Gold (XAU/USD) edges lower on Thursday after failing to find acceptance above $4,400, with Oil prices nearing the key $100 level and global yields rallying ahead of a string of monetary policy decisions from most of the world’s major central banks.
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.68 per troy ounce, down 0.93% from the $67.31 it cost on Wednesday.
Deutsche Bank’s Henry Allen and colleagues note Brent Oil has broken above $100 per barrel for the first time since July as US-Iran strikes escalate and concerns grow over the Strait of Hormuz reopening.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.20 during the early European trading hours on Thursday. WTI falls as traders book some profits.
Silver (XAG/USD) struggles to capitalize on a modest intraday uptick to the $68.00 neighborhood and trades near the lower end of its daily range during the early European session on Thursday.
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Silver price (XAG/USD) trades higher at around $67.60 during the Asian trading session on Thursday. The white metal reflects strength as the US Dollar is under pressure ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
Gold price (XAU/USD) recovers to near $4,400, snapping the three-day losing streak during the early Asian session on Thursday. The precious metal gains ground amid a weaker US Dollar (USD).
West Texas Intermediate (WTI) settled just above $94.00, up better than 2% and at its best level since May 22.
Silver price makes a U-turn on Wednesday and rises over 3.40%, as the Greenback weakens, putting the confirmation of a ‘head-and-shoulders’ chart pattern on hold, which has formed since mid-August. The XAG/USD trades at $68.00 after rebounding off $65.31.
Bitcoin (BTC) holds above $79,000, maintaining resilience on Wednesday as the broader cryptocurrency market consolidates gains. Gold (XAU) is steady above $4,400, underpinned by a measured shift toward risk-on sentiment among investors.
Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instruments.
TD Securities’ commodity strategists Ryan McKay and Bart Melek note that WTI Crude continues to grind higher as conflict with Iran shows no sign of resolution.
West Texas Intermediate (WTI) US Oil extends its advance on Wednesday and trades around $93.85 at the time of writing, up 1.77% on the day.
TD Securities’ Ryan McKay and Bart Melek say Gold and broader precious metals have held firm despite higher near-term Fed hike probabilities.
Silver (XAG/USD) rebounds on Wednesday and trades around $67.50 at the time of writing, up 2.64% on the day.
Gold (XAU/USD) rebounds on Wednesday, snapping a three-day losing streak, but struggles to extend its recovery.
Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $66.58 per troy ounce, up 1.23% from the $65.76 it cost on Tuesday.
ING’s commodities team notes Copper has surged to fresh records on the LME, with three‑month futures nearing $14,800/t, as traders position for potential US tariffs on refined Copper imports.
Crude prices maintain their bullish tone on Wednesday, as the situation in the Middle East risks escalating into an all-out regional war.
Silver (XAG/USD) builds on its intraday ascent and climbs back closer to the weekly high, around the $67.00 neighborhood during the early European session on Wednesday.
ING analysts Warren Patterson and Ewa Manthey say Oil prices are grinding higher, with ICE Brent close to $100/bbl as Middle East tensions escalate and OPEC output falls.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – touches a fresh three-month top, around the $92.50 area during the Asian session on Wednesday, though it lacks follow-through. Nevertheless, the commodity seems poised to climb further amid escalating US-Iran tensions.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.
TradingKey - Na sessão asiática de 9 de setembro, os preços do ouro (XAUUSD) mantiveram uma modesta recuperação intradiária, subindo cerca de 0,36% no dia e sendo negociados perto de US$ 4.370, recuan
TradingKey - No início das negociações na Ásia em 9 de setembro, os preços internacionais do petróleo continuaram a subir, com o petróleo Brent (UKOIL) atingindo uma máxima intradia de US$ 99,67, pert
US official said that US forces have struck multiple Iranian tankers tied to Iran’s Islamic Revolutionary Guard Corps (IRGC) in response to attempted missile attacks on a US warship, Bloomberg reported on Tuesday.
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.