Gold sank by over 1.5% during the North American session on Wednesday as investors grew confident that the Federal Reserve (Fed) would raise rates at the October meeting. That confidence stems from hawkish remarks made by several officials.
Silver price tumbles over 3.67% on Wednesday as investors increase Fed-hawkish bets, following remarks by several officials supporting last week’s rate hike and penciling in further tightening. The XAG/USD trades at $64.59, after reaching a high of $67.52.
West Texas Intermediate (WTI) Oil rebounds on Wednesday after five straight days of losses as traders assess the latest Middle East developments and US inventory data.
TD Securities’ Ryan McKay and Bart Melek note West Texas Intermediate (WTI) Crude prices are holding relatively strong despite intense headline risk and elevated speculative positions, with CTAs (Commodity Trading Advisors) adding back length rather than cutting exposure.
TD Securities’ Ryan McKay argues Gold is entering a new bullish phase, with speculative, ETF and central bank flows reinforcing resilience despite further Fed hikes.
ING analysts Ewa Manthey and Warren Patterson report that LME Copper has extended gains on tight physical conditions in China, falling inventories and holiday-related restocking, even as investor positioning remains subdued.
Silver (XAG/USD) slides nearly 3% on Wednesday as the hawkish Federal Reserve (Fed) outlook pushes the US Dollar (USD) to a two-month high and weighs on non-yielding metals. Gold (XAU/USD) is also down more than 1%. At the time of writing, XAG/USD trades around $65.
ING strategists Ewa Manthey and Warren Patterson note that Brent and WTI have sold off sharply as expectations of higher Saudi crude exports, progress in US-Iran talks and a surprise US inventory build ease Middle East supply concerns.
Silver (XAG/USD) extends its decline on Wednesday, trading around $65.20 at the time of writing, down 2.80% on the day. The white metal retreats further from the $68.00 area as a stronger US Dollar (USD) and a hawkish repricing of the US interest rate outlook weigh on precious metals.
Gold (XAU/USD) trades on the back foot on Wednesday as expectations of further Federal Reserve (Fed) rate hikes lift the US Dollar (USD) and weigh on the non-yielding metal. At the time of writing, XAU/USD trades around $4,315, down 1.0% on the day.
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
금 투자자들은 일반적으로 기본적인 관계를 알고 있습니다. 고용과 물가가 예상보다 강하면 시장은 금리 인하 시점을 뒤로 미룰 수 있습니다. 이에 따라 금리와 달러가 상승하며 금 가격에 압박을 가합니다. 반면 경제 지표가 약화되면 금리 인하 기대가 커지며 보통 금 가격을 지지합니다. 하지만 실제 거래에서 금이 항상 이러한 패턴을 따르는 것은 아닙니다. 예상보다
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $65.45 per troy ounce, down 2.42% from the $67.07 it cost on Tuesday.
Rabobank strategist Michael Every notes Oil prices are currently lower on hopes for de-escalation in multiple conflicts, including developments around Saudi infrastructure, Iran talks and Ukraine.
Oil prices maintain their negative trend on Wednesday, with the price of the US benchmark West Texas Intermediate (WTI) barrel flatlining at the $89.00 area, its lowest level in nearly three weeks and 13% below last week’s highs.
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retains a negative bias for the fifth straight day on Wednesday, flirting with an over two-week low touched on Tuesday.
Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from sub-$4,300 levels and meets with a fresh supply during the Asian session on Wednesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the early Asian trading hours on Wednesday. WTI falls after US President Donald Trump said the United States (US) held hours-long talks with Iran.
Gold (XAU/USD) price retreats from daily highs of $4,376 on Tuesday as US Treasury yields rise and the US Dollar continues to strengthen, with investors pricing in further Federal Reserve (Fed) tightening towards year-end. At the time of writing, XAU/USD trades at $4,337, down 0.14%.
West Texas Intermediate (WTI) Oil extends its decline on Tuesday as traders assess fresh Middle East developments, keeping energy prices under pressure for a fifth straight day. At the time of writing, WTI trades around $89.50, near a two-week low.
TD Securities’ Ryan McKay and Bart Melek highlight that elevated speculative positioning leaves Crude Oil vulnerable to shifting headlines around Middle East supply routes.
Norman Liebke at Commerzbank argues that European gas prices may see only limited further declines despite a brief 8% drop on US–Iran diplomatic headlines.
Silver (XAG/USD) declines 0.38% on Tuesday and trades around $65.85 at the time of writing.
National Bank of Canada's (NBC) Ethan Currie reassesses Oil pricing, highlighting persistent Middle East disruptions, depleted reserves and refined product shortages.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $65.61 per troy ounce, down 0.78% from the $66.13 it cost on Monday.
Gold (XAU/USD) halts its intraday decline on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,315, after bouncing from a low of $4,291 during European trading hours.
Gold (XAU/USD) trades lower for the second consecutive day on Tuesday, extending its decline to levels below $4,320 during the European session, as the recovery attempt from last week’s low was capped at $4,400.
According to a report from Kyodo news, a senior Iranian official has said that Iran will reopen the Strait of Hormuz, a critical chokepoint to almost 20% of global energy supply, within seven days if the United States (US) takes initial steps toward easing military pressure.
Silver price (XAG/USD) is down 1.75% to near $64.85 during the European trading session on Tuesday. The white metal is under severe selling pressure as Federal Reserve (Fed) officials warn that strong demand is also fuelling upside inflation risks alongwith higher oil prices.