Analysis

Tradingkey - On June 5, the U.S. Bureau of Labor Statistics released May non-farm payrolls data that significantly exceeded market expectations, indicating that the U.S. labor market remains resilient. Impacted by this, spot gold broke below the $4,400 mark. As of press time, gold was down 2.23% at $4,375.4, marking its lowest price since March 27.

TradingKey - On June 5 ET, silver (XAGUSD) prices came under intraday pressure due to the impact of stalled U.S.-Iran negotiations, at one point falling to near $71. Notably, the U.S. May non-farm payroll data is scheduled for release today; will it be enough to reverse silver’s downward trend?

TradingKey - On June 4 (ET), gold prices (XAUUSD) have recently maintained a weak trend, influenced by the ongoing volatility in U.S.-Iran tensions. As oil prices continue to climb, downward pressure on gold prices has further intensified. The market is currently awaiting the release of U.S. May non-farm payrolls data to determine the short-term direction for gold.

TradingKey — Recently, silver prices (XAGUSD) have been range-bound between $73.60 and $78.00 due to the fluctuating US-Iran situation. However, as further signals of de-escalation emerge, silver prices may resume their upward trend.

TradingKey - On Friday, May 29 (ET), gold prices (XAUUSD) maintained a rebound momentum after retesting the key support level of $4,360 on Thursday. Following signals from the U.S. and Iran that a deal is nearing completion, gold prices briefly touched $4,600.

TradingKey - On May 29, ET, U.S. President Trump held a meeting of approximately two hours with his national security team in the White House Situation Room to discuss whether to approve an interim agreement related to Iran; however, no final decision was announced following the conclusion of the meeting. The agreement aims to extend the fragile U.S.-Iran ceasefire for 60 days and pave the way for restarting Iran nuclear negotiations and reopening the Strait of Hormuz.

TradingKey - Since May, the precious metals market has continued its corrective trend. Spot gold fell below the $4,500 mark multiple times during the month before rebounding slightly, marking a significant retracement from its year-to-date highs. Spot silver briefly lost the $75 level within the month, with high-to-low volatility exceeding 15%.

TradingKey - Silver (XAGUSD) prices are currently hovering below $74 per ounce as the market lacks upward momentum.

TradingKey - During the Asian trading session on May 28, the gold price (XAUUSD) continued its downward trend, breaking below the $4,400 mark intraday to hit a low of $4,366.29. Having fallen nearly $200 over three consecutive trading days, technical analysis indicates that prices have reached a key support level near $4,360, suggesting the downward momentum may be nearing an end.

TradingKey - During the Asian trading session on May 28, spot gold briefly fell below $4,400, hitting a low of $4,396.91, its lowest level since March 27. Gold futures also declined, with U.S. gold futures for August delivery dropping to $4,431 on May 27.

Tradingkey - According to Iranian sources, a "preliminary informal document" regarding a Memorandum of Understanding (MoU) framework between Iran and the United States has been disclosed. The content covers the Strait of Hormuz, regional military deployments, and arrangements for future agreements. Driven by the de-escalation of geopolitical tensions, gold prices dropped to their lowest levels since late March. Both major crude oil benchmarks plunged: WTI crude futures hit a low of $87.77 per barrel, the lowest since April 22, while Brent crude fell to a low of $94.17 per barrel.

TradingKey - A deep dive into the U.S. government's gold reserves — and why a number frozen since 1973 suddenly matters more than ever.

TradingKey - Recently, the US Dollar Index has continued to strengthen as US-Iran tensions ease. According to reports, both sides will reopen the Strait of Hormuz approximately 30 days after reaching an agreement to end hostilities, and the ceasefire established in early April will be extended by 60 days.

TradingKey - During the Asian session on May 26, gold prices (XAUUSD) weakened under pressure after briefly touching the $4580 resistance level. Prices have maintained a weak intraday trend and may enter a new round of decline.

Gold (XAU/USD) comes under renewed selling pressure during the Asian session on Tuesday and reverses a major part of the previous day's move higher to the $4,580 horizontal resistance.

TradingKey - On May 22 (ET), silver (XAGUSD) retreated during Friday's European session following two consecutive days of gains, trading near $76.00. The price was primarily pressured by a hawkish shift in Federal Reserve policy expectations. As a non-yielding asset, silver is highly sensitive to the interest rate environment. When market expectations suggest the Fed may maintain high interest rates for a longer period—or even reconsider rate hikes amid recurring inflationary pressures—the opportunity cost of holding silver rises, subsequently reducing its investment attractiveness.

Gold price edges lower during the day as the Greenback recovers some ground amid doubts that the US and Iran could reach a deal to end the conflict, and traders are pricing in a Federal Reserve (Fed) rate hike by the end of the year. At the time of writing, XAU/USD trades at $4,518, down 0.50%.

Gold now makes up basically the entirety tokenized commodity market, according to data from a16z Crypto, whose latest report put tokenized commodities at about $5.1 billion, while tokenized gold alone sat near $5 billion. Silver and every other commodity product had only $57.6 million combined, whic

Silver (XAG/USD) remains range-bound on Friday as traders avoid aggressive positioning amid uncertainty surrounding US-Iran negotiations. At the time of writing, the white metal trades near $76.00 and is likely to close the week on a flat note.

Gold (XAU/USD) consolidates on Friday, remaining confined within this week’s trading range as investors cautiously monitor ongoing diplomatic efforts between the United States and Iran to reach a deal to end the war in the Middle East.