Silver (XAG/USD) trades on a firm footing on Tuesday, hovering around $89.55 at the time of writing, up 2.90% on the day.

West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.

Ryosei Akazawa, Minister of Economy, Trade and Industry, said that he discussed the energy situation and the possibility of releasing oil reserves with G7 energy ministers in a Reuters News on Tuesday.

Commerzbank’s Carsten Fritsch highlights how Brent and WTI have reversed an initial war-driven spike and stresses that the Iran conflict and Strait of Hormuz blockade remain central for Oil, while G7 reserve releases and large OECD stocks could only temporarily offset lost Gulf supply.

TD Securities Senior Commodity Strategist Daniel Ghali highlights surprisingly weak Gold demand since the onset of the war, with OTC interest fading after the first session and volumes resembling a summer lull.

Commerzbank’s FX & Commodity Analyst Volkmar Baur highlights robust Chinese imports of iron ore and copper ore, pointing to rising domestic copper production despite negative treatment charges.

Gold (XAU/USD) trades on a firm note on Tuesday, building on the previous day’s rebound from levels near $5,000.

Commerzbank’s Thu Lan Nguyen reports that Gold has recovered as Trump’s signal of a possible end to the Iran war eased rate-hike fears.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $89.34 per troy ounce, up 2.66% from the $87.03 it cost on Monday.

West Texas Intermediate (WTI) crude oil price remains in the positive territory despite experiencing heavy volatility, trading around $86.50 per barrel during the European hours on Tuesday.

OCBC strategists Sim Moh Siong and Christopher Wong attribute Gold’s pullback toward USD5015/oz to liquidity needs and profit‑taking rather than weaker fundamentals.

Rabobank strategists Molly Schwartz and Michael Every highlight extreme volatility in Brent, which spiked towards $120 before closing below $90, driven by Saudi supply disruptions, G7 stockpile plans and US policy options.

West Texas Intermediate (WTI) Crude Oil prices regain positive traction following the previous day's dramatic turnaround from the highest level since June 2022 and climb back above the $88.00 mark during the Asian session on Tuesday.

Gold (XAU/USD) builds on the overnight goodish rebound from the vicinity of the $5,000 psychological mark and attracts some follow-through buying during the Asian session on Tuesday.

Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early Asian trading hours on Tuesday. The WTI price faces extreme volatility following a massive spike to nearly $120 per barrel in the previous session. 

Gold price (XAU/USD) trades with mild gains near $5,140 during the early Asian session on Tuesday. Persistent geopolitical risks in the Middle East provide some support to the precious metal despite recent selling pressure. 

Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.

MUFG’s Senior Currency Analyst Michael Wan assesses how higher Oil prices and a prolonged Strait of Hormuz closure could affect Bangko Sentral ng Pilipinas policy.

West Texas Intermediate (WTI) Crude Oil gained about 5% on Monday, but the headline figure disguised a wild session.

Gold (XAU/USD) trims some intraday losses on Monday after coming under heavy selling pressure at the start of the week. The mild recovery comes as the US Dollar (USD) and Treasury yields ease somewhat from recent highs as markets digest shifting macro and geopolitical drivers.

West Texas Intermediate (WTI) US Oil surges on Monday, trading around $100.70 per barrel at the time of writing, up 13.70% on the day after briefly jumping above $110 during the Asian session, its highest level since mid-2022.

Silver price (XAG/USD) claws back a majority of its early losses and recovers to near its opening price around $84.00 during the European trading session on Monday.

Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data. Silver trades at $83.83 per troy ounce, broadly unchanged 0.08% from the $83.89 it cost on Friday.

Societe Generale analysts Michael Haigh and Ben Hoff say Brent has surged above $100/bbl as Middle East supply losses deepen and flows through the Strait of Hormuz largely cease. They estimate around 17 mb/d of supply is stranded, with most OPEC+ spare capacity trapped.

Danske Bank’s Danske Research Team highlights a sharp jump in Oil prices as Middle East tensions escalate, with Brent crude quoted at USD 116/bbl. The bank notes producers shutting down output and traffic halted through the Strait of Hormuz.

BNY’s Head of Markets Macro Strategy Bob Savage notes that Gold has broken a five-week winning streak, losing 3% as the Dollar rallied and Oil surged.

Qatar’s Energy Minister Saad al-Kaabi said that the country expects all Gulf energy producers to shut down exports within weeks and drive oil to $150 a barrel, the Financial Times reported on Friday. 

West Texas Intermediate (WTI), futures on NYMEX, give back some of its early gains after surging almost 28% to a fresh three-and-a-half-year high at around $113.00 during the early European trading session on Monday.

Gold (XAU/USD) attracts heavy selling at the start of a new week and drops to a four-day low during the Asian session, though it finds some support ahead of the $5,000 psychological mark.