Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $77.45 per troy ounce, down 7.13% from the $83.40 it cost on Friday.
Silver price (XAG/USD) extends its losses after declining by 28.45% in the previous session, trading around $77.80 per troy ounce during the European hours on Monday.
Deutsche Bank's report, authored by Jim Reid, highlights a major sell-off in Gold, with a decline of 8.95%, marking its largest daily drop since 2013. The report attributes this volatility to the nomination of Kevin Warsh as Fed Chair, which has raised hawkish expectations.
Gold prices experienced a significant decline, dropping 9% last Friday, marking one of the most extreme single-day moves in years. The sell-off was attributed to forced liquidations and momentum unwinding, reflecting rapid de-risking by systematic traders.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the early European trading hours on Monday. The WTI price falls by 5.65% on easing US-Iran tensions. Traders will closely monitor the developments surrounding US-Iran negotiations.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Silver price (XAG/USD) trades cautiously at around $80 during the Asian trading session at the start of the week, slightly above the fresh four-week low of $73.33 posted on Friday.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep its oil output unchanged for March at a meeting on Sunday. The group announced that the next meeting will take place on March 1.
Gold price (XAU/USD) tumbles to around $4,780 during the early Asian session on Monday. The precious metal extends the decline after reaching historic highs last week amid signs of political stability in the United States (US).
Gold price (XAU/USD) extends its losses on Friday, plunges nearly 10% to sink below $4,900 after US President Donald Trump revealed his pick for Fed Chair, while a hot inflation reading in the US justified the Federal Reserve’s (Fed) decision on Wednesday to keep rates steady.
TD Securities' Ryan McKay highlights a shift in oil market fundamentals, suggesting a potential pull-back in prices. The report indicates that a loosening of near-term fundamentals could reduce crude oil prices by at least $2-3/bbl, while geopolitical risks may also impact market dynamics.
Silver (XAG/USD) comes under intense selling pressure on Friday, posting a sharp correction after reaching a record high the previous day.
Bob Savage, Head of Markets Macro Strategy at BNY, notes a significant correction in Gold prices, driven by the nomination of Kevin Warsh as the next Fed chair, which has strengthened the U.S. Dollar. Gold fell sharply, with a 5.9% drop, while Silver and Platinum saw declines of over 10%.
Gold (XAU/USD) comes under intense selling pressure on Friday, giving back all the gains registered earlier this week as extreme volatility triggers broad-based liquidation of leveraged positions. Meanwhile, traders also lock in profits at elevated price levels.
Gold’s (XAU/USD) rally came to an abrupt halt on Thursday. The precious metal dropped nearly 10% in less than 24 hours and is trading around $5,080 at the time of writing, with the $5,000 psychological level at a short distance.
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $100.67 per troy ounce, down 13.63% from the $116.56 it cost on Thursday.
Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price.
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold price (XAU/USD) holds positive ground around $5,405 during the early Asian session on Friday. The precious metal hit a record high near $5,600 before paring gains due to profit-taking in the previous session.
Gold (XAU/USD) trims some of its earlier losses on Thursday as traders book profits following the Federal Reserve’s (Fed) monetary policy decision, which barely moved the needle as the yellow metal seems poised to record its best month since the 1980s.
Gold (XAU/USD) plummets more than 3% on Thursday amid the lack of a catalyst that has pushed Silver’s down, cooper prices retreating, and six of the Mag 7 equities getting hammered during the North American session. XAU/USD trades at $5266 after reaching a record high near $5,600.
West Texas Intermediate (WTI) Crude Oil extends its advance on Thursday, climbing to its highest level in four months as geopolitical risk premiums linked to rising US-Iran tensions underpin prices.
Silver (XAG/USD) is retreating sharply and trades around $109.40 on Thursday at the time of writing, posting a 6.50% decline on the day, after reaching a fresh all-time high at $121.66.
Brent crude has surpassed $70 per barrel for the first time since September, driven by rising tensions with Iran and broader geopolitical risks.
Another day, another all-time high for Gold (XAU/USD), which has been breaking records for nine consecutive days, showing a dizzying 20% rally in less than two weeks. The pair remains bid on Thursday, as the US Dollar seems unable to perform any significant recovery.
Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day’s solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion.
Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $116.51 per troy ounce, broadly unchanged 0.04% from the $116.47 it cost on Wednesday.