West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.30 during the Asian trading hours on Wednesday. The WTI price holds positive ground amid uncertainty and heightened tensions in the Middle East.
Gold price (XAU/USD) attracts some sellers to around $4,860 during the early Asian trading hours on Wednesday. The precious metal falls amid thin holiday trading, with much of Asia closed for the Lunar New Year.
Gold (XAU/USD) price dives more than 3% on Tuesday as the Greenback rebounds amid Washington-Tehran talks that, according to a senior White House official quoted by Axios, are showing signs of progress. At the time of writing, XAU/USD trades at $4,869 after reaching a daily high of $5,000.
West Texas Intermediate (WTI) US Oil declines on Tuesday and trades around $62.50 at the time of writing, down 1.80% on the day, while remaining within the trading range observed in recent weeks.
Commerzbank’s Carsten Fritsch highlights how US–Iran nuclear talks and Iranian military exercises have lifted Oil prices as markets price escalation risk.
Commerzbank’s Thu Lan Nguyen notes that Gold briefly traded above USD 5,000 per ounce before slipping back toward USD 4,900, struggling to extend gains.
Gold (XAU/USD) trades on the back foot on Tuesday as holiday-thinned volumes weigh on sentiment. At the time of writing, XAU/USD is trading at $4,935 after briefly dipping to a nearly two-week low at $4,859, down 1.10% on the day.
Silver price (XAG/USD) is down almost 3% near $74.00 during the European trading session on Tuesday. The white metal is under pressure ahead of the opening of the United States (US) markets after an extended weekend.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $74.76 per troy ounce, down 2.33% from the $76.55 it cost on Monday.
Crude Oil prices are ticking lower in quiet markets on Tuesday, but remain steady within February’s trading range with all eyes on the US-Iran talks. The US Benchmark WTI has pulled back from Monday’s highs at $63.70 but remains above $63.00 at the time of writing.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold (XAU/USD) attracts some follow-through selling for the second straight day and slides to the $4,922 area during the Asian session on Tuesday amid thin liquidity on the back of the Lunar New Year holidays in China.
Silver price (XAG/USD) trades lower to near $76.00 during the Asian trading session on Tuesday. The white metal has been slightly under pressure as dovish Federal Reserve (Fed) expectations remain capped despite cooling United States (US) inflation in January.
West Texas Intermediate (WTI) Oil price edges lower after registering over 1.5% gains in the previous session, trading around $63.50 during the Asian hours on Tuesday. Crude Oil prices may remain under pressure due to oversupply concerns.
Gold price (XAU/USD) extends its losses for the second successive session, trading around $4,930 per troy ounce during the Asian hours on Tuesday.
Gold price dives nearly 1% on a thin liquidity trading session on Monday as US markets are closed in observance of Presidents' Day, while China’s new year celebration will keep the markets closed for over a week. At the time of writing, XAU/USD trades at $4,992 after reaching a daily high of $5,054.
Silver (XAG/USD) trades around $76.50 at the time of writing, down 0.70% on the day, with Silver starting the week on a weaker footing after failing to extend its recent rebound.
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem describe how Winter storm Fern briefly pushed US gas futures above $7/MMBtu before prices fell below $3/MMBtu as storage stayed near the ten‑year average.
Gold (XAU/USD) kicks off the week on a subdued note, extending its consolidation phase as traders remain reluctant to chase prices higher amid mixed macro signals. At the time of writing, XAU/USD is trading near $5,004, bouncing from an intraday low around $4,965, down roughly 0.55% on the day.
ING’s Warren Patterson and Ewa Manthey say Oil remains supported by a sizeable risk premium as markets await US-Iran and Russia-Ukraine talks in Geneva. They argue that a more de-escalatory tone could see bearish fundamentals reassert and push prices lower.
The US benchmark West Texas Intermediate (WTI) Oil has opened the week in the same weak tone seen at the end of the previous one, although prices remain steady within Friday’s trading ranges.
Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data. Silver trades at $77.05 per troy ounce, broadly unchanged 0.03% from the $77.03 it cost on Friday.
OCBC strategists Sim Moh Siong and Christopher Wong note that Gold has rebounded on softer US CPI and expectations of prolonged easy Fed policy, but the move remains measured after earlier volatile swings.
West Texas Intermediate (WTI) edged lower after opening above its previous close, trading around $62.80 per barrel during the Asian hours on Monday. Crude Oil prices were little changed as traders remained cautious amid ongoing geopolitical developments.
Gold (XAU/USD) attracts fresh sellers at the start of a new week and reverses a part of Friday's strong move up of over $150 from sub-$4,900 levels.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Silver price (XAG/USD) trades 2% lower below $76.00 during the Asian trading session on Monday.
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a modest Asian uptick on Monday and currently trade just below the $63.00 mark, up less than 0.40% for the day.
Gold (XAU/USD) edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday.
Gold (XAU/USD) price makes a U-turn on Friday and trims some of Thursday’s losses, rising nearly 2% following the release of a softer-than-expected inflation report in the US, which increased speculation that the Federal Reserve (Fed) could lower rates.