Silver (XAG/USD) trades around $59.80 at the time of writing on Tuesday, up 2.81% on the day.

BNY’s Geoff Yu notes Copper is surging as tighter availability meets uncertainty over United States (US) tariffs, with shipments to the United States draining inventories elsewhere and constrained mine output leaving the market exposed to squeezes.

ING’s commodities team points out that European gas prices fell, with TTF down modestly, as the market digests storage and demand trends.

BNY's Geoff Yu reports that Saudi Aramco sees no material operational or financial impact from July attacks, with alternative pipelines, storage and export terminals preserving output.

ING strategist Ewa Manthey highlights that Gold has extended its recovery, posting its first monthly gain since February. The metal is supported by easing Middle East geopolitical tensions and sharply lower Oil prices, which reduce inflation concerns.

Gold (XAU/USD) trades flat on Tuesday, extending its sideways grind as uncertainty surrounding US-Iran peace efforts and the Federal Reserve’s (Fed) monetary policy path keeps traders cautious.

Gold price (XAU/USD) remains in a tight range at around $4,050 during the European trading session on Tuesday. The precious metal struggles to get direction, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for July, which will be released later this week.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.86 per troy ounce, up 1.15% from the $58.19 it cost on Monday.

ING strategists Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent, fell sharply on optimism over a potential US–Iran Middle East deal.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – builds on the previous day's modest bounce from levels just below the mid-$77.00s and gains some follow-through positive traction during the Asian session on Tuesday.

Gold (XAU/USD) seesaws between tepid gains and minor losses during the Asian session on Tuesday as traders seem hesitant and opt to wait for further developments surrounding the Middle East crisis.

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

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday and looks to build on the overnight bounce following an intraday slump to levels below mid-$77.00s.

Gold price (XAU/USD) declines to near $4,050 during the early Asian session on Tuesday. The precious metal eased slightly from the recent rally after the US paused planned airstrikes against Iran. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus. 

Gold (XAU/USD) price retreats on Monday as the US Dollar (USD) recovers some ground, even though hostilities in the Middle East paused at the request of Iran and other Middle Eastern countries, according to US President Donald Trump. The XAU/USD pair trades at $4,037, down 0.12%.

The cryptocurrency market shows broad signs of recovery, with Bitcoin (BTC) edging higher above $63,000 on Monday. This follows a sudden correction to the daily low of $62,300, which aligns with persistent risk-off sentiment.

West Texas Intermediate (WTI) US Oil trades around $78.45 at the time of writing on Monday, down 7.76% on the day, as investors unwind the geopolitical risk premium following announcements of a potential agreement between the United States (US) and Iran.

Silver (XAG/USD) trades around $57.20 at the time of writing on Monday, down 0.73% on the day, after a strong US manufacturing report reinforced expectations that the Federal Reserve (Fed) will maintain a restrictive monetary policy.

Rabobank's Senior Market Strategist Benjamin Picton discusses recurring Middle East tensions around the Strait of Hormuz and their impact on Oil and Brent.

West Texas Intermediate (WTI), futures on NYMEX, trade 7.4% lower at around $78.50 during the European trading session on Monday. The Oil price holds onto its opening losses, driven by the announcement of a ceasefire 2.0 between the United States (US) and Iran.

Gold (XAU/USD) starts the week on a positive note, although buyers lack conviction as markets weigh conflicting US-Iran headlines and look ahead to US employment data for fresh clues on the Federal Reserve’s (Fed) policy outlook.

Deutsche Bank Research analysts Michael Hsueh and Bryant Xu argue that Gold has been in an explosive price phase since August 2024, but recent moves suggest a muted correction.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $58.38 per troy ounce, up 1.37% from the $57.59 it cost on Friday.

Silver price (XAG/USD) opens strongly due to a sharp decline in oil prices, but struggles to extend gains beyond $58.68 during the day. At press time, the Silver price is up 1% to near $58.20.

Commerzbank strategists report that Brent Oil opened over 7% lower under USD84 into the Asian session after President Trump said the United States (US) would hold off on new strikes against Iran.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to register any meaningful recovery and sticks to heavy intraday losses through the early part of the European session on Monday.

Societe Generale analysts Michael Haigh and Jeremy Sellem describe how Red Sea and Bab al-Mandab security risks are forcing Oil cargoes onto longer, more complex routes.

Commerzbank’s FX Research team reports that Brent Oil opened over 7% lower under USD84 into the Asian session after President Trump said the US would hold off on new strikes against Iran.

Gold (XAU/USD) struggles to capitalize on a modest weekly bullish gap opening and remains below the $4,100 mark through the Asian session. The US Dollar (USD) stages a modest recovery from its lowest level since June 17 and turns out to be a key factor acting as a headwind for the commodity.

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