Danske Bank analysts stress that tensions in the Middle East and disruptions around the Strait of Hormuz are keeping Oil markets on edge. Brent has risen to 111 USD/bbl as traders assess risks to global energy supply.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold (XAU/USD) remains on the back foot during the Asian session on Tuesday, though it lacks follow-through selling and trades in the previous day's broader range.
Silver (XAG/USD) extends its sideways consolidative price move for the second straight day and holds steady around the $73.00 mark during the Asian session on Tuesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.60 during the early Asian trading hours on Tuesday.
US President Donald Trump said that the latest proposal for a US ceasefire with Iran is “not good enough,” ahead of his deadline for Iran to either reopen the Strait of Hormuz or face major attacks on its civilian infrastructure, CNBC reported on Monday.
WTI Crude Oil saw sharply diverging price action across the spot and futures markets on Monday. May futures spiked to about $115 in early dealing, before pulling back near $112, roughly flat against Thursday's settlement.
Gold (XAU/USD) price recoiled during the North American session on Monday after hitting a daily high of $4,706, but news that an agreement between the US and Iran seems unlikely, along with military preparations for potential strikes, drove the yellow metal lower.
Spot Gold consolidates at around $4,660 on Monday, little changed on a daily basis, yet lower compared to Friday’s close. Financial markets are all about sentiment at the beginning of the week, with the mood swinging at the rhythm of Iran war headlines.
Gold (XAU/USD) edges higher on Monday as the US Dollar (USD) softens amid improving market sentiment, with traders reacting to fresh diplomatic developments aimed at ending the US-Iran war. At the time of writing, XAU/USD is trading around $4,691, rebounding from an intraday low near $4,600.
US benchmark West Texas Intermediate Oil (WTI) depreciated about $5 from session highs on Monday, hitting lows near $101.00 per barrel, from $106.44 highs, weighed by news that the US and Iran might be bringing positions closer to a peace deal through international intermediaries.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $73.53 per troy ounce, up 0.67% from the $73.05 it cost on Friday.
BNY’s Bob Savage highlights a severe Oil supply shock, with front‑month Brent spiking above $140 and forward prices far lower, tightening global financial conditions.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $103.30 during the early European trading hours on Monday. The WTI price retreats after reports that the United States (US) and Iran are making a push for a 45-day ceasefire.
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that Brent crude Oil remains supported as Middle East conflict disrupts regional energy infrastructure and constrains OPEC+ supply.
Iran’s parliamentary speaker Mohammad Baqer Qalibaf condemned US President Donald Trump’s threats to target energy and transport infrastructure, saying he was being misled by Israel’s Prime Minister Benjamin Netanyahu, Reuters reported on Monday.
Silver price (XAG/USD) trades 0.7% lower to near $72.50 in the late Asian trade on Monday, but is broadly consolidating in a limited range. The white metal turns sideways as investors await Iran’s response to United States (US) President Donald Trump’s ultimatum.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Gold (XAU/USD) struggles to capitalize on Friday's goodish recovery from the vicinity of the $4,550 level and kicks off the new week on a weaker note.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on modest Asian session gains to the $106.45 region, or a nearly four-week high, and retreats to the lower end of its daily range in the last hour.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to raise their oil output quotas by 206,000 barrels per day (bps) for May, Reuters reported.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $105.00 during the Asian trading hours on Monday. The WTI price climbs to its highest levels in nearly four years amid escalating conflict in the Middle East.
Spot Gold gapped marginally lower at the weekly opening, with the XAU/USD pair battling to retain the $4,600 mark early in the Asian session.
Gold’s (XAU/USD) reversal from weekly highs at the $4,800 area remains contained above previous highs, in the area of $4,600, with the precious metal changing hands at $4,665 at the time of writing.
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data. Silver trades at $73.05 per troy ounce, broadly unchanged 0.00% from the $73.05 it cost on Thursday.
West Texas Intermediate (WTI) oil price steadies around $103.80 per barrel during the early European hours on Friday. WTI price gained over 10% as supply concerns intensified following renewed Iran threats from US President Donald Trump.
Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) oil price rises over 10% after two days of losses, trading around $103.80 per barrel during the Asian hours on Friday. Crude oil prices surged as markets reassessed the scale of supply risks stemming from the ongoing conflict in the Persian Gulf.
US President Donald Trump touted the destruction of a bridge in Tehran, Iran. He warned that there was “much more to follow” and urged Tehran to “make a deal before it is too late."