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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
Aug 6, 2025
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
Aug 6, 2025
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
Aug 5, 2025
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
Aug 5, 2025
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
Aug 5, 2025
OPEC+ significantly increases oil production again in September – Commerzbank
The eight OPEC+ countries with voluntary production cuts decided on Sunday, as widely expected, to increase the agreed production volume in September by a further 547,000 barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Aug 5, 2025
Oil prices under pressure after weak US data – Commerzbank
Oil prices fell by another 2% yesterday after already dropping significantly on Friday. Brent traded at just $68 per barrel at times. That is around $4 less than last Thursday, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Aug 5, 2025
Silver Price Forecast: XAG/USD gains further to near $37.50 as Fed rate cut in September looks likely
Silver price (XAG/USD) extends its recovery move to near $37.50 during the European trading session on Tuesday. The white metal strengthens as traders have raised bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting.
Fxstreet
Aug 5, 2025
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