Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices.
West Texas Intermediate (WTI) Crude Oil prices remain subdued on Friday, extending losses from the previous day and hovering near the mid-$65s amid thin holiday trading, lingering demand concerns, and a lack of fresh catalysts.
The price of Gold slumped in the wake of stronger-than-expected US employment growth in June, but the losses were limited, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill” filters through markets. With markets closed in the US in celebration of Independence Day, XAU/USD is trading above $3,330 at the time of writing.
Gold price (XAU/USD) trades well inside Thursday’s trading range around $3,335 during European trading hours on Friday.
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
West Texas Intermediate (WTI), futures on NYMEX, trades cautiously near $66.00 during the European trading session on Friday.
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $66.15 per barrel, down from Thursday’s close at $66.35.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.32 after its previous daily close at $68.59.
Gold prices rose in India on Friday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $66.10 per barrel during the Asian hours on Friday.
Gold price fell 0.80% on Thursday as a strong US Nonfarm Payrolls report strengthened the US Dollar, leading market participants to believe it unlikely that the Fed could cut rates at the July meeting. At the time of writing, the XAU/USD trades at $3,332, having reached a daily high of $3,365.
Gold (XAU/USD) is edging lower in the European session on Thursday, as markets look ahead to the US Nonfarm Payrolls (NFP) data release for June.
Gold price (XAU/USD) holds onto gains near the weekly high around $3,365 during the European trading session on Thursday. The yellow metal trades firmly ahead of the United States (USD) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
WTI Crude Prices jumped on Wednesday following news that Iran suspended its cooperation with the International Atomic Energy Agency (IAEA) and is holding gains on Thursday, despite the unexpected increase in US Oil stocks.Tehran announced on Web¡nesday that President Masoud Pezeshian approved a law
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
Central banks added a net 20 tonnes of Gold to global Gold reserves in May, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil prices moved higher yesterday, with ICE Brent settling just shy of a 3% gain on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.08 per barrel, down from Wednesday’s close at $66.75.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold price climbs cautiously during the North American session as traders brace for the release of the latest Nonfarm Payrolls (NFP) figures in the United States (US), which could be crucial for the path of interest rates set by the Federal Reserve (Fed).
West Texas Intermediate (WTI) is extending gains as the US Crude Oil benchmark rises above $65.00.
West Texas Intermediate (WTI) Crude Oil continues to trade in a narrow range on Wednesday, consolidating after a sharp selloff triggered by the Iran–Israel ceasefire, as geopolitical risk premiums unwind and traders reposition ahead of the upcoming Organization of the Petroleum Exporting Countries a
Gold (XAU/USD) price is attempting to extend its recovery as traders digest Wednesday’s Automatic Data Processing (ADP) employment report.
Gold price (XAU/USD) trades in a tight range around $3,340 during the European trading session on Wednesday. The yellow metal struggles for direction as investors await the United States (US) Nonfarm Payrolls (NFP) data for June, which is scheduled to be released on Thursday.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver price (XAG/USD) trades in a tight range around $36.00 during European trading hours on Wednesday. The white metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for June for fresh cues on the Federal Reserve (Fed’s) monetary policy outlook.
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $64.87 per barrel, down from Tuesday’s close at $64.90.
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.