Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Friday. The precious metal extends the decline as traders cover losses from equities and adjust positions. The preliminary reading of the Michigan Consumer Sentiment Index report for February is due later on Friday.
West Texas Intermediate (WTI) trimmed a little bit off the top of barrel bids on Thursday, falling around $0.95 per barrel, or 1.5%.
Gold price (XAU/USD) tumbles during the North American session on Thursday as precious metals continue their liquidation mode, while the Greenback recovers some ground amid worse-than-expected economic data in the US.
BNY's analysis indicates that while higher commodity prices have stabilized associated assets, they are not expected to lead to structural changes in emerging markets.
Silver prices have plunged another 17%, erasing a brief recovery and reflecting extreme volatility in precious metals. The renewed drop follows a historic rout, with prices falling significantly below earlier highs.
Gold (XAU/USD) is accelerating its reversal from Wednesday’s highs near $5,100, trading at $4,865 at the time of writing, with downside attempts contained below $4,790 for now. Precious metals are losing ground despite the risk-averse sentiment, as the US Dollar appreciates across the board.
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $78.42 per troy ounce, down 10.33% from the $87.45 it cost on Wednesday.
Crude oil prices continued to rise, driven by renewed tensions between the US and Iran. Reports indicate that US President Trump has issued warnings to Iran while military forces are gathering in the region.
Silver price (XAG/USD) pares its daily losses, yet remains in the negative territory, trading around $80.50 per troy ounce during the early European hours on Thursday.
West Texas Intermediate (WTI) Oil price declines after two days of gains, trading around $63.50 per barrel during the Asian hours on Thursday.
Gold (XAU/USD) attracts heavy selling following the overnight failure ahead of the $5,100 mark and dives to sub-$4,800 levels during the Asian session on Thursday.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Silver price (XAG/USD) plunged over 10% after two days of gains, trading around $77.00 per troy ounce during the Asian hours on Thursday. Silver prices fall as precious metals face renewed selling pressure and increased volatility.
Gold price (XAU/USD) jumps to around $5,005 during the early Asian session on Thursday. The precious metal rebounds following a period of intense volatility. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.
West Texas Intermediate (WTI) US Crude Oil prices seem to have stabilized following the previous day's good two-way price moves and traded around the $64.00 mark during the Asian session on Thursday.
Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength keep XAU/USD trading with losses at around $4,901 at the time of writing.
Silver (XAG/USD) extends its rebound for a second consecutive day and trades around $89.70 at the time of writing, up 5.50% on the day.
BNY's report, authored by Head of Markets Macro Strategy Bob Savage, discusses significant outflows from China's gold ETFs, totaling nearly $1 billion, following a sharp decline in gold prices. This trend reflects fragile investor sentiment after a recent peak in gold prices.
The report from OCBC Bank, authored by Sim Moh Siong and Christopher Wong, notes that Gold and Silver have rebounded due to dip-buying interest as liquidation pressures eased. However, sentiment remains cautious, and the report anticipates consolidation rather than a trend reversal.
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $89.44 per troy ounce, up 5.20% from the $85.02 it cost on Tuesday.
Silver price (XAG/USD) recovers further on Wednesday, trades 6% higher to near $90.50 during the European trading session.
Deutsche Bank's Macro Strategy report highlights a significant recovery in Gold prices, which posted their largest daily gain since 2008. Gold rose by 6.12% to $4,947/oz, with further increases noted overnight.
West Texas Intermediate (WTI) Oil price declines after registering nearly 3% gains in the previous session, trading around $63.50 per barrel during the early European hours on Wednesday.
Gold prices rebounded strongly on Tuesday, reversing previous declines. The price rose by US$285.38 (6.1%) to US$4,946.76 per troy ounce. Silver also saw a significant rebound, increasing by US$5.89 (7.4%) to US$85.16 per troy ounce.
Gold (XAU/USD) attracts follow-through buying for the second consecutive day and surges past the $5,000 psychological mark during the Asian session on Wednesday amid the global flight to safety.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the Asian trading hours on Wednesday. The WTI price edges higher amid fears of rising tensions between the United States (US) and Iran.
Gold price (XAU/USD) trades in positive territory near $4,985 during the early Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.