Analysis

U.S. crude oil futures moved off lows in post-settlement trading Tuesday after the American Petroleum Institute reported a surprise decline in weekly domestic crude stocks.

Investing.com-- Oil prices steadied in Asian trade on Tuesday as traders sought to gauge the impact of Tropical Storm Francine on U.S. oil production, while concerns over sluggish demand remained in play. 

Silver price (XAG/USD) edges lower to near $28.30 per troy ounce during Tuesday’s Asian hours. Traders adopt caution ahead of the US inflation report scheduled to be released on Wednesday to gain insights regarding the potential magnitude of the Federal Reserve's (Fed) interest rate cut in September

Gold gains ground despite broad US Dollar strength, traders focus on the upcoming US Consumer Price Index (CPI) release.

Gold price (XAU/USD) witnessed an intraday turnaround from the vicinity of the all-time peak and dropped back below the $2,500 psychological mark following the release of the key US monthly employment details on Friday.

Silver price (XAG/USD) inches higher to near $28.00 per troy ounce during the Asian session on Monday. The non-yielding assets like Silver gains ground as weak US jobs data increase the likelihood of a 25 basis-point rate cut by the Federal Reserve (Fed) at its September meeting.

Silver price (XAG/USD) extends gains for the third successive day, trading around $28.90 per troy ounce during the early European hours on Friday.

Gold is trading near all-time highs, awaiting the NFP release just weeks ahead of the highly-anticipated start of a rate cutting cycle, TDS Senior Commodity Strategist Daniel Ghali notes.

Investing.com -- Oil prices reversed gains Thursday, shrugging off a much larger decline in weekly crude stocks and OPEC+ delaying plans to ramp up output by two months.

Gold rises above $2,500, peaking at $2,523 before profit-taking ahead of key US economic data.

Silver price (XAG/USD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce during Thursday’s European hours.

West Texas Intermediate (WTI) US crude Oil prices trade with a mild positive bias, just above the $69.00/barrel mark during the early European session on Thursday, albeit lack bullish conviction.

Gold recovers after the release of under par US job’s data stokes fresh concerns about a hard landing. 

Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the $2,472-2,471 area or a nearly two-week low and oscillates in a narrow trading band during the Asian session on Thursday.

Silver price (XAG/USD) trades with a mild bearish bias near $28.25 on Thursday during the early Asian session. USD rebound and China’s growth pessimism drag the Silver price lower, but firmer Fed rate cut bets might cap its downside. 

Silver price recovers in late trading on Wednesday, gains over 0.74%, and trades at $28.21 at the time of writing.

U.S. crude oil futures inched off lows post-settlement trading Wednesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stocks.

West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $69.40 per barrel during the Asian session on Wednesday.

U.S. oil futures opened modestly higher with the Crude Oil WTI Futures crude oil futures trading about 0.3% higher at $70.32.

Gold (XAU/USD) edges lower into the $2,490s on Tuesday as a measure of market calm descends, which does little to drive up demand for safe-haven Gold.