Rabobank strategist Molly Schwartz notes that Brent crude Oil dropped over 10% to $93 per barrel, slipping below $100 for the first time since October 7 after US election results that were largely priced in.

Gold (XAU/USD) extends gains on Thursday, moving further away from the year-to-date low of $3,870 touched last week. The metal attracts buyers as the US midterm election results fuel volatility across financial markets. At the time of writing, XAU/USD trades around $4,130, near two-week highs.

Oil prices are showing their sharpest weekly decline in months, as the landslide Democratic victory in the US midterm elections has boosted hopes of an end to the war against Iran.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $52.85 per troy ounce, up 1.16% from the $52.24 it cost on Wednesday.

ING strategists Warren Patterson and Ewa Manthey note that Gold has jumped back above $4,000/oz after the Democratic sweep in the US midterms, helped by lower Treasury yields, a weaker Dollar and strong central bank buying. They caution that near-term prospects remain challenging as inflation keeps monetary policy expectations tight and Middle East developments stay crucial.

Silver price (XAG/USD) gives back some of its early gains after rallying to near $53.50 on Thursday. In the European trade, the white metal is up 0.6% to near $52.50. The rally in the Silver price hits a roadblock as the US Dollar (USD) claws back some of its losses.

ING analysts Warren Patterson and Ewa Manthey say ICE Brent has sold off sharply after the Democrats’ US midterm sweep, as markets price a potentially quicker end to the Iran war and a fading risk premium. They note softer fundamentals, weakening timespreads and still-tight US product inventories, but argue the speed of the recent decline looks overdone.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.40 during the early European trading hours on Thursday. WTI falls after President Donald Trump's Republican Party lost control of Congress in midterm elections.

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

TradingKey - Na sessão asiática desta quinta-feira (5 de novembro), os preços do ouro (XAUUSD) estenderam a forte recuperação de ontem, negociados acima de US$ 4.100 no intradiário de hoje e atingindo

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.

Gold price (XAU/USD) gains momentum to near $4,065 during the early Asian session on Thursday. The precious metal rises over 3.60%, the biggest gain since mid-August, after Democrats swept the US midterm elections.

Silver price soars almost $3 US dollars, or close to 5.50%, on Wednesday as traders digest the results of the US midterm elections, which resulted in a Democratic sweep, aimed at being a counterweight to US President Donald Trump. The XAG/USD trades at $52.39 after jumping off daily lows of $48.96.

Gold (XAU/USD) rallied near 3% on Wednesday as the Greenback tumbled following the Democrats' sweep in the US midterm elections. Markets now look ahead to the release of October’s Nonfarm Payrolls data on Friday. The XAU/USD trades at $4,047, after bouncing off daily lows of $3,919.

TradingKey - Na quarta-feira, 4 de novembro, no horário do Leste dos EUA, os preços do petróleo bruto caíram acentuadamente, com o petróleo Brent (UKOIL) aproximando-se de US$ 93, em queda de mais de

West Texas Intermediate (WTI) slumps 9% on Wednesday, although the immediate trigger for the sharp decline remains unclear. The move could be linked to Democrats’ victory in the US midterm elections, which could put pressure on President Donald Trump to end the war with Iran.

Bitcoin (BTC) and Gold (XAU/USD) are gaining momentum on Wednesday, as bulls stage a comeback. BTC’s position above $80,000 signals a bullish turnaround, erasing sharp losses from the Binance hack, which impacted $6.3 billion.

Gold (XAU/USD) rallies on Wednesday, reclaiming $4,000 as the US midterm results set the stage for a divided government and raise the risk of political gridlock in Washington. At the time of writing, XAU/USD trades around $4,041, up 3% on the day.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $52.01 per troy ounce, up 4.71% from the $49.67 it cost on Tuesday.

West Texas Intermediate (WTI) depreciates after posting modest gains in the previous day, trading around $95.00 per barrel during European hours on Wednesday. Crude oil prices may appreciate as market caution emerges ahead of Washington's decision in the US-Israeli war on Iran.

Silver price (XAG/USD) surges almost 4% to near $51.85 in the European trade on Wednesday. The white metal rallies vertically after the outcome of United States (US) midterm elections, in which Democrats have won majority seats in both Houses of Federal law.

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

Iran's Islamic Revolutionary Guard Corps (IRGC) said on Wednesday that four oil ‌tankers were destroyed after hitting naval mines while trying to traverse a route described as prohibited south of the Strait of Hormuz, Reuters reported.

West Texas Intermediate (WTI) oil extends gains for the second successive day, trading around $96.10 per barrel during Asian hours on Wednesday. Crude oil prices gain as investors grappled with uncertainty surrounding ongoing peace negotiations between the US and Iran.

Gold price (XAU/USD) declines to near $3,930 during the early Asian session on Wednesday, pressured by a firmer US dollar (USD) and higher Treasury yields. Traders await the outcome of US midterm elections for fiscal policy clues.

Commerzbank’s commodity team highlights disappointing Chilean Copper output, leaving third‑quarter production at a two‑decade low. Cochilco now forecasts an 8.4% slump in 2026 output and only a modest 3% recovery in 2027. Strong US import demand offers support, but Copper prices have still fallen below USD 14,000 per ton amid broader risk aversion and tech‑stock selling.

Gold price (XAU/USD) falls on Tuesday as geopolitical tensions remain high in the Middle East, with Oil prices trimming their earlier losses, boosting the US Dollar's haven appeal due to their positive correlation. At the time of writing, XAU/USD trades at $3,926, down 0.45%.

Commerzbank notes that European gas (TTF) prices fell by up to 10% yesterday, from EUR 104 to EUR 93.5 per MWh, as hopes for a diplomatic resolution to the Iran conflict reduced the geopolitical risk premium. However, renewed US strikes on Iran have since pushed prices back toward EUR 100.

Commerzbank’s Carsten Fritsch notes that the Gold price dropped 3.7% on Friday to USD 3,870 per troy ounce, extending October’s loss to almost 7%.

Ryan McKay at TD Securities describes a precarious global Oil market where Middle East flows have returned to pre-war levels but logistics remain distorted, keeping a sizeable risk premium embedded.