West Texas Intermediate (WTI) Crude Oil prices regain some positive traction during the Asian session on Tuesday and recover a part of the previous day's retracement slide from the vicinity of the $100.00 psychological mark.

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

Gold (XAU/USD) edges higher during the Asian session on Tuesday, though it lacks follow-through and remains close to an over three-week low, touched the previous day.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $94.20 during the early Asian trading hours on Tuesday. The WTI price rises as the Iran war shows no signs of ending soon.

Iran’s Foreign Minister, Abbas Araghchi, on Monday said his last contact with US envoy Steve Witkoff occurred before the US military strike on Iran on February 28. 

Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday. 

XAU/USD spun in a flat circle on Monday, settling close to 5,000 in a relatively contained session following last week's sharp decline from the highs.

WTI crude slid over 3% on Monday, opening near 100.00 before selling off through the session to settle below 95.00 per barrel.

TD Securities’ Senior Commodity Strategist Ryan McKay analyzes how disruptions around the Strait of Hormuz and Bab El-Mandeb are reshaping Saudi crude export risks and bypass capacity, with implications for Oil supply tightness.

ING’s Warren Patterson highlights that Oil markets are repricing for a longer disruption of flows through the Strait of Hormuz, with around 8m b/d of crude already shut in.

TD Securities’ Daniel Ghali notes persistent Chinese demand has kept the Shanghai arbitrage window open, supporting international Silver buying. Despite strong physical flows and CME warehouse draws, visible stocks remain ample relative to dealer shorts.

Gold (XAU/USD) trades broadly flat on Monday after reversing intraday losses as the US Dollar (USD) eases following its recent rally.

Silver (XAG/USD) trades around $79.70 on Monday at the time of writing, down 1.12% on the day. The white metal is under pressure as investors adopt a cautious stance ahead of this week’s monetary policy announcements from major central banks, particularly the Federal Reserve (Fed).

West Texas Intermediate (WTI), futures on NYMEX, trade slightly lower to near $98.00 during the European trading session on Monday.

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $78.94 per troy ounce, down 2.07% from the $80.60 it cost on Friday.

ING’s Warren Patterson and Ewa Manthey report that Aluminium Bahrain has begun a phased shutdown equal to about 19% of its capacity due to Strait of Hormuz disruptions.

A report by Bloomberg showed during European trade on Monday that a key port of Fujairah in the United Arab Emirates (UAE) was hit by a drone, the latest in a series of strikes threatening the country’s only export route outside the Strait of Hormuz.

Gold price (XAU/USD) loses ground for the fourth successive session, hovering around $5,000 per troy ounce during the European hours on Monday.

Standard Chartered’s Ethan Lester and Madhur Jha analyse how higher Oil prices can quickly lift global food inflation via fertiliser costs and trade bottlenecks. They note that food’s share in CPI baskets, import intensity and dietary patterns will shape country outcomes.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $97.85 during the early European trading hours on Monday. The WTI price climbs as the US President Donald Trump administration weighs military strikes on OPEC member Iran’s key oil export facilities on Kharg Island.

Iran’s Foreign Minister, Abbas Araghchi, claimed Israeli strikes on fuel depots across Tehran amount to "ecocide," citing the impact on the health of the Iranian capital’s residents, the Guardian reported on Monday. He added that Israel must be punished for its war crimes.

Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, retreats after touching a near 10-month high of 100.54 in the previous session, trading around 100.20 during Asian hours on Monday.

West Texas Intermediate (WTI) Crude Oil prices retreated from the vicinity of the $100.00 psychological mark, or a one-week high touched during the Asian session on Monday.

Silver (XAG/USD) stages a modest recovery from a nearly two-week low, around the $78.35 region touched during the Asian session on Monday, and climbs back above the $81.00 mark in the last hour.

European Union (EU) foreign ministers are meeting in Brussels to debate a potential naval response to the effective closure of the Strait of Hormuz. 

Gold price (XAU/USD) tumbles to around $4,980 during the early Asian session on Monday. The precious metal faces some selling pressure despite intense geopolitical conflict in the Middle East. Traders will closely monitor the developments surrounding the United States (US)-Israel war with Iran. 

Crude Oil Prices are roughly 3% up at the weekly opening, with the barrel of West Texas Intermediate (WTI) crude hovering around $99.

US energy secretary Chris Wright said that he expects the United States (US)–Israel war with Iran to end within “the next few weeks,” with oil supplies rebounding and energy costs declining afterwards, the Guardian reported on Sunday.

South Korea’s presidential office said in a statement on Sunday, “we will communicate closely with the US regarding this matter and make a decision after careful review.”