United States API Weekly Crude Oil Stock came in at -9.119M, below expectations (-3.4M) in June 5

Trump announced on Tuesday that his military had concluded Iran shot down one of its Apache helicopters over the Strait of Hormuz during the overnight session, and that the US had no choice but to respond. Crude Oil's reaction was to fall.

Gold (XAU/USD) price plunges nearly 2% on Tuesday as tensions in the Middle East escalate afterUS President Donald Trump vowed a response to Iran's downing of a US helicopter near the Strait of Hormuz. At the time of writing, XAU/USD trades below $4,250, down 1.93% on the day.

Silver (XAG/USD) tumbles more than 3.5% on Tuesday as price action remains driven by rapidly changing headlines surrounding the Middle East war. At the time of writing, XAG/USD is trading around $65.50, its lowest level since March 23.

China’s central bank, one of the major Gold purchasers worldwide, continued to add the precious metal to its vaults in April, in a sign that demand from sovereigns remains high.

Gold (XAU/USD) shows signs of stabilization on Tuesday, supported by a softer US Dollar (USD) and lower Oil prices as signs of de-escalation in the Middle East war improve market sentiment.

Gold (XAU/USD) trades flat on Tuesday, near two-and-a-half-month lows at $4,268, with upside attempts capped below $4,360 so far.

Poland’s central bank was the top Gold buyer in April among its peers, consolidating its position as one of the world’s most active sovereigns that accumulate the precious metal.

Silver prices (XAG/USD) broadly unchanged on Tuesday, according to FXStreet data. Silver trades at $68.23 per troy ounce, broadly unchanged 0.08% from the $68.17 it cost on Monday.

West Texas Intermediate (WTI), futures on NYMEX, is down 1.8% to near $88.10 during the European trading session on Tuesday, and over 6% lower from Monday’s high of around $93.50.

Rabobank’s Global Strategist Michael Every notes that Oil prices were little changed after another sharp Middle East escalation involving Israel and Iran, as markets reverted to an ‘as you were’ stance.

OCBC’s FX Strategist Sim Moh Siong reports that Gold has come under pressure after breaking below its 200-day moving average on a more hawkish Fed narrative and oil-led inflation fears.

Silver price (XAG/USD) trades marginally lower at around $67.90 during the European trading session on Tuesday. The white metal faces slight selling pressure as investors turn cautious ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published on Wednesday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends the previous day's sharp retracement slide from the vicinity of mid-$93.00s and attracts some follow-through selling during the Asian session on Tuesday.

Gold (XAU/USD) struggles to capitalize on the previous day's late recovery from the $4,267-$4,268 region, or the lowest level since March 23, and oscillates in a narrow band during the Asian session on Tuesday.

Israeli Prime Minister Benjamin Netanyahu said the war against Iran and its Lebanon-based proxy Hezbollah “has not yet ended,” though he insisted both are weaker than ever, CNBC reported on Monday.

Gold price (XAU/USD) trades with mild losses around $4,325 during the early Asian session on Tuesday. The precious metal remains on the defensive near its lowest since March 24 amid uncertainty in the Middle East and rising bets of a US interest rate hike. 

Gold (XAU/USD) price is virtually unchanged on Monday as market mood improves due to Iran-Israel halting attacks, even though last Friday’s Nonfarm Payroll figures showed the solidness of the labor market, clearing the way for the Federal Reserve (Fed) to focus on inflation.

Silver (XAG/USD) trades modestly higher on Monday after falling nearly 8% on Friday in the wake of a stronger-than-expected US Nonfarm Payrolls (NFP) report, which reinforced expectations that the Federal Reserve (Fed) will keep interest rates higher for longer.

West Texas Intermediate (WTI) US Oil trades around $89.95 at the time of writing on Monday, up 1.57% on the day, as geopolitical tensions in the Middle East continue to support energy prices.

Gold (XAU/USD) recovers some ground on Monday after sliding to its lowest level since March, as traders assess fresh geopolitical developments in the Middle East. However, hawkish Federal Reserve (Fed) expectations continue to cap the upside.

BNY's Bob Savage reports that Brent and WTI surged around 4–5% as Iran–Israel missile exchanges raised fears of supply disruption and higher global inflation.

Gold (XAU/USD) extends losses on Monday to complete a more than 4% depreciation in the last two trading days.

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $67.02 per troy ounce, down 1.21% from the $67.84 it cost on Friday.

Danske Research Team notes that Brent Oil has surged toward USD 96 per barrel after renewed Israel–Iran hostilities, with markets reassessing regional supply risks. They highlight that the latest air strikes have undermined hopes for a broader deal to reopen the Strait of Hormuz.

Crude prices have jumped by more than $4 on Monday, with the US benchmark West Texas Intermediate (WTI) barrel trading at $92.52 at the time of writing, as tensions between Israel and Iran flare, adding new strains to an already fragile ceasefire in the area.

Societe Generale’s Michael Haigh and Jeremy Sellem argue that Oil has underperformed historical shocks despite a 14% loss in global crude supply.

Silver price (XAG/USD) extends its decline to near $66.50 during the late Asian trading session on Monday, the lowest level seen in over two months.

Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction at the start of a new week as renewed hostilities in the Gulf dampen hopes for a deal to end a three-month-old war.