Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $77.80 per troy ounce, up 3.02% from the $75.52 it cost on Friday.
Rabobank’s RaboResearch Global Economics & Markets team notes that Brent Oil has fallen 5% again despite ongoing Middle East tensions, underscoring a pattern of repeated price pullbacks.
West Texas Intermediate (WTI), futures on NYMEX, are down 6% to near $90 in the European trading session on Monday, the lowest level seen in over two weeks.
Gold (XAU/USD) builds on its modest bullish opening gap and climbs to a four-day high, around the $4,580 region, during the Asian session on Monday.
West Texas Intermediate (WTI) oil price continues its losing streak for the fourth successive day, declining by nearly 5.5% and trading around $90.80 per barrel during the Asian hours on Monday. Crude oil prices drop on easing supply fears due to rising optimism over a potential US-Iran agreement.
Gold price (XAU/USD) rises to near $4,570 during the early Asian trading hours on Monday. The precious metal attracts some buyers on weaker US Dollar (USD) after the reports that the United States (US) and Iran are closing in on a deal that would reopen the Strait of Hormuz.
West Texas Intermediate (WTI) – the US oil benchmark – has witnessed a steep bearish opening gap on Monday, now losing nearly 5%, on its way to surrendering the $90 threshold.
Gold price edges lower during the day as the Greenback recovers some ground amid doubts that the US and Iran could reach a deal to end the conflict, and traders are pricing in a Federal Reserve (Fed) rate hike by the end of the year. At the time of writing, XAU/USD trades at $4,518, down 0.50%.
Commerzbank reports Copper has fallen about 5% from mid‑May highs, mainly on higher risk aversion from rising Oil prices. Yet China’s April Copper output dipped 4.5% month-on-month and mining news from Chile and Indonesia point to weaker supply growth.
Gold (XAU/USD) consolidates on Friday, remaining confined within this week’s trading range as investors cautiously monitor ongoing diplomatic efforts between the United States and Iran to reach a deal to end the war in the Middle East.
Commerzbank’s Thu Lan Nguyen notes that Gold briefly slipped below USD 4,500 per ounce as markets priced a prolonged Iran conflict and sharply higher US rate expectations.
Crude Oil prices are hovering near 10-day lows, with upside attempts limited below the $98.00 line on Friday, on track to a nearly 4% weekly decline.
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $75.93 per troy ounce, down 0.96% from the $76.67 it cost on Thursday.
Silver price (XAG/USD) faces selling pressure near $76.00 during the European trading session on Friday. The white metal trades lower due to uncertainty over whether the United States (US) and Iran will reach a deal.
ING analysts Warren Patterson and Ewa Manthey say Oil traders remain focused on US-Iran negotiations, with uncertainty over a potential deal and issues such as uranium enrichment and the Strait of Hormuz toll proposal driving volatility.
OCBC’s Christopher Wong sees Gold showing tentative stabilisation as softer UST yields and lower Oil prices offer support. However, bullion remains trapped between lower-yield support and the risk that any renewed crude spike revives inflation and Fed tightening concerns.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains on the back foot for the third consecutive day and trades around mid-$96.00s during the Asian session on Friday.
Gold (XAU/USD) attracts some sellers following the previous day's two-way price moves, though it manages to hold above the $4,500 psychological mark through the Asian session on Friday.
Silver (XAG/USD) struggle to make it through the 23.6% Fibonacci retracement level of the recent fall from the monthly swing high and attracts some sellers during the Asian session on Friday.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $96.80 per barrel during the Asian hours on Friday. Crude oil prices decline as supply concerns ease amid growing optimism that the United States (US) and Iran could eventually reach an agreement.
Senior Iranian officials said that no deal has been reached with the United States (US), but gaps have been narrowed, Reuters reported on Friday.
Gold price (XAU/USD) trades on a flat note around $4,545 during the early Asian session on Friday. The precious metal steadies as traders await the progress of US-Iran ceasefire talks.
Silver price consolidates around $76.50 per troy ounce amid a narrow trading session driven by Middle East developments, keeping investors uncertain about a US-Iran deal. At the time of writing, the white metal is up over 1%.
Gold (XAU/USD) price recovers during the mid-North American session on Thursday after Al Arabiya reported that a final draft of a US-Iran agreement has been reached by the Pakistani mediator and is scheduled to be announced within a few hours.
Crude spent most of Thursday doing what it has done all spring, rallying on the latest escalation headline, this time the claim that Iran would keep its enriched uranium at home. Then the wires flipped.
Royal Bank of Canada economist Salim Zanzana notes that higher Gold prices and expanded access to foreign markets helped cushion Canada’s exports in the face of U.S. tariff pressures.
Silver (XAG/USD) trades in a narrow range on Thursday as traders continue to monitor developments surrounding the US-Iran conflict. At the time of writing, XAG/USD is trading around $75.20, hovering near two-week lows.
ING’s Warren Patterson and Ewa Manthey note that Oil prices sold off heavily despite evidence of tightening US fundamentals.