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WTI tumbles below $62.00 amid supply glut fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.85 during the early European trading hours on Tuesday. The WTI slumps amid heightened concerns over oversupply after Iraq and the Kurdish regional governments have reached a deal to restart an oil pipeline.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.83 per barrel, down from Monday’s close at $62.28.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.62 after its previous daily close at $66.09.Silver Price Forecast: XAG/USD slips below $44.00 after retreating from new 14-year highs
Silver price (XAG/USD) retreats after reaching new 14-year highs, trading around $43.80 per troy ounce during the Asian hours on Tuesday. The non-interest-bearing Silver declines amid a technical correction, along with several cautious statements from US Federal Reserve (Fed) officials on Monday.Fxstreet
Tue, Sep 23
Gold Price Forecast: XAU/USD edges higher to near $3,750 on further Fed rate cut bets
The Gold price (XAU/USD) gains momentum to near an all-time high of around $3,750 during the early Asian session on Tuesday. Growing expectations of further US Federal Reserve (Fed) rate cuts and persistent safe-haven demand amid political uncertainty underpin the precious metal.Fxstreet
Tue, Sep 23
Gold smashes record at $3,747 as Fed cut bets sink US Dollar
Gold price hit a fresh all-time high at $3,747 on Monday and appears poised to test higher prices as the US Dollar slumps, with traders anticipating further easing by the Federal Reserve (Fed) later this year. XAU/USD trades above $3,745, up more than 1.60%.Fxstreet
Mon, Sep 22
Gold Price Forecast: XAU/USD at fresh record highs, aims for $3,730 and $3,670
Gold bounced up from the $3,630 area on Friday and is extending gains on Monday, supported by a cautious market mood and hopes of further Fed easing. The precious metal is trading at $3,720, with the following potential targets at $3,730 and $3,760.The fundamental backdrop remains supportive.Fxstreet
Mon, Sep 22
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.74 per barrel, up from Friday’s close at $62.33.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $66.12.Featured Tools
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