Commodities

WTI extends upside above .00 as Israel-Iran conflict deepens

WTI extends upside above $72.00 as Israel-Iran conflict deepens

WTI price rises to near $72.15 in Monday’s early Asian session. Concerned over wider conflict between Iran and Israel that could disrupt supplies support the WTI price.  Trump’s tariff uncertainty might cap the WTI’s upside. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.15 during the Asian trading hours on Monday. The WTI […]

Gold prices head higher as USD gains remain limited

Gold prices head higher as USD gains remain limited

Gold prices extend their gains, heading toward the $3,350 psychological level. The United States and China continue trade talks in London, but USD appreciation is limited. USD and Gold price action are expected to be influenced by US-China talks ahead of Wednesday’s US inflation data. Gold prices are trading firm against the US Dollar (USD)

Gold prices await London talks between the US and China

Gold prices await London talks between the US and China

Gold edges higher as persistent trade tensions and the safe-haven appeal of precious metals boost prices. US-China trade talks are scheduled for Monday, remaining a key catalyst for Gold and US Dollar prices. Gold prices rise above $3,300 with resistance at $3,350. Gold prices remained at an elevated level on Monday, despite the start of

XAG/USD rises above .00 on economic uncertainty, industrial demand

XAG/USD rises above $36.00 on economic uncertainty, industrial demand

Silver price gains momentum to near  $36.00 in Monday’s early early Monday Investors look to broaden their exposure to safe-haven assets beyond gold, supporting the Silver price.  The stronger US May employment report might lift the USD and cap the white metal’s upside.  The Silver (XAG/USD) price trades in positive territory around $36.00 during the

Gold softer after small victory for EU on US tariffs

Gold softer after small victory for EU on US tariffs

Gold price resides below $3,340 on Monday, and takes back some of Friday’s gains.  Markets rejoice and head into risk-on tone after Trump announced a delay on EU tariffs until July 9.  US debt concerns are in the background but remain lingering, capping the downside for the precious metal.  Gold (XAU/USD) price slips on Monday

Gold softer after small victory for EU on US tariffs

Gold price in United Arab Emirates: Rates on May 26

Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 395.50 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 396.53 it cost on Friday. The price for Gold decreased to AED 4,613.08 per tola from AED 4,625.02 per tola on

XAU/USD holds below ,350 as trade war eases

XAU/USD holds below $3,350 as trade war eases

Gold price edges lower to $3,335 in Monday’s Asian session.  Trump set a July 9 deadline for a trade deal with the European Union.  Renewed inflation concerns and recession fears might help limit the Gold’s losses.  The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of

WTI declines to below .00 on potential OPEC+ output hike

WTI declines to below $61.00 on potential OPEC+ output hike

WTI price drifts lower to near $60.75 in Friday’s early Asian session.  Oil inventories rose by 1.328 million barrels in the week ended May 16, according to the EIA.  The US and Iran will hold fresh nuclear talks on Friday.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian

Gold on the rollercoaster – Commerzbank

Gold on the rollercoaster – Commerzbank

“The price of Gold went on a bit of a rollercoaster ride on Thursday, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. Gold Swings $100 as trade tensions ease, inflation cools “After briefly dipping towards $3,120 per troy ounce, it recovered by more than $100 at times over the course of the

Gold price in Pakistan: Rates on May 16

Gold price in Pakistan: Rates on May 16

Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 29,134.04 Pakistani Rupees (PKR) per gram, down compared with the PKR 29,333.40 it cost on Thursday. The price for Gold decreased to PKR 339,813.20 per tola from PKR 342,139.00 per tola a day earlier. Unit measure

XAG/USD slides back closer to mid-.00s; down nearly 1% for the day

XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day

Silver drifts lower on Wednesday, though the mixed technical setup warrants caution for traders. The recent repeated failures to breakout through a descending channel resistance favor bears. The formation of a bullish flag pattern supports prospects for the emergence of some dip-buying. Silver (XAG/USD) extends the previous day’s retracement slide from the $33.20-$33.25 resistance zone

Gold price gains as Greenback loses popularity as safe haven

Gold price gains as Greenback loses popularity as safe haven

Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision.  Geopolitical risks coming from Trump and Israel are pushing investors back into Gold. The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time

WTI price bullish at European opening

WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $63.19 per barrel, up from Friday’s close at $62.97. Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.90. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on

Gold softer after small victory for EU on US tariffs

Gold price in Saudi Arabia: Rates on April 22

Gold prices rose in Saudi Arabia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 420.26 Saudi Riyals (SAR) per gram, up compared with the SAR 413.08 it cost on Monday. The price for Gold increased to SAR 4,902.14 per tola from SAR 4,818.14 per tola a day earlier. Unit

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