Silver price (XAG/USD) edges higher for the fourth consecutive day, trading around $28.74 during the Asian hours on Thursday.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold price (XAU/USD) witnessed an intraday pullback from the vicinity of the all-time peak on Wednesday after the latest US consumer inflation figures dashed hopes for a larger interest rate cut by the Federal Reserve (Fed) in September.
West Texas Intermediate (WTI) Oil prices remain steady, hovering around $66.80 per barrel during Thursday's Asian session.
Gold fell late in the North American session, down by 0.18%, after hitting a daily peak of $2,529.
Crude oil prices at $70/bbl may well feel overdone, but there are no signs of a turnaround in the demand sentiment just yet, TDS Senior Commodity Strategist Daniel Ghali notes.
Crude Oil’s price jumps near 1.5% and recovers above $66.80 on Wednesday. The positive trading day is very welcome for the much-battered commodity, which at one point faced nearly 10% losses for September and reached its lowest level since May 4,
Silver (XAG/USD) is trading inside a broad range that stretches from the $26s to the $30s.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Gold (XAU/USD) cycles back up towards the top of its three-week range, trading just shy of $2,530 on Wednesday.
Silver (XAG/USD) trades with a mild positive bias for the third straight day on Wednesday, albeit lacks bullish conviction and is currently placed around the $28.45 region, just below the weekly high touched during the Asian session.
Gold prices advanced in the mid-North American session on Tuesday, gaining some 0.30% as traders braced for the crucial August inflation report from the United States (US).
Oil prices slumped in the past trading week, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
This skeptical assessment is primarily due to growing demand concerns after economic data from the three most important oil demand regions – the US, China and Europe – disappointed and led to an increase in risk aversion, Commerzbank’s Commodity Analyst Carsten Fritsch notes.
While Gold continues to hover near all-time highs, price action is actually weakening uptrend signals' strength, and thereby lowering the bar for CTA trend followers to liquidate their length, TDS Senior Commodity Strategist Daniel Ghali notes.
The World Platinum Investment Council (WPIC) published new forecasts for the Platinum market this morning.
Crude Oil steadies near $68.00 on Tuesday ahead of the publication of the monthly OPEC report, a key market-moving event for Oil prices. Taking into consideration the recent comments from commodity leading experts and analysts, the report should bear
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Gold (XAU/USD) is exchanging hands at around the $2,500 mark on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold.
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Silver price (XAG/USD) edges lower to near $28.30 per troy ounce during Tuesday’s Asian hours.
Gold price (XAU/USD) struggles to capitalize on the previous day's move up from the $2,485 region and ticks lower during the Asian session on Tuesday amid some follow-through US Dollar (USD) strength.
West Texas Intermediate (WTI) Oil price remains steady at around $68.00 per barrel during Tuesday's Asian trading session.
Gold gained ground on Monday as traders braced for the release of August’s inflation report in the United States (US) and looked for hints that the Federal Reserve (Fed) would cut rates by 50 or 25 basis points.
The cross-section of overnight precious metals returns is directly correlated to expectations for algorithmic buying activity for this session, TDS Senior Commodity Strategist Daniel Ghali notes.
Gold (XAU/USD) pulls back down to just below $2,500 per troy ounce on Monday after retesting its all-time highs on Friday, amid market volatility following the release of a mixed US Nonfarm Payrolls (NFP) employment report.
Silver price (XAG/USD) edges higher above $28.00 in Monday’s European session.
Crude Oil rebounds slightly on Monday after dipping lower on Friday after the US Jobs Report showed that the US economy is cooling down but not on the edge of a recession, easing the chances of a chunky interest-rate cut by 50 basis points from the US Federal Reserve (Fed) in its upcoming meeting on September 18.