Gold (XAU/USD) has bounced from last week's lows below the $3,900 level, yet bulls remain unable to confirm above a previous support area around $4,045 (October 24 low), which leaves price action fluctuating without a clear bias around the $4,000 level on Monday,, with investors awaiting US manufact
Spot Gold comes under renewed pressure as China ends the VAT rebate for gold sales, raising costs for both investors and consumers, ING's commodity experts Ewa Manthey and Warren Patterson note, ING's commodity experts Ewa Manthey and Warren Patterson note.
As widely expected, OPEC+ announced another Oil supply increase of 137k b/d for December. However, the more interesting takeaway from the meeting was the group's decision to pause supply increases through the first quarter of next year, ING's commodity experts Ewa Manthey and Warren Patterson note.
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.24 per barrel, up from Friday’s close at $60.70.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $64.58.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the early Asian trading hours on Monday. The WTI rises after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) signaled a pause in output increase.
Gold price (XAU/USD) slumps to near $3,965 during the early Asian session on Monday. The precious metal extends the decline as a constructive US-China outcome reinforces global risk appetite.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday agreed to a modest oil output hike for December and a pause output increases in the first quarter (Q1) of next year, Reuters reported on Sunday.
West Texas Intermediate (WTI) US Oil price rises to $60.50 per barrel on Friday, up 0.65% on the day, extending its rebound after two sessions of subdued trading.
Silver (XAG/USD) trades little changed on Friday, hovering around $49 per ounce as investors digest the cautious message from the US Federal Reserve (Fed) and the recent diplomatic progress between the United States (US) and China.
Gold (XAU/USD) treads water on Friday, struggling to extend Thursday’s advance as investors reassess the Federal Reserve’s (Fed) monetary policy outlook following this week’s interest rate cut.
Although the price of Copper has fallen back somewhat from its recent record high, it is probably still too early for a significant correction, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen and Commerzbank's FX analyst Volkmar Baur report.
Although the price of Gold fell by almost USD 500 for a time from its record high on Monday October 20th, its reputation as a safe haven is unlikely to be tarnished in the long term. Ultimately, this merely offset the gains made in October.
Russia appears to find sufficient buyers for its Oil, Commerzbank's commodity analyst Carsten Fritsch notes.
US crude Oil inventories fell by 6.9 million barrels last week, according to the US Department of Energy, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold bounced higher on Thursday, fuelled by risk aversion following Wall Street's reversal amid fresh concerns about valuations in the AI sector.
According to a poll from Reuters, Brent crude Oil is expected to average $67.99/barrel (bbl) in 2025, marginally above September’s estimate of $67.61/bbl. United States (US) crude oil is expected to average $64.83/bbl in 2025 against $64.39/bbl forecast in September.
US Natural Gas Dec’25 futures extended their rally, rising 3.7% yesterday and gaining further this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Oil market is on track to settle lower this week as market participants digest the implications of US sanctions on Russian Oil flows.
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.07 per barrel, down from Thursday’s close at $60.12.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.95 after its previous daily close at $64.00.
West Texas Intermediate (WTI) Oil price remains subdued for the second successive session, trading around $60.00 per barrel during the Asian hours on Friday.
Silver price (XAG/USD) holds onto gains near Thursday’s high around $49.00 during the Asian trading session on Friday. The white metal trades firmly even as traders have trimmed bets supporting another interest rate cut by the Federal Reserve (Fed) this year.
Gold price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell’s hawkish comments at the press conference. Falling US Treasury yields and geopolitics boosted the yellow metal, which trades at $3,995 at the time of writing.
West Texas Intermediate (WTI) US Oil gains 0.24% on Thursday, trading around $60.40 at the time of writing, as prices continue to consolidate around $60 level since Tuesday.
The market remains fearful of another silversqueeze event down the corner, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gold is going through a mild recovery on Thursday, following a four-day losing streak.
Gold (XAU/USD) steadies on Thursday after a volatile session, as traders digest the Federal Reserve’s (Fed) interest rate cut and cautious monetary policy outlook.
Copper hit a record on the LME yesterday, topping its previous high of $11,104.50/t set in May 2024. A supportive macro backdrop, falling US Dollar (USD), rate cuts and low inventories have lifted industrial metals prices recently, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Oil market had a choppy session yesterday, still trying to digest the impact of Russian sanctions amid an increasingly comfortable balance as we head into 2026.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $59.93 per barrel, down from Wednesday’s close at $60.21.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.89 after its previous daily close at $64.20.