West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.55 during the Asian trading hours on Thursday. The WTI price tumbles amid a surprise rise in US crude oil inventories and renewed demand concerns. 

Gold price plummeted for the second day out of three on Wednesday, driven mainly by an improvement in risk appetite following positive trade news linked to the United States (US).

Gold fell below $3200/oz as a pause in Chinese ETF flows and geopolitical optimism triggered a pullback—but underlying support from central banks and institutional inertia keeps downside risk asymmetric, TDS' Senior Commodity Strategist Daniel Ghali notes.

Silver price (XAG/USD) is down over 1% to near $32.15 during North American trading hours on Wednesday. The white metal faces a sharp selling pressure as demand for safe-haven assets has fizzled out, with the United States (US) and China aiming to avert a more than a month-long trade war.

United States EIA Crude Oil Stocks Change registered at 3.454M above expectations (-1M) in May 9

Gold prices remain under pressure as investors reassess the interest rate outlook and digest mixed signals from recent US economic data. At the time of writing, XAU/USD is down 2.23% on the day, trading below $3,200, extending a week-to-date decline of 4.26%. 

ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker USD following a cooler-than-expected US consumer price index (CPI) provided some tailwinds to the oil market.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

West Texas Intermediate (WTI) US Crude Oil prices remain depressed through the early European session on Wednesday and for now, seem to have snapped a four-day winning streak to mid-$63.00s, or over a two-week high touched the previous day.

Silver price (XAG/USD) Oil price halts its four-day winning streak, trading around $32.80 per troy ounce during the European hours on Wednesday. The metal’s safe-haven appeal has weakened amid easing global trade tensions.

Gold (XAU/USD) dips back to $3,225 on Wednesday as it faces renewed outflows, erasing almost all the gains registered on Tuesday.  Softer-than-expected inflation data for April released on Tuesday provided a sigh of relief for markets, with the widely-feared inflation shock from tariffs not material

Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $953.80 a troy ounce, with the XPD/USD pair easing from its previous close at $957.25.

West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $62.94 per barrel, down from Tuesday’s close at $63.23.

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

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.25 during the Asian trading hours on Wednesday. The WTI price extends its upside amid easing trade tensions between the United States (US) and China, which prompt traders to dial back odds of a recession. 

United States API Weekly Crude Oil Stock above forecasts (-2.4M) in May 9: Actual (4.287M)

Gold prices traded with a positive tone on Tuesday, following Monday’s drop of over 2.70%, exchanged hands at around $3,250, up by 0.42%. A softer-than-expected US inflation report and the trade truce between China and the US may keep Gold prices capped beneath the $3,300 figure.

Silver (XAG/USD) is hovering above the 50-day Exponential Moving Average (EMA) near $32.50 at the time of writing on Tuesday. However, the white metal experienced notable volatility, initially rallying close to 2% during the Asian session.

In April, China imported a record-breaking 2.92 million tons of Copper ore and concentrate. Over the last 12 months, a total of 28.8 million tons were imported, which is also a record high.

West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.

The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.

The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.

The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent rose by up to 4% to more than $66 per barrel, WTI to $63.6 per barrel, Commerzbank's commodity analyst Carsten Fritsch notes.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.

Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $951.00 a troy ounce, with the XPD/USD pair advancing from its previous close at $949.90.

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.53 per barrel, down from Monday’s close at $61.60.

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

West Texas Intermediate (WTI) Oil price paused its three-day winning streak, trading around $61.40 per barrel during Asian hours on Tuesday. Despite this pullback, Oil prices remain underpinned by optimism following progress in the United States (US)-China trade negotiations.

Gold prices tumbled over 3% on Monday, following improvements in risk appetite after weekend discussions between the US and China, which agreed to a 90-day tariff reduction. At the time of writing, the XAU/USD trades at $3,225, having hit a daily high of $3,326.

Brent Crude Oil has extended gains at the start of the trading week, buoyed by a temporary easing in geopolitical tensions and improving macroeconomic sentiment.