Oil prices are trading nearly $1 lower on the day on Monday, as the commodity’s reversal from Friday’s highs above $60.00 extends to session lows below $59.20 ahead of the American session opening times.

Silver (XAG/USD) remains stable at the start of the week, trading around $58.40 on Monday at the time of writing, up 0.1% on the day. The white metal extends its consolidation phase, as investors avoid taking fresh positions before the Federal Reserve’s policy announcement on Wednesday.

Gold (XAU/USD) kicks off the week on a quiet note, with traders reluctant to take fresh positions ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday. At the time of writing, XAU/USD is trading around $4,210, extending its consolidation phase within the familiar one-week range.

Gold is holding near $4,200/oz as expectations for a December Fed rate cut and a weaker US Dollar (USD) continue to underpin prices, though soft physical demand may cap further gains.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $58.47 per troy ounce, up 0.16% from the $58.38 it cost on Friday.

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $60.00 per barrel, up from Friday’s close at $59.91.

Silver (XAG/USD) lacks a firm intraday directional bias on Monday and seesaws between tepid gains/minor losses through the Asian session.

Gold (XAU/USD) attracts some dip-buying at the start of a new week and stalls Friday's modest pullback from the $4,260 area, or the vicinity of its highest level since October 21.

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

West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

Gold price (XAU/USD) trades in positive territory near $4,205 during the early Asian session on Monday. The precious metal edges higher as markets widely expect the Federal Reserve (Fed) to cut interest rates at its December meeting on Wednesday. 

Gold (XAU/USD) advances during the North American session on Friday, poised to finish the week almost flat above the $4,200 figure as market participants brace for the Federal Reserve (Fed) monetary policy meeting next week.

United States Baker Hughes US Oil Rig Count above forecasts (409): Actual (413)

Copper prices jumped to a new record of $11,540 per ton as fears mount over potential US import tariffs extending to refined Copper.

Italy is considering declaring its central bank’s 2,452 tons of Gold as the property of the people, a move opposed by the ECB over fears it could threaten bank independence.

Saudi Arabia has reduced its official selling prices for January Oil deliveries, with Asian customers now paying only $0.60 per barrel above the Oman/Dubai benchmark.

Russia exported nearly 3.94 million barrels of Crude Oil per day last week, marking a 20% increase from the prior week despite US sanctions.

Since the beginning of October, the price of a barrel of Brent crude Oil has fluctuated mainly between USD 60 and 65. This is unlikely to change in the coming week, as factors supporting and weighing on prices are likely to balance each other out.

Gold (XAU/USD) trades marginally higher on Friday, oscillating within the familiar range that has defined price action this week, as dovish Federal Reserve (Fed) expectations keep the precious metal broadly supported.

Gold price (XAU/USD) gains 0.4% to near $4,230 during the European trading session on Friday. The yellow metal trades firmly, but is confided in a tight range between $4,164 and $4,265 for the last four trading days.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $58.00 per troy ounce, up 1.56% from the $57.11 it cost on Thursday.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $59.36 per barrel, down from Thursday’s close at $59.48.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.08 after its previous daily close at $63.16.

Gold (XAU/USD) struggles to capitalize on the overnight bounce from the $4,175 area, or the vicinity of the weekly trough, and oscillates in a narrow trading range during the Asian session on Friday.

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

Silver price (XAG/USD) trades 0.5% higher to near $57.50 during the Asian trading session on Friday. The white metal rises after regaining ground, following a correction move to near $56.50 from the all-time high of $58.90.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.45 during the Asian trading hours on Friday. The WTI declines amid an increase in US crude oil stockpiles, signaling excess supply.

Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.

Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.

Gold (XAU/USD) holds steady on Thursday, moving quietly within the $4,160-$4,260 range as investors adopt a wait-and-see approach ahead of the Federal Reserve’s (Fed) monetary policy meeting next week.

Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.