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WTI rebounds to above $63.50 on Trump’s threat to Russian supplies, bullish inventory
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.75 during the early Asian trading hours on Thursday. The WTI bounces off a five-week low amid bullish US crude oil inventories data and geopolitical tension.
Gold price retreats as US yields rise and traders book profits
Gold price retreats in the North American session, weighed down by rising US Treasury yields, traders booking profits, and news that US President Donald Trump might name Fed Governor Adriana Kugler’s replacement toward the end of the year. The XAU/USD trades at $3,372, down 0.23%.
Fxstreet
Wed, Aug 6
Gold Price Forecast: XAU/USD hesitates around $3,400, still holds 20-day EMA
Gold price (XAU/USD) corrects to near $3,360.00 on Wednesday after a three-day winning streak. The precious metal retraces even as traders remain increasingly confident that the Federal Reserve (Fed) will resume its monetary-expansion cycle in the September policy meeting.Fxstreet
Wed, Aug 6
Central banks buy more Gold in June – ING
Central banks added a net 22 tonnes of Gold to global reserves in June, according to the World Gold Council. The Central Bank of Uzbekistan was the leading buyer with net purchases of 9 tonnes, breaking a four month selling streak, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Aug 6
Oil: Secondary tariff uncertainty lingers – ING
There’s still plenty of uncertainty over the US imposing secondary tariffs on buyers of Russian oil. Much of the noise in recent weeks has centred on India facing such tariffs. However, market chatter is growing that China’s purchases of Russian oil may come into focus next.Fxstreet
Wed, Aug 6
Silver Price Forecast: XAG/USD trades firmly near $38, awaiting new FOMC member
Silver price (XAG/USD) holds onto gains around $38.00 during the European trading session on Wednesday. The white metal trades firmly, while investors await the entry of new member into the Federal Open Market Committee (FOMC) this week.Fxstreet
Wed, Aug 6
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $64.87 per barrel, up from Tuesday’s close at $64.59.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $67.49 price posted on Tuesday, and trading at $67.82.Gold price trades with negative bias below two-week top; bullish potential seems intact
Gold price (XAU/USD) edges lower during the Asian session on Wednesday and, for now, seems to have snapped a four-day winning streak to a nearly two-week peak, around the $3,390 area touched the previous day.Fxstreet
Wed, Aug 6
WTI recovers to above $65.50 as US crude inventories drop
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.65 during the early Asian trading hours on Tuesday. The WTI recovers some lost ground after the American Petroleum Institute (API) showed US crude oil inventories fell last week.Gold price eyes $3,400 as Fed cut bets grow, Trump eyes new Fed pick
Gold price advances during the North American session as speculation grows that the Federal Reserve (Fed) could begin to cut rates at the next meeting. At the same time, investors await US President Donald Trump's appointment of a new Fed Governor. The XAU/USD trades at $3,381, up 0.20%.Fxstreet
Tue, Aug 5
Copper price searching for direction – Commerzbank
The Copper market seems to still need to settle after the US tariff surprise. The Copper price traded on the LME increased slightly yesterday after it had declined last week when US President Trump announced that only semi-finished Copper products would be affected by a sector-specific tariff.
Fxstreet
Tue, Aug 5
Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support
Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday. A moderate rebound in US Treasury yields and a somewhat firmer USD are weighing on the precious metal as the markets shift their focus away from Friday’s poor employment report.Fxstreet
Tue, Aug 5
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