Gold price (XAU/USD) is down 2% to near $4,410 during the European trading session on Thursday.
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $68.17 per troy ounce, down 4.33% from the $71.25 it cost on Wednesday.
Rabobank’s Philip Marey and Kan Ji argue that higher global Oil prices from the Iran conflict will push US inflation higher and keep it more persistent.
West Texas Intermediate (WTI) Crude Oil prices stick to a positive bias for the second consecutive day on Thursday, though the intraday uptick lacks bullish conviction.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold (XAU/USD) shows some resilience below the $4,500 psychological mark during the Asian session on Thursday and stalls the overnight rejection slide from the 100-day Simple Moving Average (SMA). The upside, however, remains capped amid a bullish US Dollar (USD).
West Texas Intermediate (WTI) Crude Oil prices consolidate during the Asian session on Thursday and hold steady around the $90.50 region, well within a three-day-old range.
Gold price (XAU/USD) gains nearly 2% on Wednesday as Oil futures prices tumbled amid growing speculation that the US and Iran would begin talks to end the conflict that started nearly four weeks ago. At the time of writing, XAU/USD trades at $4,556.
West Texas Intermediate (WTI) trades around $88.20 on Wednesday at the time of writing, up 0.40% on the day, attempting to stabilize after a recent pullback.
TD Securities strategists Oscar Munoz and Eli Nir argue that the Federal Reserve (Fed) faces conflicting signals as the Iran conflict drives an Oil shock.
TD Securities’ Senior Commodity Strategist Ryan McKay warns that Oil markets face escalating tightness as flows through the Strait of Hormuz remain severely restricted and Gulf production cuts exceed 10m b/d.
Citing informed sources on the matter, Iran's Fars news agency reported on Wednesday that Tehran doesn't see truce and talks as viable in current conditions, despite the United States' increased efforts to establish a ceasefire and begin direct negotiations.
Gold (XAU/USD) extends its recovery on Wednesday after falling to four-month lows earlier this week, as early buyers step in following a sharp selloff.
ING strategists Ewa Manthey and Warren Patterson report Gold has extended gains above $4,600 as it rebounds from a nine‑day losing streak.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $73.26 per troy ounce, up 2.76% from the $71.30 it cost on Tuesday.
Silver price (XAG/USD) extends its winning streak for the third trading day on Wednesday, trading over 2% around $73.00 during the European session. The white metal strengthens amid increased efforts from United States (US) President Donald Trump to end the war in the Middle East.
West Texas Intermediate (WTI) oil price gains ground after two days of losses, trading around $88.00 per barrel during the early European hours on Wednesday.
MUFG’s Senior Currency Analyst Michael Wan notes that Brent Oil has dropped to around US$100 as the Dollar weakened on signs of US–Iran talks, but he stresses that negotiations are likely to be very difficult.
West Texas Intermediate (WTI) Crude Oil prices reverse an intraday fall to the $86.00 mark, back closer to the overnight swing low, though traders seem reluctant to place directional bets amid mixed geopolitical signals.
Iran's Revolutionary Guards said on Wednesday that they had fired missiles at Israel as well as military bases hosting US forces in Kuwait, Jordan and Bahrain.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold (XAU/USD) builds on this week's solid recovery from a technically significant 200-day Simple Moving Average (SMA) near the $4,100 mark, or a four-month low, and climbs to the $4,600 mark during the Asian session on Wednesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.85 during the Asian trading hours on Wednesday. The WTI price falls as the US-Iran talks signal hope for Middle East peace.
Silver (XAG/USD) builds on this week's goodish recovery from the $61.00 mark, or its lowest level since December 12, and gains positive traction for the fourth straight day on Wednesday.
Gold price (XAU/USD) recovers some lost ground to around $4,470 during the early Asian session on Wednesday. The precious metal edges higher following a period of extreme volatility, with the price falling to a four-month low near $4,100, its worst weekly performance since 1983.
Gold (XAU/USD) remains pressured on Tuesday, remaining near its opening price amid heightened tensions in the Middle East, as the Wall Street Journal reported that the Pentagon plans to deploy a brigade combat team from the Army's elite Airborne Division.
WTI Crude Oil bounced roughly 3% on Tuesday, recovering to above $90.00/barrel after Monday's brutal 11% sell-off.
Silver (XAG/USD) trades slightly higher on Tuesday, around $69.35 at the time of writing, up 0.25% on the day, but struggles to build momentum as markets remain driven by conflicting geopolitical signals and tight financial conditions.