Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction at the start of a new week as renewed hostilities in the Gulf dampen hopes for a deal to end a three-month-old war.

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

Gold (XAU/USD) attracts fresh sellers following a modest Asian session uptick to the $4,350-$4,355 area and touches its lowest level since March 23 on the first day of a new week.

TradingKey - As tensões no Oriente Médio voltaram a escalar bruscamente. Na noite de 7 de junho, horário local, em resposta aos ataques aéreos de Israel nos subúrbios ao sul de Beirute, no Líbano, o I

The Israel Defense Forces (IDF) said that it struck military targets in western and central Iran, hours after Iran fired a salvo of missiles at northern Israel, the BBC reported on Monday. 

West Texas Intermediate (WTI) oil price edges lower after opening at a bullish gap, remaining in the positive territory and trading around $90.50 per barrel during the Asian hours on Monday.

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to increase production by 188,000 barrels per day (bpd) in July despite the continued closure of the Strait of Hormuz.

Gold price (XAU/USD) recovers some lost ground to around $4,345 during the early Asian session on Monday.

US President Donald Trump said that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike back after Iran fired a salvo of missiles at Israeli targets in retaliation for an attack on the outskirts of Beirut, Reuters reported on Sunday.

Silver price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79, as the white metal registers losses of nearly 8%, poised to end the week down by almost 10%, amid a stronger-than-expected US Nonfarm Payrolls report.

Gold (XAU/USD) price collapses during the North American session on Friday as the latest Nonfarm Payrolls report in the US smashed forecasts, with figures for the last three months upwardly revised, increasing the chance of a Federal Reserve (Fed) rate hike.

United States Baker Hughes US Oil Rig Count up to 431 from previous 429

Silver (XAG/USD) falls on Friday and trades around $68.90 at the time of writing, down 6.74% on the day. The white metal is under heavy selling pressure after a stronger-than-expected US employment report boosted the US Dollar and reinforced expectations of a more restrictive Federal Reserve (Fed).

Commerzbank’s Norman Liebke and Carsten Fritsch highlight that Brent and European gas have risen on renewed US–Iran tensions, but price reactions are more muted as inventories and rerouted flows ease tightness.

TradingKey - Em 5 de junho, o Bureau of Labor Statistics dos EUA divulgou dados da folha de pagamento não agrícola (payroll) de maio que superaram significativamente as expectativas do mercado, indica

ING notes US natural gas futures have firmed on supportive storage data and recovering LNG export flows after maintenance.

ING analysts Warren Patterson and Ewa Manthey highlight that Oil is trading on expectations of resumed Persian Gulf flows, which they see as overly optimistic given stalled US-Iran talks.

Commerzbank, citing Metals Focus, notes that total Gold demand is forecast to fall 2% in 2026 as weaker jewelry demand and lower central bank buying offset stronger bar and coin investment.

Gold (XAU/USD) recovers part of its earlier losses on Friday as traders reposition ahead of the US Nonfarm Payrolls (NFP) report, due at 12:30 GMT. At the time of writing, XAU/USD is trading around $4,462 after hitting an intraday low of $4,428.

Silver price (XAG/USD) claws back half of its early losses in the European trading session on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, as the United States (US) Nonfarm Payrolls (NFP) data for May is scheduled to be published at 12:30 GMT.

Gold (XAU/USD) nurses moderate losses on Friday, trading just above $4,460 at the time of writing, after failing to confirm a move above $4,500 on Thursday.

Gold (XAU/USD) trades around $4,463 on Friday at the time of writing, down 0.26% on the day, as investors reduce exposure ahead of the release of the US May employment report.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $72.87 per troy ounce, down 1.37% from the $73.89 it cost on Thursday.

Deutsche Bank strategists highlight that Brent Oil has reversed recent gains as hopes grow for a US-Iran deal, easing stagflation concerns and pulling inflation expectations lower. They note declines in both spot and 6‑month Brent futures alongside softer US and Euro inflation swaps.

Commerzbank analysts argue that persistent geopolitical tensions in the Persian Gulf will keep Oil near $100, with restricted Strait of Hormuz traffic driving volatility.

TradingKey - Em 5 de junho, horário do leste (ET), a prata ( XAGUSD) teve seus preços sob pressão de baixa intradiária devido ao impasse nas negociações entre os EUA e o Irã, caindo brevemente para ce

Rabobank’s Senior Market Strategist Benjamin Picton stresses that Oil markets remain in focus as Brent futures fell sharply even with the Strait of Hormuz effectively closed in their baseline.

ING’s commodities team reports that Gold rebounded nearly 2%, briefly topping $4,500/oz, as a tentative Israel-Lebanon ceasefire reduced immediate geopolitical risk, before easing when Hezbollah rejected the deal.

West Texas Intermediate (WTI), futures on NYMEX, trades flat at around $91.00 during the early European trading session on Friday. The oil price consolidates even as the United States (US)-brokered ceasefire between Israel and Lebanon is proving to be fragile due to continued attacks between them.