West Texas Intermediate (WTI) Oil extends its decline on Thursday, sliding nearly 2% as Saudi Arabia’s rerouting efforts and hopes for a faster pipeline recovery weigh on prices, even as broader Middle East supply risks stay elevated.

Gold (XAU/USD) rebounds on Thursday as the US Dollar (USD) eases after climbing to a seven-week high as traders assess the Federal Reserve’s (Fed) latest monetary policy announcement.

Silver (XAG/USD) rebounds on Thursday and trades around $64.15 at the time of writing, up 1.87% on the day. The white metal benefits mainly from the pullback in Oil prices, which helps ease concerns about a renewed acceleration in inflationary pressures.

Gold price (USD) is up 1.15% to near $4,320 during the European trading session on Thursday. The precious metal gains as rally in oil prices cool down after Saudi Arabia mulls alternatives to ship energy products.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $63.96 per troy ounce, up 1.58% from the $62.97 it cost on Wednesday.

Crude prices are trading lower for the second consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) Oil trading just below $97, down from the four-month highs above $102.00 hit earlier this week and drawing closer to the bottom of the weekly trading range around $96.00. 

Silver price (XAG/USD) is up 1.8% to near $64.40 during the European trading session on Thursday. The white metal gains as oil price’s rally hits a pause as Saudi Arabia confirms exploring alternatives for shipping energy.

OCBC strategist Christopher Wong reports that Gold reversed lower after the FOMC as a stronger US Dollar (USD) and rising United States (US) yields weighed on sentiment, with the 2-year near 4.75% and the 10-year around 5%.

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

TradingKey - Na sessão asiática de 17 de setembro, os preços do ouro (XAUUSD) recuperaram-se rapidamente após caírem fortemente para US$ 4.235,44 na quarta-feira, voltando a operar acima de US$ 4.300

West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $96.60 per barrel during the Asian hours on Thursday.

US President Donald Trump is expected ‌to meet Gulf leaders on the sidelines of the UN General Assembly in New York next Tuesday to discuss the next steps in the Iran war, Reuters reported on Wednesday.

Gold price (XAU/USD) attracts some sellers to around $4,265 during the early Asian session on Thursday. The precious metal extends its downside after the US Federal Reserve (Fed) raises interest rates and signals another rate increase is likely this year. 

Spot Gold is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market Committee (FOMC) announced a 25 basis-point (bps) interest rate hike, as expected.

Silver (XAG/USD) trades under pressure on Wednesday as a stronger US Dollar and rising US Treasury yields weigh on the non-yielding metal following the Federal Reserve’s (Fed) monetary policy decision. At the time of writing, XAG/USD trades around $62.68, down 1.56% on the day.

Texas Intermediate (WTI) Oil holds near its daily low on Wednesday, showing little immediate reaction to the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, WTI trades around $97.50 per barrel, down roughly 3.3% on the day.

The United States (US) Federal Open Market Committee (FOMC)  announced a 25 basis-point (bps) interest rate hike following its two-day meeting, pushing the US Dollar (USD) firmly up against most major rivals. With this decision, the Funds Target Range (FFTR) stands floating in the 3.75%–4.00% range.

West Texas Intermediate (WTI) Oil falls on Wednesday as Saudi Arabia steps up efforts to restore flows through its East-West pipeline, which was damaged by a drone attack last week.

Silver (XAG/USD) rebounds on Wednesday and trades around $64.00 per troy ounce at the time of writing, up 1.32% on the day.

Gold (XAU/USD) rebounds on Wednesday as sellers trim their exposure ahead of the Federal Reserve’s (Fed) monetary policy announcement.

Gold (XAU/USD) trades cautiously below $4,350 on Wednesday as investors refrain from taking large positions ahead of the Federal Reserve (Fed) monetary policy decision.

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $64.54 per troy ounce, up 1.36% from the $63.67 it cost on Tuesday.

West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday.

Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz.

Silver price (XAG/USD) is up 1.8% to near $64.80 during the European trading session on Wednesday. The white metal trades firmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.

TradingKey - Durante a sessão de negociação asiática de 16 de setembro, o ouro à vista (XAUUSD) avançou rapidamente, retomando a marca de US$ 4.300/onça e atingindo US$ 4.340/onça no intraday.De acord

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $100.00 during the early European trading hours on Wednesday. WTI falls after an unexpected build in US crude inventories.

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

United States API Weekly Crude Oil Stock registered at 7.14M above expectations (-1.8M) in September 11

Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday.