West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to attract any meaningful buyers and languishes near its lowest level since April 17, touched during the Asian session earlier this Friday.

Gold (XAU/USD) attracts some sellers following a modest Asian session uptick to the $4,246-$4,247 region on Thursday, stalling the previous day's solid recovery move from its lowest level since November 2025.

US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz after Iran attempted to target commercial vessels transiting the waterway, Fox News reported on Friday.

West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.

Gold price (XAU/USD) trades in positive territory near $4,240 during the early European session on Friday. The precious metal rebounds from a six-month low after US President Donald Trump said he canceled planned military strikes against Iran, fueling hopes that a US-Iran truce deal is close. 

West Texas Intermediate (WTI) trades around $85 early in the Asian session on Friday, its lowest since mid-April. The black gold fell alongside the US Dollar (USD) following a proclamation from United States (US) President Donald Trump announcing a settlement of war with Iran.

Silver price advances over 4% after bouncing off daily lows of $61.51 after US President Donald Trump cancelled scheduled attacks against Iran this evening, saying that final points have been approved. At the time of writing, the XAG/USD trades at $65.91.

Gold (XAU/USD) price trims some of its earlier losses, turning positive on Thursday, up by 0.58% as the resolution of the Middle East conflict seems far off amid US-Iran exchanges of fire, which could delay negotiations. The XAU/USD trades at $4,091 after reaching a six-month low of $4,023.

West Texas Intermediate (WTI) trades around $89.50 on Thursday at the time of writing, down 0.86% on the day, as investors trim positions following the recent rally driven by Middle East tensions.

BNY’s Bob Savage highlights that Oil initially spiked on renewed U.S.–Iran tensions before easing, but analysts remain concerned about supply risks and the durability of any peace deal.

Silver (XAG/USD) extends its bearish move on Thursday and trades around $63.00, down 0.58% on the day at the time of writing.

Gold (XAU/USD) slides to a six-month low on Thursday, wiping out all the gains recorded this year as a combination of hawkish central bank expectations and technical selling keeps buyers on the sidelines.

West Texas Intermediate (WTI), futures on NYMEX, trade almost 3% lower to near $87.60 during the European trading session on Thursday.

Gold (XAU/USD) trades with minor gains on Thursday but remains struggling below $4,100, amid geopolitical uncertainty and rising bets on Federal Reserve (Fed) rate hikes.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $64.05 per troy ounce, up 1.05% from the $63.39 it cost on Wednesday.

West Texas Intermediate (WTI) oil price pares its recent gains from the previous day, trading around $87.60 per barrel during the European hours on Thursday.

Danske Research Team notes that Iran’s Revolutionary Guard has declared the Strait of Hormuz closed and reported attacks on vessels, while the US launched new strikes on Iranian targets. Brent crude has climbed toward USD 95/bbl on these developments.

ING’s Warren Patterson and Ewa Manthey note Gold prices are retreating as investors reassess US monetary policy after data showing still persistent inflation risks.

Silver price (XAG/USD) claws back its early losses and rises to near $64.10 during the early European trading session on Thursday. The white metal attracts bids amid hopes that the April ceasefire between the United States (US) and Iran remains intact despite the exchange of attacks this week.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.50 during the early European trading hours on Thursday. The WTI price edges higher amid renewed skirmishes between the United States (US) and Iran. 

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

Gold (XAU/USD) fades a modest Asian session bounce to the $4,118 region, though it manages to hold above the lowest level since November 2025 set earlier this Thursday.

The US Central Command (CENTCOM) said it began "additional self-defense strikes" on Wednesday against "multiple targets in Iran,” the Guardian reported. The US military added, "The strikes are in response to Iran's unwarranted and continued aggression.”

Gold price (XAU/USD) tumbles to around $4,050, the lowest since November 2025, during the early Asian session on Thursday.

Silver price drops below $65.00, extending its week-long losses to more than 6%, trading down nearly 2.50% in the day as the white metal breaks below the 200-day Simple Moving Average (SMA) at $67.25.

Gold (XAU/USD) price collapses over 3% on Wednesday after the latest inflation report in the US showed prices remain elevated, reinforcing expectations that interest rates could remain higher-for-longer, a headwind for the non-yielding metal.

West Texas Intermediate (WTI) trades around $89.40 at the time of writing on Wednesday, up 2.33% on the day, as investors return to the Oil market following a strong rebound driven by geopolitical tensions in the Middle East.

Silver (XAG/USD) remains under pressure on Wednesday and trades around $64.70 at the time of writing, down 1.02% on the day.

United States EIA Crude Oil Stocks Change below expectations (-4M) in June 5: Actual (-7.228M)

MUFG’s Hardman and Lockhart report that Brent Oil prices have shown a muted response to renewed US–Iran military exchanges, trading near recent lows after briefly dipping below USD 90 per barrel.