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Silver Price Forecast: XAG/USD falls below $79.50 due to profit-taking
Silver price (XAG/USD) depreciates by 1.75% after three days of gains, trading around $79.30 per troy ounce during the European hours on Wednesday. The price of the grey metal declines as investors lock in profits following its rally toward record highs.
Fxstreet
Wed, Jan 7
Gold pulls back from $4,500 amid profit-taking ahead of key US macro data
Gold (XAU/USD) struggles to capitalize on its strong weekly gains registered over the past two days and faces rejection near the $4,500 psychological mark, or over a one-week high touched during the Asian session on Wednesday.
Fxstreet
Wed, Jan 7
WTI seems vulnerable below mid-$56.00s as Trump’s Venezuela oil plan fuels supply hopes
West Texas Intermediate (WTI) US Crude Oil prices extend the previous day's sharp pullback from the $58.65-$58.70 region, or over a one-week high, and attract heavy selling for the second straight day on Wednesday.Gold Price Forecast: XAU/USD extends upside to near $4,500 on Venezuela turmoil
Gold price (XAU/USD) climbs to near $4,500 during the early Asian trading hours on Wednesday. The precious metal rises by more than 1% in the day as geopolitical tensions and expectations of US rate cuts keep demand for gold high.Fxstreet
Wed, Jan 7
WTI US Oil slips as Venezuela's political turmoil, API inventory report loom
West Texas Intermediate (WTI) US Oil trades around $57.50 at the time of writing on Tuesday, down 1.25% on the day. The WTI price remains under pressure as markets try to gauge the possible consequences of recent political events in Venezuela on global Oil supply.
Gold consolidates gains as Venezuela crisis keeps investors cautious
Gold (XAU/USD) consolidates on Tuesday after posting gains of more than 2.5% the previous day, driven by a surge in safe-haven demand following United States (US) attacks on Venezuela. At the time of writing, XAU/USD is trading around $4,460, down modestly from an intraday peak near $4,475.Fxstreet
Tue, Jan 6
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