ING’s Warren Patterson and Ewa Manthey highlight that central banks, led by China and Poland, continued net Gold purchases in July, supporting structural demand despite a slower pace than last year.

West Texas Intermediate (WTI) US Oil declines 1.21% on Friday and trades around $88.55 per barrel at the time of writing.

Silver (XAG/USD) consolidates with marginal losses on Friday following back-to-back daily gains, as traders avoid taking large positions ahead of the US Nonfarm Payrolls (NFP) report.

Gold (XAU/USD) moves quietly on Friday after two straight days of gains, as traders appear reluctant to take fresh positions ahead of the US Nonfarm Payrolls (NFP) report at 12:30 GMT.

Gold (XAU/USD) trades flat at the $4,470 area on Friday, as the previous two days’ rebound from $4,280 failed to find acceptance above the $4,500 psychological area.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $66.67 per troy ounce, down 0.46% from the $66.98 it cost on Thursday.

West Texas Intermediate (WTI), futures on NYMEX, drops to near $88.65 while struggling to move above the $90 mark during the European trading session on Friday.

OCBC’s Christopher Wong reports Gold rebounded over 2% towards 4510 as Waller’s comments led markets to pare September Fed hike expectations, lowering UST yields and the Dollar.

Silver price (XAG/USD) retreats to near $66.30 in the European trading session on Friday after posting a fresh five-day high near $68.00. The white metal comes under pressure ahead of the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.

ING analysts Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent above US$95/bbl, remain supported by heightened US-Iran tensions and robust Iraqi exports routed via the Strait of Hormuz.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades below the $90.00 mark during the Asian session on Friday and remains close to its highest level since July 24, touched earlier this week.

Silver (XAG/USD) edges lower during the Asian session on Friday, snapping a two-day winning streak to the weekly high set the previous day.

West Texas Intermediate (WTI) oil price moves little after registering losses in the previous day, trading around $89.50 per barrel during the Asian hours on Friday.

Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday. 

Silver price advances by some 2.45% on Thursday, boosted by dovish comments from Fed Governor Waller, which pushed the US Dollar and US Treasury yields lower. The XAG/USD trades at $66.90, after reaching a high of $67.48.

Gold (XAU/USD) rallies more than 2% on Thursday following dovish comments by Federal Reserve (Fed) Governor Christopher Waller, who advocated holding rates steady if inflation data shows the disinflation process continues.

ING’s Warren Patterson says European gas prices have climbed above EUR70/MWh as lower Persian Gulf LNG supply and strong Asian spot buying cut EU LNG imports by about 16% year-on-year between April and July.

Bitcoin (BTC) strongly rises to trade above the pivotal $80,000 level on Thursday. The Crypto King is rallying alongside broader cryptocurrency prices following the release of the United States (US) Services PMI.

TD Securities’ Ryan McKay and Bart Melek note that speculation of currency intervention and less hawkish Federal Reserve commentary have supported precious metals, with Gold moving away from nearby CTA selling triggers.

ING’s Warren Patterson revises Oil forecasts higher, highlighting tight Brent and refined product markets as Persian Gulf exports remain around half of pre-war levels.

Crude prices resumed their upside trend on Thursday after some hesitation on Wednesday, with the US benchmark West Texas Intermediate reaching session highs a few cents below $91.00 per barrel, almost 10% up on the week so far.

Gold (XAU/USD) extends its rebound on Thursday after slipping below $4,300 to a nearly four-week low on the previous day. A sharp rally in the Japanese Yen (JPY) weighs on the US Dollar (USD), helping the precious metal regain ground.

Gold (XAU/USD) is trading higher on Thursday, returning to levels above $4.400 after bouncing from three-week lows near $4,280 on Wednesday.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $65.88 per troy ounce, up 0.87% from the $65.31 it cost on Wednesday.

Silver price (XAG/USD) struggles to extend Wednesday’s strong recovery move above $66.25 during the European trading session on Thursday. The white metal could remain sideways as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday.

West Texas Intermediate (WTI), futures on NYMEX, consolidates in a tight range around $88.85 during the European trading session on Thursday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest Asian session uptick and currently trades just above the $89.00 mark, unchanged for the day.

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

Silver price (XAG/USD) extends its Wednesday recovery move on Thursday, trading 0.67% higher at around $65.70 during the European trading session. The white metal strengthens as the US Dollar (USD) declines further due to moderate job demand in the United States (US) private sector.

US Defense Secretary Pete Hegseth is extending troop deployment timelines across the Middle East, signaling the conflict could drag into 2027, the Wall Street Journal reported on Thursday.