Gold (XAU/USD) climbs to a two-week high on Wednesday as bargain hunters step in near the $4,000 mark, while traders weigh Middle East risks and the Federal Reserve’s (Fed) monetary policy outlook.

TradingKey - 중동 긴장이 지속적으로 고조됨에 따라 국제 원유 시장이 다시 한번 심각한 영향을 받았다. 지정학적 리스크 상승으로 22일 국제 유가가 급등한 가운데, 서부텍사스산 원유(WTI) 선물( UKOIL-F)은 한때 4.28% 상승하며 배럴당 88.17달러를 기록했고, 브렌트유 선물( USOIL-F)은 배럴당 95달러를 돌파하며 지난 6월 1

Silver (XAG/USD) trades around $59.35 at the time of writing on Wednesday, up 0.94% on the day, as persistent safe-haven demand offsets the negative impact of rising inflation expectations.

Gold (XAU/USD) extends gains for the fourth consecutive day on Wednesday, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $59.50 per troy ounce, up 1.19% from the $58.80 it cost on Tuesday.

ING strategists Warren Patterson and Ewa Manthey highlight growing Oil supply disruptions across the Middle East and Black Sea. They note risks to Saudi crude exports via the Red Sea, renewed Persian Gulf tensions, and halted Kazakhstan flows through Russia’s CPC terminal.

Oil prices continue rallying on Wednesday as hostilities in Iran threaten to escalate out of control, and reports of vessels turning around in the Red Sea heighten concerns about supply disruptions.

Silver price (XAG/USD) gives back some of its early gains, but is still 0.8% higher at around $59.25 during the European trading session on Wednesday.

ING’s commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $84.90 during the early European trading hours on Wednesday. The WTI rises as rising tensions in the Middle East raise fears of further disruptions to global oil supplies and international trade.  

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

Gold (XAU/USD) rallies to an over two-week high, around the $4,140-$4,141 area, during the Asian session on Wednesday amid hopes that US-Iran diplomacy could ease energy prices and temper hawkish US Federal Reserve (Fed) expectations.

US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported on Wednesday. 

The United States Central Command (CENTCOM) said that it completed another night of attacks that targeted “military operations centers, maritime capabilities, aircraft hangars, drone storage facilities, and military logistics infrastructure to further degrade Iran’s ability to threaten commercial sh

Gold price (XAU/USD) gains ground to around $4,080 during the early Asian session on Wednesday. The precious metal rebounds as safe-haven demand intensified globally after retreating to the $4,000 psychological level in the previous session. 

United States API Weekly Crude Oil Stock above forecasts (-1.5M) in July 17: Actual (2.603M)

Silver price (XAG/USD) surges over 4.50% on Tuesday, reaching five-day highs, clearing $59.00 as buyers push the white metal to test a downslope resistance trendline near the $59.65/$50.75 range, about to surpass the $60.00 mark.

Gold price surges on Tuesday during the North American session, up by more than 1.50% amid continued missile strikes between the US and Iran despite mediators' efforts to end the war. The XAU/USD trades at $4,071

West Texas Intermediate (WTI) trades around $84.40 at the time of writing on Tuesday, up 2.58% on the day, as concerns over global Oil supplies continue to support prices despite hopes for a diplomatic de-escalation in the Middle East.

Silver (XAG/USD) rallies to around $58.85 on Tuesday at the time of writing, up 4.31% on the day. The white metal is supported by strong safe-haven demand as investors continue to monitor escalating tensions between the United States (US) and Iran.

BNY’s Geoff Yu notes that the U.S.–Iran confrontation and Houthi threats in the Red Sea are sustaining a geopolitical premium in Brent and WTI. Brent has risen toward $88 per barrel, with risks that Strait of Hormuz disruptions further tighten Oil supply.

Gold (XAU/USD) edges higher on Tuesday as buying interest around the $4,000 psychological level supports prices, while traders assess developments in the Middle East and their potential economic fallout. At the time of writing, XAU/USD trades around $4,058, up 1.27% on the day.

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.96 per troy ounce, up 4.54% from the $56.40 it cost on Monday.

OCBC’s Sim Moh Siong and Christopher Wong highlight rising geopolitical risks around Middle East supply routes, warning that a deeper conflict could push Oil back above USD100/bbl and revive volatility.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's late rebound from the $79.50-$79.45 area and trades with a negative bias through the first half of the European session on Tuesday.

ING Commodities Strategists Warren Patterson and Ewa Manthey report Copper prices are supported by tightening physical conditions in China. Yangshan import premiums have surged on scrap shortages and smelter maintenance outages, while Chinese and LME inventories are low.

TradingKey - 골드만삭스 ( GS) 글로벌 원자재 리서치 팀은 최신 보고서를 통해 호르무즈 해협을 통한 원유 및 석유제품 수송이 계속해서 심각한 차질을 빚을 경우 브렌트유 ( UKOIL) 가격이 2026년 4분기에 배럴당 120달러를 넘어설 수 있다고 전망했다. 또한 골드만삭스는 120달러가 현재의 기본 전망치가 아니며, 해협 내 통항 제한 장기화

MUFG’s Michael Wan notes that disruptions in the Strait of Hormuz have shifted more Middle East Oil flows toward the Red Sea and Bab el-Mandeb, increasing vulnerability to regional conflict.

TradingKey - 7월 21일 아시아 세션 기준 금 가격은 ( XAUUSD) 장중 빠른 반등세를 기록하며 당일 1.56% 상승해 최고 4,084.28달러를 기록했다. 기술적 관점에서 최근 금 가격은 4,000달러 선 부근에서 다지기 흐름을 보였으며, 이날 미국과 이란 간의 긴장 완화 기대감에 힘입어 반등하기 시작했다.미-이란 정세 외교적 완화 조짐,