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.

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

Gold (XAU/USD) attracts fresh sellers following a modest Asian session uptick to the $4,350-$4,355 area and touches its lowest level since March 23 on the first day of a new week.

The Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel, the BBC reported on Monday. 

West Texas Intermediate (WTI) oil price edges lower after opening at a bullish gap, remaining in the positive territory and trading around $90.50 per barrel during the Asian hours on Monday.

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to increase production by 188,000 barrels per day (bpd) in July despite the continued closure of the Strait of Hormuz.

Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday.

US President Donald Trump said that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike back after Iran fired a salvo of missiles at Israeli targets in retaliation for an attack on the outskirts of Beirut, Reuters reported on Sunday.

Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.

Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly revised, increasing the chance of a Federal Reserve (Fed) rate hike.

United States Baker Hughes US Oil Rig Count up to 431 from previous 429

Silver (XAG/USD) falls on Friday and trades around $68.90 at the time of writing, down 6.74% on the day. The white metal is under heavy selling pressure after a stronger-than-expected US employment report boosted the US Dollar and reinforced expectations of a more restrictive Federal Reserve (Fed).

Commerzbank’s Norman Liebke and Carsten Fritsch highlight that Brent and European gas have risen on renewed US–Iran tensions, but price reactions are more muted as inventories and rerouted flows ease tightness.

ING notes US natural gas futures have firmed on supportive storage data and recovering LNG export flows after maintenance.

ING analysts Warren Patterson and Ewa Manthey highlight that Oil is trading on expectations of resumed Persian Gulf flows, which they see as overly optimistic given stalled US-Iran talks.

Commerzbank, citing Metals Focus, notes that total Gold demand is forecast to fall 2% in 2026 as weaker jewelry demand and lower central bank buying offset stronger bar and coin investment.

Gold (XAU/USD) recovers part of its earlier losses on Friday as traders reposition ahead of the US Nonfarm Payrolls (NFP) report, due at 12:30 GMT. At the time of writing, XAU/USD is trading around $4,462 after hitting an intraday low of $4,428.

Silver price (XAG/USD) claws back half of its early losses in the European trading session on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, as the United States (US) Nonfarm Payrolls (NFP) data for May is scheduled to be published at 12:30 GMT.

Gold (XAU/USD) nurses moderate losses on Friday, trading just above $4,460 at the time of writing, after failing to confirm a move above $4,500 on Thursday.