Silver (XAG/USD) edges higher after showing some resilience below the $75.00 psychological mark and, for now, seems to have snapped a two-day losing streak to a one-month low, touched the previous day.

Gold price (XAU/USD) faces some selling pressure near $4,830 during the early Asian session on Thursday.

MUFG’s Senior Currency Analyst Michael Wan argues that Vietnam faces a stagflationary shock if Strait of Hormuz disruptions persist, with higher Oil and energy costs hitting growth and lifting inflation.

Gold remains pressured on Wednesday after the Federal Reserve delivered a hawkish hold, with most Fed officials expecting just one rate cut in 2026, contrary to market expectations at the beginning of the year, which priced nearly 60 basis points of easing in mid-February.

Gold (XAU/USD) tumbles by more than 2.20% on Wednesday as tensions in the Middle East rise and US inflation edges up, which could deter the Federal Reserve from easing policy. At the time of writing, the XAU/USD trades at $4,878 after hitting a daily high of $5,016.

West Texas Intermediate (WTI) US Oil trades around $97.50 at the time of writing on Wednesday, up 2.37% on the day, supported by persistent geopolitical risks despite some signs of easing supply concerns.

United States EIA Crude Oil Stocks Change above expectations (0.4M) in March 13: Actual (6.156M)

ING commodities strategists Warren Patterson and Ewa Manthey note that Copper prices have come under pressure following a sharp increase in exchange inventories. LME Copper stocks have risen to their highest level since 2019, driven by inflows into Taiwan and Baltimore.

A spokesperson for Qatar's foreign ministry said on Wednesday that Iran's South Pars gas field is an extension of Qatar's North Field, per Reuters.

Gold (XAU/USD) trades with a downside bias on Wednesday as the US Dollar (USD) steadies ahead of the Federal Reserve’s (Fed) interest rate decision due at 18:00 GMT.

Silver price (XAG/USD) trades in a confined range below $80.00 during the European trading session on Wednesday. The white metal consolidates as investors await the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.

TD Securities’ Global Strategy Team highlights that Aluminium has become a key casualty of Gulf conflict-related disruptions, with Bahrain and Qatar smelters curtailing output and force majeure declared at Alba.

Standard Chartered analysts Madhur Jha and Ethan Lester argue that sustained Oil price shocks have historically driven global inflation and often preceded global recessions. They highlight that a Brent move toward USD 135/bbl could shift market focus from inflation to growth risks.

Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data. Silver trades at $79.37 per troy ounce, broadly unchanged 0.06% from the $79.33 it cost on Tuesday.

ING commodities strategists Warren Patterson and Ewa Manthey report that Gold is trading in a narrow range as the US‑Israeli conflict with Iran extends. A firmer Dollar and higher real yields offset safe‑haven demand from Middle East tensions.

Deutsche Bank analysts highlight that Brent Oil remains above $100 but daily trading ranges have narrowed, signalling some easing in volatility.

OCBC strategists Sim Moh Siong and Christopher Wong revise their Brent Oil profile higher as the US–Iran conflict keeps the Strait of Hormuz effectively shut and Oil flows near a standstill.

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

Iraq’s oil minister said on Tuesday that the Iraqi government and the Kurdistan Regional Government (KRG) reached an agreement to resume oil exports to Turkey’s Ceyhan energy hub starting on Wednesday, Reuters reported.  

West Texas Intermediate (WTI) Crude Oil prices struggle to capitalize on the previous day's modest gains and meet with a fresh supply during the Asian session on Wednesday.

Gold (XAU/USD) is seen extending its sideways consolidative price move around the $5,000 psychological mark for the third straight day on Wednesday as traders opt to wait for the crucial FOMC decision.

Silver (XAG/USD) lacks a firm intraday direction and oscillates in a narrow range during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial FOMC rate decision.

The United States military said that it targeted sites along Iran’s coastline near the Strait of Hormuz, one of the world’s most critical energy chokepoints, because Iranian anti-ship missiles posed a risk to international shipping there, Reuters reported on Wednesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.00 during the early Asian trading hours on Wednesday. The WTI price climbs amid intensifying Middle East conflict and severe supply disruptions.

The Israeli military said Iran's top security official, Ali Larijani, and the head of the paramilitary Basij force, Gholamreza Soleimani, have been killed in Israeli air strikes, BBC reported on Tuesday.

Gold price (XAU/USD) trades on a flat note near the $5,000 psychological level during the early Asian session on Wednesday. Traders are cautious ahead of the US Federal Reserve (Fed) interest rate decision. 

United States API Weekly Crude Oil Stock registered at 6.6M above expectations (-0.6M) in March 13

Gold price consolidates on Tuesday during the North American session around the $5,000 level, down 0.11% amid broad US Dollar weakness and falling US Treasury yields.

West Texas Intermediate (WTI) Crude Oil trims part of earlier gains and edges lower on Tuesday as traders struggle to extend the rally at elevated levels while continuing to assess geopolitical developments surrounding the US-Iran war and ongoing supply disruptions through the Strait of Hormuz.

Silver prices retreated nearly 2% on Tuesday, even as the Greenback remained softer and US Treasury yields fell. Higher Crude Oil prices pressure the white metal. which is down 1.81% in the week, while risk appetite improves.