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WTI drifts lower below $58.50 amid Russia-Ukraine peace hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $58.40 during the Asian trading hours on Wednesday. The WTI declines as the efforts by the US to end the Russia-Ukraine conflict send optimism of a ceasefire sooner than expected.
Silver Price Forecast: XAG/USD consolidates below mid-$58.00s, remains close to record high
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session on Wednesday and holds steady near the all-time peak touched earlier this week. The white metal currently trades below mid-$58.00s, down 0.20% for the day, through it lacks follow-through selling.
Fxstreet
Wed, Dec 3
Gold Price Forecast: XAU/USD falls to near $4,200 on profit-taking, traders await US data
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases.Fxstreet
Wed, Dec 3
Gold retreats below $4,200 as traders cash out before Fed meeting
Gold (XAU/USD) dips some 0.80% on Tuesday as traders seem to be booking profits ahead of next week's Federal Reserve (Fed) monetary policy meeting, amid a firm US Dollar. At the time of writing, XAU/USD trades at $4,193, after hitting a daily high of $4,240.Fxstreet
Tue, Dec 2
Silver price eases as profit-taking, US data anticipation weigh
Silver (XAG/USD) moves lower on Tuesday, trading around $57.50 at the time of writing, down 0.70% on the day. The white metal is easing after Monday’s solid upward move, as market participants trim exposure ahead of several key US macroeconomic releases.Fxstreet
Tue, Dec 2
Gold Price Forecast: XAU/USD faces selling pressure above $4,200 as US Dollar rebounds
Gold price (XAU/USD) is down 1% to near $4,180.00 during the European trading session on Tuesday. The yellow metal slumps after failing to hold above $4,200 as the US Dollar (USD) bounces back despite weak United States (US) ISM manufacturing Purchasing Managers’ Index (PMI) data for November.
Fxstreet
Tue, Dec 2
Gold Price Forecast: XAU/USD edges higher above $4,200 on US rate cut expectations
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts.Fxstreet
Tue, Dec 2
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