ING’s Commodities Strategist Ewa Manthey notes that Gold has sold off sharply after record highs, pressured by higher Treasury yields, a stronger Dollar and weaker ETF demand.

Gold (XAU/USD) falls on Wednesday, revisiting the seven-month low touched earlier this month as hawkish Federal Reserve (Fed) expectations and the resulting strength in the US Dollar (USD) keep the precious metal under pressure.

Gold (XAU/USD) extends losses for the second consecutive day on Wednesday as the US Dollar Index (DXY) surges to 13-month highs near 102.00. The precious metal has breached the 4,100 line and is heading to retest Year-to-date lows, at $4,023, and probably also the $4,000 psychological level.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $61.15 per troy ounce, down 0.72% from the $61.60 it cost on Tuesday.

ING analysts Warren Patterson and Ewa Manthey note that Oil prices are grinding lower as flows from the Persian Gulf gradually recover, with ICE Brent down over 1%. They argue the sell-off looks overdone given a still-tightening market and limited recovery in Strait of Hormuz volumes.

Crude Oil prices keep trending lower, with the US benchmark West Texas Intermediate (WTI) barrel extending its decline below the $72.00 line on Wednesday, and reaching its lowest level since the UA and Israel attacked Iran in late February.

Every time the Federal Reserve holds a meeting, global markets seem to hit pause — waiting for a single sentence: hike, cut, or hold.For many years, this was how people understood macro. If you could

ING analysts Warren Patterson and Ewa Manthey note that Gold has fallen toward $4,000 per ounce alongside a broader market sell-off, pressured by a stronger US Dollar and expectations of higher-for-longer Federal Reserve policy. Silver slumped 5%.

Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani said that the country would resume normal liquefied natural gas production “within a few weeks”, the Financial Times reported on Wednesday.

Silver price (XAG/USD) posts a fresh over six-month low at $60.74 during the Asian trading session on Wednesday. The white metal faces selling pressure as traders seem confident that the Federal Reserve (Fed) will deliver at least two interest rate cuts this year.

West Texas Intermediate (WTI) oil price continues its losing streak for the third successive day, trading around $72.50 per barrel during the Asian hours on Wednesday. WTI oil price recovers after hitting a three-month low of $71.94, but stays in negative territory.

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

Iran’s President Masoud Pezeshkian said that Tehran’s ballistic missile program will not be included in negotiations with the United States (US), BBC reported on Tuesday.

Gold price (XAU/USD) loses momentum to around $4,100 during the early Asian session on Wednesday. The precious metal extends the decline as traders cement views on the US Federal Reserve (Fed) hiking interest rates this year.

United States API Weekly Crude Oil Stock climbed from previous -8.33M to -0.765M in June 19

Gold price (XAU/USD) erases Monday’s gains, diving over 1.30% on Tuesday, pressured by broad US Dollar strength, driven by a hawkish Federal Reserve, as well as a risk-off mood that is driving flows toward the Greenback's safe-haven appeal.

West Texas Intermediate (WTI) US Oil declines by more than 1% on Tuesday and trades around $73.00 at the time of writing, pressured as traders continue to assess diplomatic developments between the United States (US) and Iran.

Rabobank’s energy strategists Joe DeLaura and Florence Schmit cut TTF Natural Gas forecasts on easing supply risks from the Strait of Hormuz reopening.

Commerzbank’s Carsten Fritsch notes that Brent has dropped back below USD 80, briefly touching USD 76.5, after the US allowed Iran to export oil and oil products until at least August 21.

TD Securities’ commodity team notes that Copper is seeing large CTA (Commodity Trading Advisors) selling as markets look past Strait of Hormuz supply risks and focus more on macro and demand-side weakness.

ING analysts Warren Patterson and Ewa Manthey say Oil prices fell sharply after the US granted a 60-day waiver allowing Iranian exports, adding to pressure from rising flows through the Strait of Hormuz.

Silver (XAG/USD) slides more than 4% on Tuesday as the US Dollar (USD) climbs to near one-year highs after the Federal Reserve's (Fed) hawkish tilt at last week's monetary policy meeting reinforced expectations that interest rates will remain higher for longer.

Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling.

Gold (XAU/USD) trades on the back foot on Monday, pressured by a stronger US Dollar (USD) and rising expectations that the Federal Reserve (Fed) could raise interest rates later this year.

Rabobank’s energy strategists Joe DeLaura and Florence Schmit cuts Brent and WTI (West Texas Intermediate) forecasts after the Versailles MoU (Memorandum of Understanding) and gradual reopening of the Strait of Hormuz.

Commerzbank’s Carsten Fritsch uses Alan Greenspan’s death to revisit his long-standing support for Gold as a premier currency.

Gold (XAU/USD) reversed Monday’s gains and resumed the broader bearish trend on Tuesday, testing support at the $4,100 level after failing to extend gains beyond $4,220 on Monday.

TradingKey - During the Asian session on June 23, precious metals markets suffered a broad sell-off, with spot gold ( XAUUSD) dropping over 2% at one point to around $4,090/oz; spot silver (XAGUSD) fe

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $62.18 per troy ounce, down 4.47% from the $65.09 it cost on Monday.

Gold has fallen for a third consecutive week, dropping to its lowest level since mid-June as a stronger US Dollar and hawkish Federal Reserve expectations erode the metal's appeal.