West Texas Intermediate (WTI) Crude Oil is trading with a slightly firmer tone on Tuesday, trading near $62.40 per barrel, as traders reacted to signs of progress in peace talks between Russia and Ukraine.
Gold (XAU/USD) is attempting a cautious rebound on Wednesday, trading around $3,330 during the European session after briefly falling to a three-week low of $3,311 in early Asian trade.
Silver price (XAG/USD) trades 0.6% lower to near $37.00 during the European trading session on Wednesday.
Gold (XAU/USD) is trimming some losses on Wednesday, drawing support from the sour market sentiment. The precious metal has bounced from two-week lows right above $3,300, but remains capped below previous support at the $3,330 area, which leaves the broader bearish trend intact.
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $62.14 per barrel, up from Tuesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.60 price posted on Tuesday, and trading at $65.80.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold price tumbles on Tuesday as the Greenback extends its minimal gains for the second straight day, while geopolitical developments suggest that a positive outcome of the US President Trump meeting with Putin, Zelenskiy and European leaders could put an end to the ongoing war.
WTI Crude Oil remains under pressure on Tuesday, trading around $62.00 per barrel, as markets digested signs of de-escalation in the Russia-Ukraine conflict and positioned cautiously ahead of key macroeconomic events.
Gold (XAU/USD) is trading with a steady bias on Tuesday, recovering modestly from an overnight dip as investors digest Monday's White House summit between US President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and key European leaders.
Gold (XAU/USD) is trading with a moderate positive bias on Tuesday, trading at $3,340 area after bouncing from $3,325 lows earlier on the day.
As the figures for the 10 non-ferrous metals already indicated, refined Copper production in China continued to rise in July, Commerzbank's FX analyst Volkmar Baur notes.
The price of Gold reacted inconclusively yesterday to Friday's summit meeting between the US and Russian presidents in Alaska. The results of the talks that were made public remained too vague to indicate any progress in efforts to end the war in Ukraine.
Yesterday, the Chinese customs authority published detailed data on Oil product exports in July, Commerzbank's commodity analyst Carsten Fritsch notes.
China processed a good 63 million tons of crude Oil in July, which corresponds to a daily volume of 14.85 million barrels, Commerzbank's commodity analyst Carsten Fritsch notes.
The White House's trade adviser, Navarro, harshly criticized India for its purchases of Russian Oil in an opinion piece in the Financial Times, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data.
West Texas Intermediate (WTI) Oil price declines more than 0.5%, trading around $62.10 per barrel during the European hours on Tuesday.
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $62.21 per barrel, down from Monday’s close at $62.56.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.74 after its previous daily close at $66.10.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold price traded sideways on Monday as traders await the meeting between Trump, Zelenskiy, and European leaders in Washington following last week's summit between US President Donald Trump and Russian President Vladimir Putin.
Silver (XAG/USD) is treading water around $38.00 on Monday, as traders stay on the sidelines ahead of a key meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy.
Gold (XAU/USD) kicks off the week on a volatile note, staging a sharp intraday recovery after briefly dipping to an 11-day low near $3,323 during early Monday trade.
Gold price (XAU/USD) moves higher to near $3,360 during the European trading session on Monday.
European natural gas prices fell to fresh lows last week, with the TTF benchmark sliding more than 3% ahead of the Trump-Putin summit.
It’s unsurprising to see Oil trading lower this morning following the Trump-Putin summit in Alaska. While talks failed to secure a ceasefire, the tone and the absence of “severe consequences” for the lack of a truce, reduce, or at least delay, the risks of stricter sanctions.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $62.06 per barrel, down from Friday’s close at $62.31.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.74.
Gold prices rose in India on Monday, according to data compiled by FXStreet.