West Texas Intermediate (WTI), futures on NYMEX, gives back some of its early gains, but it still 1.6% higher at around $77.55 during the European trading session on Monday. The oil price retreats from its day’s high as fears of a prolonged global energy supply disruption have escalated.
Silver (XAG/USD) appreciates for the second consecutive day on Monday, trading around $64.30 after confirming above July’s peak in the $63.30 area.
Rabobank’s Bas van Geffen notes that talks on reopening Hormuz are progressing slowly, with Iran adding new conditions on the United States (US), keeping geopolitical risk elevated for Oil.
TradingKey - Na sessão asiática de 10 de agosto, os preços do ouro ( XAUUS D) estenderam a tendência da semana passada para esta semana após uma forte alta na semana passada, com o preço mais recente
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note amid the US-Iran standoff over the reopening of the Strait of Hormuz.
Gold prices fell in India on Monday, according to data compiled by FXStreet.
TradingKey - Na segunda-feira, os preços internacionais do petróleo continuaram a subir, com o mercado mantendo o foco nas perspectivas de navegação pelo Estreito de Ormuz e nos desdobramentos no Orie
Silver price (XAG/USD) trades in a tight range at around $63.50 during the Asian trading session at the start of the week. The white metal struggles for a direction but is close to an almost seven-week high of $65.16 posted on Friday.
TradingKey - Ouro spot ( XAUUSD) ultrapassou a marca de US$ 4.350 em 7 de agosto, no horário do Leste, e caminha em direção a US$ 4.400. Isso também marca a primeira vez que o ouro retorna a esse pata
Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high.
Gold (XAU/USD) skyrockets on Friday, gaining over 2.30% in the day and more than 7% in the week after US jobs data was mixed, with a softer Nonfarm Payrolls print while the Unemployment Rate remained steady.
Gold (XAU/USD) is gaining momentum on Friday, trading above $4,350 after the United States (US) Bureau of Labor Statistics (BLS) released the Nonfarm Payrolls (NFP) report. Bitcoin (BTC) shows signs of a steady recovery above $65,000, buoyed by growing risk-on sentiment.
Norman Liebke at Commerzbank has revised Gas and German power price forecasts higher, citing tighter European storage, increased reliance on LNG and structural constraints on Qatari exports. The phase-out of Russian Gas from 2027 adds upside risk.
TD Securities strategists Ryan McKay and Bart Melek highlight that strong discretionary and Asian buying is supporting Gold, even as CTA (Commodity Trading Advisors) positioning has plateaued.
ING Commodities Strategist Ewa Manthey highlights that Copper has surged back near record highs as traders accelerate shipments into the US ahead of potential import tariffs, tightening physical markets and draining LME inventories.
Silver (XAG/USD) jumps nearly 4% on Friday as buying accelerates following a decisive break above the 50-day Simple Moving Average (SMA) near $62. At the time of writing, the grey metal trades around $63.94 after briefly testing the $65 psychological mark.
Silver (XAG/USD) extends its strong rally on Friday, trading around $64.10 at the time of writing, up 4.16% on the day.
Oil prices are trimming gains on Friday, with the barrel of the US benchmark West Texas Intermediate (WTI) trading just below $76.00 at the time of writing, on track for a 10% weekly decline.
Gold (XAU/USD) extends its recovery on Friday as technical buying accelerates, even as market sentiment remains cautious due to developments in the Middle East and uncertainty over the Federal Reserve’s (Fed) interest-rate outlook.
MUFG’s Michael Wan notes that Oil has spiked on renewed tensions in the Strait of Hormuz, even as Brent remains below US$85/bbl. He highlights Iran’s proposed restrictions on US and Israeli ships and regional conflict risks.
Gold (XAU/USD) resumes its bullish trend on Friday, after a brief consolidation on Thursday, to reach fresh three-week highs above $4,300, with bulls aiming for mid-June highs in the $4,380 area.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $64.34 per troy ounce, up 4.58% from the $61.52 it cost on Thursday.
TradingKey - Até a sessão europeia de 7 de agosto, os preços do ouro ( XAUUSD) estenderam seu forte desempenho recente, subindo mais de 1% intradia para ultrapassar brevemente a marca de US$ 4.300. Co
Rabobank’s Joe DeLaura details how renewed United States (US)–Iran tensions and disruptions at the Strait of Hormuz have driven a sharp rally and subsequent correction in Brent and West Texas Intermediate (WTI).
ING’s Warren Patterson and Ewa Manthey report Copper trading comfortably above $14,000/t, close to record highs, supported by tariff-related stockpiling into the US and tight physical markets elsewhere. They flag low inventories, constrained mine supply and ongoing disruptions as key supports.
OCBC’s Sim Moh Siong and Christopher Wong note Gold has retained most recent gains after breaking key resistance, supported by lower Oil, softer yields, central bank and ETF buying and technical factors.
West Texas Intermediate (WTI), futures on NYMEX, extends Thursday’s recovery move slightly to near $77.80 during the day. The Oil price underperformed in the last two weeks on hopes of the Strait of Hormuz reopening, a critical chokepoint to almost 20% of global energy supply.
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Silver price (XAG/USD) trades 1% higher to near $62.20 during the Asian trading session on Friday. The white metal rises ahead of the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.
West Texas Intermediate (WTI) oil price remains steady after registering modest gains in the previous day, trading around $77.50 per barrel during the Asian hours on Friday.