count came in at 419, above forecasts (418)

Source  Fxstreet1763748071
Gold rallies past $4,100 as dovish Fed sparks December cut frenzy

Gold (XAU/USD) remains steady during the North American session on Friday as a Federal Reserve (Fed) officials opened the door for a cut at the December meeting. At the time of writing, XAU/USD trades at $4,096, up by 0.53%, after hitting a daily high of $4,101.

Source  Fxstreet1763746349
WTI Oil falls to one-month lows amid Ukraine peace talks, supply concerns

West Texas Intermediate (WTI) US Oil trades around $57.60 on Friday at the time of writing, down 1.90% on the day.

Source  Fxstreet1763743511
Silver Price Forecast: Double-top signals fatigue, but the broader uptrend is not broken

Silver (XAG/USD) trims a part of its earlier losses on Friday after marking a fresh weekly low at $48.64. At the time of writing, the metal is trading around $49.69, recovering modestly but still down nearly 1.50% on the day, and remains on track for a weekly decline.

Source  Fxstreet1763738621
Broad-based decline in Swiss Gold exports in October – Commerzbank

Swiss Gold exports fell sharply in October, particularly to China and India, reflecting signs of slowing demand after Gold prices hit record highs, Commerzbank's commodity analyst Carsten Fritsch notes.

Source  Fxstreet1763726649
Gold retreats toward weekly lows as Fed cut odds shrink

Gold (XAU/USD) trades on the back foot on Friday, weighed down by fading hopes of a December interest rate cut from the Federal Reserve (Fed).

Source  Fxstreet1763725806
Gold Price Forecast: XAU/USD‘s focus shifts to $4,040 and $4,000 supports

Gold (XAU/USD) has retraced gains from the previous three days, with precious metals on retreat as investors pare back hopes of a Federal Reserve rate cut in December.

Source  Fxstreet1763725061
The U.S. Dollar Index Is the Key Driver of Gold Prices: Where Are the Dollar and Gold Headed Next?

1. IntroductionFrom the start of this year to mid-October, the gold market witnessed a substantial rally, with prices surging from $2,057 per ounce to $4,357 per ounce, representing a remarkable incre

Source  Tradingkey1763718408
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1763713992
WTI Crude dives below $58.00 amid hopes of a peace deal in Ukraine

Oil prices depreciated for the third consecutive day on Friday, with the US benchmark West Texas Intermediate breaking below the $58.00 line for the first time since late October, as the US administration works to reach a peace deal between Russia and Ukraine.

Source  Fxstreet1763713828
September Jobs Report Clouds Fed’s Rate Cut Path  Gold's Lack of Upward Momentum May Trigger Sell-Off

TradingKey - The U.S. government released the delayed September nonfarm payrolls report last week, showing a stronger-than-expected 119,000 jobs added—far exceeding the forecast of 50,000. However, th

Source  Tradingkey1763710333
Crude oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $58.18 per barrel, down from Thursday’s close at $58.66.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.16 after its previous daily close at $62.60.

Source  Fxstreet1763708951
Silver Price Forecast: XAG/USD revisits weekly low near $49.50 as Fed rate hold bets remain firm

Silver price (XAG/USD) revisits the weekly low around $49.50 during the European trading session on Friday. The white metal faces selling pressure as traders remain confident that the Federal Reserve (Fed) will not cut interest rates in the December policy meeting.

Source  Fxstreet1763707070
WTI falls to $58.00 as Ukraine–Russia tensions ease, sanctions eyed

West Texas Intermediate (WTI) Oil price extends its losses for the third consecutive session, trading around $ 58.00 per barrel during the Asian hours on Friday.

Source  Fxstreet1763700466
Gold remains depressed as reduced Fed rate cut bets offset weaker risk tone

Gold (XAU/USD) attracts fresh sellers during the Asian session on Friday, though it remains confined in the weekly range amid mixed fundamental cues.

Source  Fxstreet1763698684
Gold Price Forecast: XAU/USD holds steady below $4,100 as Fed rate cut bets fade

Gold price (XAU/USD) holds steady near $4,080 during the early Asian session on Friday. The upside for the precious metal might be limited as strong US jobs data dims Federal Reserve (Fed) rate cut expectations.

Source  Fxstreet1763685553
Gold tanks to $4,061 as blowout NFP and hawkish Fed spark mass exit from havens

Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.

Source  Fxstreet1763661742
WTI Price Forecast: Momentum stabilizes but upside remains limited

West Texas Intermediate (WTI) Crude steadies on Thursday after falling more than 2% on the previous day, as market sentiment turns cautious ahead of the US sanction deadline on two major Russian oil firms. At the time of writing, WTI is trading around $59.70, up nearly 0.70% on the day.

Source  Fxstreet1763651242
Hedge funds and retail now drive Gold rally – TDS

Gold’s recent strength has been powered largely by hedge funds and retail investors, whose inflows have far exceeded official-sector demand.

Source  Fxstreet1763649808
Silver trades lower as US Dollar strength, rate cut uncertainty limit gains

Silver (XAG/USD) trades around $50.80 on Thursday at the time of writing, down 0.70% on the day. The white metal is paring part of the earlier weekly advance, after prices briefly tested the $52.00 area before being rejected as the US Dollar (USD) regained strength.

Source  Fxstreet1763641936
Gold rangebound as investors eye delayed US jobs data

Gold (XAU/USD) trades slightly weaker on Thursday, holding within a choppy intraday range as investors stay on the sidelines ahead of the delayed September Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, XAU/USD is trading near $4,057, down roughly 0.45%.

Source  Fxstreet1763639579
Gold Price Forecast: XAU/USD slumps to near $4,050 as traders pare dovish Fed bets

Gold price (XAU/USD) trades 0.5% lower to near $4,052.00 during the European trading session on Thursday. The yellow metal faces selling pressure as traders have trimmed bets supporting an interest rate cut by the Federal Reserve (Fed) in the December policy meeting.

Source  Fxstreet1763637885
WTI Crude languishes below $60.00 as oversupply concerns remain alive

Oil prices have ticked up from Wednesday’s lows at $58.65, reaching session highs above $59.60 at the time of writing.

Source  Fxstreet1763630419
Chile lifts Copper price forecasts – ING

Chile, the biggest Copper producer, raised its price forecasts for this year and next, ING's commodity experts Ewa Manthey and Warren Patterson note.

Source  Fxstreet1763628866
European Gas retreats – ING

European natural Gas prices fell nearly 2.4% on Wednesday, pressured by reports of U.S.–Russia peace discussions despite colder weather accelerating storage withdrawals, ING's commodity experts Ewa Manthey and Warren Patterson note.

Source  Fxstreet1763628366
Oil: Russia-Ukraine peace talk noise – ING

Oil prices came under pressure yesterday, with ICE Brent settling about 2.1% lower, ING's commodity experts Ewa Manthey and Warren Patterson note.

Source  Fxstreet1763628034
India Gold price today: Gold falls, according to FXStreet data

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

Source  Fxstreet1763626732
Crude Oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.34 per barrel, up from Wednesday’s close at $59.28.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $63.21.

Source  Fxstreet1763622235
Gold drifts lower amid sustained USD buying as traders await delayed US NFP report

Gold (XAU/USD) attracts fresh sellers following an Asian session uptick to the $4,110 region on Thursday and retreats further from the weekly high, touched the previous day.

Source  Fxstreet1763611202
Silver Price Forecast: XAG/USD could find support near 200-period SMA on H4, around $50.00

Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $51.85 region and moves further away from the weekly high, touched the previous day.

Source  Fxstreet1763605989
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