Gold (XAU/USD) posts modest losses on Wednesday with traders bracing for the Federal Reserve’s (Fed) monetary policy decision, along with Fed Chair Jerome Powell's press conference. At the time of writing, XAU/USD trades at $4,197 after reaching a daily peak of $4,218.

United States EIA Crude Oil Stocks Change came in at -1.812M, below expectations (-1.2M) in December 5

Gold (XAU/USD) edges slightly lower on Wednesday, with price action contained inside the recent consolidation zone as markets brace for the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is hovering near $4,200, down from the intraday high of $4,218.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $60.97 per troy ounce, up 0.30% from the $60.79 it cost on Tuesday.

European Gas prices bounced modestly, with TTF up 2.3%, after aggressive speculative selling pushed the market toward long-run marginal cost levels. This pressure comes even as EU storage sits well below its five-year seasonal average, ING's commodity experts Ewa Manthey and Warren Patterson note.

Oil prices are under further downward pressure this week, with ICE Brent falling below $62/bbl, settling at its lowest level since late October. The Oil market is moving deeper into the expected Oil glut.

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $58.28 per barrel, up from Tuesday’s close at $58.21.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.88 price posted on Tuesday, and trading at $61.95.

Gold prices fell in India on Wednesday, according to data compiled by FXStreet.

Gold (XAU/USD) edges higher during the Asian session and touches a fresh weekly top on Wednesday, though it lacks follow-through buying.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.20 during the Asian trading hours on Wednesday.

Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.

Gold price (XAU/USD) trades in negative territory near $4,210 during the early Asian session on Wednesday.

United States API Weekly Crude Oil Stock came in at -4.8M, below expectations (-1.7M) in December 5

Gold (XAU/USD) resumed its uptrend on Tuesday and is up 0.57% following a solid jobs report from the United States (US), which wouldn’t deter the Federal Reserve (Fed) from easing rates on Wednesday. XAU/USD trades at $4,213 after bouncing off daily lows of $4,170.

Silver (XAG/USD) extends its historic run on Tuesday, surging past the $60 mark for the first time as bullish momentum accelerates ahead of the Federal Reserve’s (Fed) interest rate decision.

West Texas Intermediate (WTI) US Oil trades around $58.50 on Tuesday at the time of writing, down 0.40% on the day. The Crude Oil market is declining after the announcement of restored production at Iraq’s West Qurna 2 field, a development that increases short-term supply and pressures Oil prices.

Copper started the week at a new record high of almost $11,800 per ton, up 33% on the start of the year. China impressed with good export figures: exports were almost 6% higher than last year, giving China its third-largest monthly trade surplus ever.

According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.

Reuters and Bloomberg have meanwhile published their surveys on OPEC production in November.

China boosted crude imports from Saudi Arabia and Iran in November, while Russian volumes declined amid weak demand and newly imposed U.S. sanctions.

Silver (XAG/USD) stabilises around $58.60 on Tuesday, up 0.85% on the day, as investors hold their breath ahead of the Federal Reserve’s (Fed) monetary policy decision due on Wednesday.

Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.

Gold (XAU/USD) keeps trading in a choppy and volatile manner, moving roughly within a $40 range, both sides of the $4,200 line on Tuesday.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $58.82 per troy ounce, up 1.18% from the $58.13 it cost on Monday.

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $58.55 per barrel, down from Monday’s close at $58.69.

Silver price (XAG/USD) trades in a tight range around $58.00 during the late Asian trading session on Tuesday. The white metal turns sideways as investors await the monetary policy announcement by the Federal Reserve (Fed), scheduled for Wednesday.

Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.

Gold (XAU/USD) extends its sideways consolidative price move through the Asian session on Tuesday and remains confined in a familiar range held over the past week or so. Traders now seem reluctant and opt to move to the sidelines ahead of the FOMC rate decision on Wednesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.65 during the Asian trading hours on Tuesday. The WTI price edges lower as Iraq restores production at one of its oilfields.

Gold Price (XAU/USD) trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve (Fed) will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.