Gold (XAU/USD) skyrockets on Thursday after the Federal Reserve (Fed) cut rates as expected on Wednesday, and even though it hinted at a pause in the easing cycle, it was not an excuse for the rally in precious metals.
Gold (XAU/USD) eases slightly on Thursday as investors reassess the Federal Reserve’s (Fed) monetary policy outlook after the latest interest rate cut.
West Texas Intermediate (WTI) US Oil trades around $57.70 on Thursday at the time of writing, down 1.80% on the day.
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $62.00 per troy ounce, up 0.35% from the $61.78 it cost on Wednesday.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.95 per barrel, down from Wednesday’s close at $58.77.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.62 after its previous daily close at $62.46.
Gold (XAU/USD) retreats following a modest Asian session uptick to the $4,247 area, or a fresh weekly high, and for now, seems to have snapped a two-day winning streak.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Silver Price (XAG/USD) retraces to near $62.00 during the Asian trading session on Thursday after posting a fresh all-time high at $62.87 earlier in the day.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.70 during the Asian trading hours on Thursday. The WTI price drifts lower on diplomatic steps toward ending the Russia-Ukraine war.
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Gold (XAU/USD) prices rise during the North American session after the Federal Reserve decided to cut rates as expected. At the time of writing XAU/USD trades volatile, between $4,190-$4,220 posting losses of over 0.25%.
West Texas Intermediate (WTI) Crude Oil steadies on Wednesday, trimming part of its earlier losses as traders react to the latest US Energy Information Administration (EIA) report. At the time of writing, WTI is trading around $58.00, rebounding after hitting an intraday low of $57.54.
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.
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.
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.