Silver (XAG/USD) extends its decline for a second consecutive day on Tuesday, trading around $60.70 at the time of writing, down 2.21% on the day.

Commerzbank’s Carsten Fritsch highlights a rapid recovery in Gulf oil production and exports following the US–Iran agreement, with Brent moving into contango and Saudi Arabia slashing its OSP for Asian buyers.

TradingKey - Em 7 de julho, horário do Leste, os conflitos geopolíticos escalaram mais uma vez, com dois confrontos militares consecutivos impulsionando uma recuperação nos preços do petróleo. Após o

TD Securities’ Ryan McKay argues that Crude Oil is far from oversupplied, with high-frequency global and Chinese balances still pointing to tightness.

Commerzbank’s Carsten Fritsch notes Gold fell to USD 4,120 per ounce after fresh Iranian attacks lifted TTF gas and Oil prices, but Fed rate expectations remain unchanged.

Geoff Yu reports that a Qatari LNG carrier was struck near the Strait of Hormuz, reviving security concerns and lifting European gas prices and Brent, WTI, Omani and Dubai crude benchmarks.

Gold (XAU/USD) stalls its recovery and trades on the back foot for a second consecutive day as a steady US Dollar (USD) and doubts over the Federal Reserve's (Fed) interest rate path keep the upside in check.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.95 per troy ounce, down 1.79% from the $62.06 it cost on Monday.

According to data from the People's Bank of China (PBoC), world’s second-largest economy China increases its Gold reserves again.

West Texas Intermediate (WTI), futures on NYMEX, trades 1% higher to near $69.40 during the European trading session on Tuesday.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

Silver price (XAG/USD) is down 1.35% to near $61.00 during the Asian trading session on Tuesday.

TradingKey - A partir da sessão asiática de 7 de julho, os preços do ouro ( XAUUSD) oscilaram e enfraqueceram perto de US$ 4.140. Do ponto de vista técnico, os preços do ouro subiram por quatro dias c

West Texas Intermediate (WTI) oil price gains ground after registering modest losses in the previous day, trading around $69.20 per barrel during the Asian hours on Tuesday. Crude oil prices receive a temporary boost following renewed geopolitical tensions in the Strait of Hormuz.

Bloomberg carried a story by an Axios reporter late Monday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz.  

Silver price retreats by over 1% on Monday, even as the Greenback and US Treasury yields edge lower, with the white metal threatening to drop below $60 for the first time this week. At the time of writing, the XAG/USD trades at $61.80, after peaking at around $63.28 earlier during the day,

Gold (XAU/USD) price retreats by some 0.50% on Monday as the Greenback remains steady despite traders repricing a less hawkish Federal Reserve (Fed) following last Thursday’s softer-than-expected jobs report. The XAU/USD pair trades at $4,153, down 0.50%.

West Texas Intermediate (WTI) has spent three weeks handing back what the war spent three months building, and the tape now reads as though February never ended.

TradingKey - À medida que o acordo de cessar-fogo temporário entre os EUA e o Irã entra em vigor e o transporte marítimo pelo Estreito de Ormuz é retomado gradualmente, o mercado global de petróleo br

BNY’s Geoff Yu notes that OPEC+ has ratified another production quota increase, extending gradual supply normalization and adding pressure on Brent and WTI.

Gold (XAU/USD) edges lower on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week's rebound from a more than seven-month low of $3,941.

West Texas Intermediate (WTI) US Oil trades around $68.30 at the time of writing on Monday, down 0.64% on the day, as investors continue to assess the global supply outlook following the latest production decisions by the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $62.02 per troy ounce, down 0.64% from the $62.42 it cost on Friday.

Commerzbank’s Dr. Henry Hao and Charlie Lay highlight a structural shift in Oil as a US–Iran interim peace deal boosts crude supply and restores shipping through the Strait of Hormuz. Seven OPEC+ members will lift output again in August, raising fears of a global crude glut.

Silver price (XAG/USD) halts its four-day winning streak, trading around $62.30 per troy ounce during the European hours on Monday. The white metal edges lower as market expectations solidify around a Federal Reserve (Fed) interest rate hike later this year.

Brent Crude Oil trade flat near $71.90 during the European trading session on Monday.

Rabobank’s Senior Market Strategist Benjamin Picton highlights that Brent has turned lower as OPEC+ eases production cuts and tanker flows through the Strait of Hormuz resume, but stresses that shipping risks remain crucial for Oil prices.

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Silver price (XAG/USD) is down 1% to near $61.80 during the Asian trading session on Monday. The white metal falls back after rising for four straight trading days.