Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $53.41 per troy ounce, up 0.12% from the $53.35 it cost on Wednesday.
Chinese warehouse inventories of Silver dropped to their lowest since 2015, driven by record exports and physical tightness, pushing the Shanghai market into backwardation, ING's commodity experts Ewa Manthey and Warren Patterson note.
European Gas storage drops under 78% amid cold spells, while speculators shift to a net short position for the first time since March 2024, raising winter market risks, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Oil market is stuck between the potential for progress in Russia-Ukraine peace talks and what that would mean for Oil supply amid a broader risk-on trade as expectations grow for a December interest rate cut by the US Federal Reserve.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $58.35 per barrel, down from Wednesday’s close at $58.49.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $62.25 after its previous daily close at $62.43.
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
West Texas Intermediate (WTI) Oil price loses ground after registering more than 1% gains in the previous session, trading around $58.30 per barrel during the Asian hours on Thursday.
Gold (XAU/USD) rises sharply on Wednesday, edging up over 0.80% sponsored by falling US Treasury yields and a weaker US Dollar, as the odds for a rate cut by the Federal Reserve (Fed) remain elevated despite strong economic data in the US.
West Texas Intermediate (WTI) Crude Oil trades little changed on Wednesday, hovering near one-month lows as traders show a muted reaction to the latest US Energy Information Administration (EIA) report.
Silver (XAG/USD) moves strongly higher this Wednesday, trading around $52.45 at the time of writing, up 2.00% on the day.
Gold’s under-owned phase appears over. 13F filings show a sharp rise in institutional ETF ownership, options premia have shifted toward the ETF, and recent inflows are driven by retail-linked investors and hedge funds.
Gold (XAU/USD) edges higher on Wednesday as traders lean into a more dovish Federal Reserve (Fed) outlook, with XAU/USD trading around $4,171, near two-week highs after closing almost unchanged on Tuesday.
Gold (XAU/USD) remains trading on a firm tone on Wednesday, with price action consolidating above the $4,150 resistance area.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold is breaking historical norms. Outperformance versus the US Dollar (USD) matches a record set last year, and the 2025 range in Gold is the largest since 1980.
Industrial metals extended gains in yesterday’s trading, with LME Copper approaching the $11,000/t level amid a weakening US dollar. Expectations that the Federal Reserve will cut interest rates at its December meeting are growing once again.
European Gas prices extended their decline to an 18-month low as peace talks and mild weather forecasts pressured the market and widened the JKM–TTF spread, raising the risk of slower LNG inflows, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Oil market came under further pressure as hopes for a peace deal between Russia and Ukraine continued to grow, ING's commodity experts Ewa Manthey and Warren Patterson note.
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $58.02 per barrel, up from Tuesday’s close at $57.88.
Silver price (XAG/USD) extends its three-day recovery move to near $52.00 during the Asian trading session on Wednesday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.15 during the Asian trading hours on Wednesday. The WTI edges higher on the prospect of the US Federal Reserve (Fed) rate reduction and a weaker US Dollar (USD) broadly.
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109.
West Texas Intermediate (WTI) Crude Oil retreats on Tuesday, giving back the modest gains recorded in the previous session as traders react to reports of progress on a United States (US) brokered Russia and Ukraine peace framework.
Gold (XAU/USD) is trading practically flat on Tuesday, holding most of the gains taken on Monday.
Gold (XAU/USD) holds firm on Tuesday as traders price a greater likelihood of a Federal Reserve (Fed) interest rate cut in December following dovish-leaning remarks from policymakers.
September Copper data showed a 57,000-ton deficit, but seasonally adjusted figures point to a slight surplus, suggesting the market remains well supplied despite recent price rallies, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
The price of Gold rose to $4,155 per troy ounce this morning. Since Friday afternoon, the price has risen by more than $100. The price increase was triggered by rising expectations of an interest rate cut at the Fed's next meeting in two weeks, Commerzbank's commodity analyst Carsten Fritsch notes.