West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.40 during the Asian trading hours on Wednesday. The WTI declines as the efforts by the US to end the Russia-Ukraine conflict send optimism of a ceasefire sooner than expected.
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session on Wednesday and holds steady near the all-time peak touched earlier this week. The white metal currently trades below mid-$58.00s, down 0.20% for the day, through it lacks follow-through selling.
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases.
Gold (XAU/USD) dips some 0.80% on Tuesday as traders seem to be booking profits ahead of next week's Federal Reserve (Fed) monetary policy meeting, amid a firm US Dollar. At the time of writing, XAU/USD trades at $4,193, after hitting a daily high of $4,240.
Silver (XAG/USD) moves lower on Tuesday, trading around $57.50 at the time of writing, down 0.70% on the day. The white metal is easing after Monday’s solid upward move, as market participants trim exposure ahead of several key US macroeconomic releases.
According to Shanghai Metals Market, China's leading Copper smelters have agreed to cut production by more than 10% in the coming year.
The US closure of Venezuelan airspace over the weekend has escalated tensions, but Oil production remains largely unaffected.
November saw a record number of Ukrainian attacks on Russian energy targets, with drones hitting refineries and Black Sea tankers, reducing daily processing to around 5 million barrels.
OPEC+ reaffirmed its current production strategy, maintaining voluntary cuts through Q1 2026 while planning a new capacity-based quota system for 2027, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gold (XAU/USD) edges lower on Tuesday as traders lock in some profits following Monday’s surge to six-week highs. At the time of writing, XAU/USD is trading near $4,197, down nearly 0.95% on the day.
Gold price (XAU/USD) is down 1% to near $4,180.00 during the European trading session on Tuesday. The yellow metal slumps after failing to hold above $4,200 as the US Dollar (USD) bounces back despite weak United States (US) ISM manufacturing Purchasing Managers’ Index (PMI) data for November.
West Texas Intermediate (WTI) US Oil trades around $59.20 on Tuesday at the time of writing, down 0.20% on the day.
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $56.96 per troy ounce, down 1.66% from the $57.92 it cost on Monday.
West Texas Intermediate (WTI) Oil price is neutral on Tuesday, early in the European session. WTI trades at $59.32 per barrel, not far from its Monday close at $59.32.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.25 during the Asian trading hours on Tuesday. The WTI edges slightly lower amid renewed US Dollar (USD) demand.
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts.
Gold (XAU/USD) extends its gains for the second consecutive trading session on Monday, up over 0.40% as money markets priced in a rate cut by the Federal Reserve (Fed) in the next week.
West Texas Intermediate (WTI) US Oil advances at the start of the week, trading around $59.30 at the time of writing.
Copper and PGMs stand out as traders aggressively stockpile metals, straining already thin global inventories.
Gold (XAU/USD) rallies for the second consecutive day on Monday, reaching fresh six-week highs above $4,250.
Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting.
Silver (XAG/USD) rallies further on Monday and is on track for a 15% appreciation over the last six trading days, after reaching fresh record highs at $57.88.
Copper surged to a record high on Friday amid a volatile trading session after an hours-long halt on the Chicago Mercantile Exchange disrupted markets. The renewed bullish momentum in Copper follows an upbeat CESCO Week event in Shanghai, which reinforced expectations of tighter supply.
Oil prices are trading firmer this morning, with Brent up more than 1.1% at the time of writing, following additional attacks on Russian energy infrastructure over the weekend, ING's commodity experts Ewa Manthey and Warren Patterson note.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $57.12 per troy ounce, up 1.27% from the $56.40 it cost on Friday.
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $59.51 per barrel, up from Friday’s close at $59.44.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $63.24.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.