Gold (XAU/USD) trades moderately higher on Wednesday and returns to the $4,370 area, after finding buyers near the $4,300 area on Tuesday.
West Texas Intermediate (WTI), futures on NYMEX, trade 0.55% higher at around $84.80 during the European trading session on Wednesday.
Silver (XAG/USD) stabilizes around $63.45 on Wednesday, up 0.16% on the day at the time of writing. The white metal is attempting to regain its footing after hitting an intraday low of $62.19, initially extending the pullback that followed Tuesday’s rejection from the $66.50 area.
Gold (XAU/USD) regains ground on Wednesday after falling nearly 2% on the previous day. A softer US Dollar (USD) and a modest pullback in long-term US Treasury yields lend support to the precious metal. At the time of writing, XAU/USD trades around $4,366, up 0.75% on the day.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $63.10 per troy ounce, down 0.38% from the $63.35 it cost on Tuesday.
ING’s commodities team highlights that Copper prices on the LME have retreated sharply, falling below $14,000/t as a significant increase in on-warrant inventories eases the previous supply squeeze.
OCBC’s Sim Moh Siong and Christopher Wong note that Gold’s rebound has lost momentum as renewed Oil gains and higher long-end US yields revive inflation concerns. Daily charts show fading bullish momentum and a lower Relative Strength Index (RSI) from near overbought levels.
ING strategists Ewa Manthey and Warren Patterson note that Oil prices have risen for a fourth straight session, supported by US-Iran tensions and concerns over shipping through the Strait of Hormuz.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a nearly three-week high during the Asian session on Wednesday, though it struggles to build on the momentum beyond the $85.00 mark.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold (XAU/USD) rebounds from the weekly low, which it touched during the Asian session on Wednesday, and climbs above $4,350 in the last hour.
Silver price (XAG/USD) is down 0.5% to near $63.00 during the Asian trading session on Wednesday. The white metal extends its Tuesday’s decline amid fears of prolonged inflation concerns on the back of continued energy supply disruption.
Gold price (XAU/USD) holds steady near $4,335 after pulling back from an early-June top near $4,450 during the early Asian trading hours on Wednesday. The precious metal faced some selling pressure in the previous session as Treasury yields surged to their highest levels in decades.
Gold (XAU/USD) retreats on Tuesday as US Treasury yields keep their momentum, while energy prices rise further amid a lack of progress in talks between the US and Iran. XAU/USD trades at $4,364, down over 1.10%.
Silver (XAG/USD) edges lower on Tuesday, remaining confined within a week-old trading range as bullish momentum softens following the recent rally. At the time of writing, XAG/USD trades around $63.96, down 2.77% on the day.
Commerzbank’s Barbara Lambrecht highlights that Copper prices on the LME are close to record highs, with an unusually large cash–3‑month spread driven by falling LME stocks and tariff-related pre‑emptive buying in the US.
TD Securities’ commodity strategy team maintains a bullish view on Oil, citing persistent tightness and Strait of Hormuz tensions.
West Texas Intermediate (WTI) holds firm on Tuesday after jumping almost 3% the previous day. The lack of progress toward reopening the Strait of Hormuz keeps a geopolitical risk premium in energy markets.
Commerzbank’s Carsten Fritsch notes that Gold remains around USD 4,400 per ounce even as US Treasury yields rise back toward late-July levels, decoupling from real interest rates.
Gold prices continue to draw support from expectations that the Federal Reserve will hold interest rates steady through the remainder of the year after softer US inflation and employment data.
TD Securities analysts describe Copper’s current strength as driven by speculative positioning, tariff-related arbitrage and supply disruption headlines rather than genuine global shortage.
TD Securities strategists see Gold supported by doubts over the Federal Reserve (Fed) but with limited near-term upside.
Silver (XAG/USD) declines on Tuesday and trades around $65.00 at the time of writing, down 1.20% on the day. The white metal nevertheless remains trapped within the consolidation range that has dominated trading for about a week, as opposing forces prevent a clear direction from emerging.
Geoff Yu at BNY notes Brent crude briefly rose above $91.85 per barrel, its highest in over three weeks, as hopes for a rapid reopening of the Strait of Hormuz faded.
ING analysts Ewa Manthey and Warren Patterson highlight that LME Copper has pushed above $14,000/t, approaching record highs as nearby market conditions tighten.
Gold (XAU/USD) attracts sellers on Tuesday, snapping a two-day winning streak as a firmer US Dollar (USD) and rising long-term US Treasury yields weigh on the precious metal. At the time of writing, XAU/USD trades around $4,393, down 0.50% on the day.
Gold (XAU/USD) shows moderate losses on Tuesday, weighed by higher US Treasury yields and a risk-averse sentiment, which has triggered a mild US Dollar recovery.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.97 per troy ounce, down 1.25% from the $65.79 it cost on Monday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – extends its consolidative price move through the first half of the European session and currently trades near the $84.25-$84.30 area, close to a two-week high set earlier this Tuesday.