Analysis

TradingKey - As of the Asian session today (June 15), gold prices (XAUUSD) gapped higher and rose over 2% intraday, driven by significant progress in U.S.-Iran negotiations. Gold has rebounded for three consecutive trading days, with the cumulative rally exceeding $300. However, it should be noted that gold faces resistance at $4,360, which may limit short-term upside potential.

TradingKey - Year-to-date, international gold prices have fallen by more than 23% from an all-time high of $5,598.75 per ounce, completely wiping out all gains for the year. Since peaking at the end of January, gold prices have closed lower for four consecutive months.

TradingKey - As of the Asian session on June 12, gold (XAUUSD) prices fluctuated and weakened near $4,180. Yesterday, gold prices briefly dipped to near $4,000 before rebounding sharply above $4,200, driven by the impending signing of a US-Iran agreement. However, with the decline for June still reaching approximately 8%, the market continues to exhibit a bearish bias.

TradingKey - Geopolitical tensions between the US and Iran have cooled abruptly. Donald Trump recently stated on social media that Iran's top leadership has approved a draft multilateral consensus agreement. Consequently, both major crude oil futures plummeted in the short term. As of press time, WTI crude futures fell over 4% to $86.20, while Brent crude futures also dropped more than 4% to $88.66.

TradingKey - On June 11, Eastern Time, driven by strong CPI data and the situation in the Middle East, gold prices (XAUUSD) dipped toward the $4,000 mark intraday, hitting a low of $4,023.76. As of today's Asian session, gold prices are fluctuating near $4,100, up 0.79% on the day.

TradingKey - During the Asian session on Thursday, spot gold fell below $4,100, hitting a low of $4,023, marking its lowest level since November 2025. Gold futures dropped to as low as $4,046 during the session. Compared to the all-time high of nearly $5,600 reached in late January, spot gold prices have declined by more than 26% cumulatively, erasing all year-to-date gains. On the macro front, U.S. May CPI data released Wednesday rose 4.2% year-on-year, the largest increase since April 2023. Although May core CPI grew by only 0.2% month-on-month—below market expectations—options market data indicates that traders maintain expectations for Federal Reserve rate hikes this year. Spot gold closed down more than 4% on Wednesday.

TradingKey - On June 10 (ET), spot gold intraday breached the $4,100 mark and neared the $4,000 psychological barrier following four consecutive sessions of selling. This decline marks the sharpest retracement since 2023.

TradingKey - The US-Iran conflict continues to escalate, driving a sharp surge in crude oil prices. On Wednesday, both Brent and WTI crude futures closed higher, surpassing $90 per barrel. During intraday trading on Thursday, oil prices rose further, with WTI futures gaining over 2% to break above $92, while Brent crude increased by 0.5% to stand above $95.

TradingKey - As of the European session today (June 10), silver continued its weak downward trend, hitting an intraday low of $63.44. Technical indicators suggest that silver prices may see further downside in the short term. Driven by strong U.S. non-farm payroll data and the conflict between Iran

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Tradingkey - On June 9, media reports citing White House officials stated that nuclear negotiations are making positive progress. Following this news, the two major crude oil futures benchmarks plunged. As of press time, WTI crude futures were down 4.04% at $87.61, erasing gains from the past two weeks; Brent crude futures fell 3.53% to $90.92. According to Al Arabiya, citing a White House official, negotiations on an agreement to prevent Iran from obtaining nuclear weapons are achieving positive results.

TradingKey - On Monday Eastern Time, U.S. President Trump issued a major statement during a tele-rally for South Carolina Senator Lindsey Graham, claiming that the U.S. will achieve a "total victory" over Iran within the next two weeks, at which time international oil prices will drop significantly.

Tradingkey - June 8. Tensions in the Iran conflict cooled abruptly, causing both major crude oil benchmarks to decline. WTI crude futures briefly retreated to approximately the $90 level; as of press time, they were up 0.86% at $91.32. Brent crude futures rose 1.65% to $94.63. On the news front, the Iranian Foreign Ministry confirmed that the Iranian military has halted strikes against Israel, but warned that if the Israel Defense Forces (IDF) continue military operations in Lebanon, Iran will resume hostilities.

TradingKey - Today (June 8), oil prices initially surged following renewed hostilities between Iran and Israel, before paring back some gains as Iran announced the cessation of military operations and market risk sentiment cooled slightly. This indicates that recent crude oil market volatility remains dominated by the situation in the Middle East.

TradingKey - During the European session on June 8, Gold (XAUUSD) extended its downward trend, breaking below $4,300 intraday to reach a low of $4,268.53. Technical analysis indicates that further downside potential has opened up, with the price potentially falling toward $4,100.

TradingKey - During Monday's Asian session, both spot and futures gold prices broke below the $4,300/oz support level. Spot gold hit an intraday low of $4,268.42, its lowest level since March 23, erasing all year-to-date gains.

TradingKey - Tensions in the Middle East have escalated sharply once again. On the evening of June 7 local time, in response to Israeli airstrikes on the southern suburbs of Beirut, Lebanon, Iran launched at least three waves of ballistic missiles at the Israeli mainland. This marks Iran's first direct attack on Israeli territory since the ceasefire between the two nations on April 8.

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?