Gold price (XAU/USD) holds steady near $4,080 during the early Asian session on Friday. The upside for the precious metal might be limited as strong US jobs data dims Federal Reserve (Fed) rate cut expectations.
Gold (XAU/USD) retreats on Thursday during the North American session following the release of the September US jobs report, which fared better than expected, crushing forecasts. At the time of writing, XAU/USD trades at $4,061, down 0.38%.
West Texas Intermediate (WTI) Crude steadies on Thursday after falling more than 2% on the previous day, as market sentiment turns cautious ahead of the US sanction deadline on two major Russian oil firms. At the time of writing, WTI is trading around $59.70, up nearly 0.70% on the day.
Gold’s recent strength has been powered largely by hedge funds and retail investors, whose inflows have far exceeded official-sector demand.
Silver (XAG/USD) trades around $50.80 on Thursday at the time of writing, down 0.70% on the day. The white metal is paring part of the earlier weekly advance, after prices briefly tested the $52.00 area before being rejected as the US Dollar (USD) regained strength.
Gold (XAU/USD) trades slightly weaker on Thursday, holding within a choppy intraday range as investors stay on the sidelines ahead of the delayed September Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, XAU/USD is trading near $4,057, down roughly 0.45%.
Gold price (XAU/USD) trades 0.5% lower to near $4,052.00 during the European trading session on Thursday. The yellow metal faces selling pressure as traders have trimmed bets supporting an interest rate cut by the Federal Reserve (Fed) in the December policy meeting.
Oil prices have ticked up from Wednesday’s lows at $58.65, reaching session highs above $59.60 at the time of writing.
Chile, the biggest Copper producer, raised its price forecasts for this year and next, ING's commodity experts Ewa Manthey and Warren Patterson note.
European natural Gas prices fell nearly 2.4% on Wednesday, pressured by reports of U.S.–Russia peace discussions despite colder weather accelerating storage withdrawals, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil prices came under pressure yesterday, with ICE Brent settling about 2.1% lower, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.34 per barrel, up from Wednesday’s close at $59.28.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $63.21.
Gold (XAU/USD) attracts fresh sellers following an Asian session uptick to the $4,110 region on Thursday and retreats further from the weekly high, touched the previous day.
Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $51.85 region and moves further away from the weekly high, touched the previous day.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.50 during the Asian trading hours on Thursday. The WTI edges higher amid a larger-than-expected draw from US crude stockpiles last week on higher refinery runs and exports.
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
Risk aversion dominates financial markets in the American session on Wednesday, resulting in a much firmer US Dollar (USD) across the FX board. In the case of XAU/USD, demand for safety benefits both Gold and the Greenback, keeping the pair afloat, though off its intraday high of $4,132.
West Texas Intermediate (WTI) US Oil trades around $59.00 on Wednesday at the time of writing, down 2.80% on the day. The price remains under pressure as traders weigh mixed US inventory data and monitor escalating geopolitical risks linked to upcoming sanctions on major Russian producers.
Silver (XAG/USD) rises firmly on Wednesday, up 2.10% on the day to $51.90 at the time of writing, supported by renewed safe-haven flows as global sentiment shifts into risk-off mode.
Gold (XAU/USD) edges higher on Wednesday as a risk-off tone across global markets revives safe-haven demand. At the time of writing, XAU/USD is trading around $4,120, up nearly 1.20%, extending its rebound after briefly slipping below the $4,000 threshold on Tuesday.
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, reaching intra-week highs, right above $4,100, favoured by the risk-averse markets and heightened hopes that the US Federal Reserve might ease monetary policy at its December meeting.US employment data disappointed on Tues
Freeport said it plans to restore Copper production at its Grasberg operations in Indonesia drove a rally in Copper prices. A September mudslide led the miner to declare force majeure.
ICE Brent settled a little more than 1% higher yesterday, with the market moving closer to the $65/bbl level. Market participants appear more concerned about supply risks than the odds of a surplus going forward, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold (XAU/USD) trades with a mild positive bias for the second straight day on Wednesday and looks to build on the previous day's bounce from levels just below the $4,000 psychological mark, or a one-and-a-half-week low.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.50 during the Asian trading hours on Tuesday. The WTI edges lower amid a rise in US crude inventories.
Silver (XAG/USD) reverses a modest Asian session dip to levels below the $50.00 psychological mark and looks to build on the previous day's bounce from an over one-week low.