West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.15 during the Asian trading hours on Wednesday. The WTI edges higher on the prospect of the US Federal Reserve (Fed) rate reduction and a weaker US Dollar (USD) broadly.
Gold (XAU/USD) holds firm on Tuesday as traders price a greater likelihood of a Federal Reserve (Fed) interest rate cut in December following dovish-leaning remarks from policymakers.
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.