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Silver Price Forecast: Rebounds towards $60, but lower-low structure holds
Silver price surged by over 2.70% on Thursday, climbing near $60.00 as US Treasury yields retreated and the US Dollar dove by over 0.12%. At the time of writing, the XAG/USD trades at $59.94, after bouncing off daily lows of $57.59.
Fxstreet
Thu, Jul 9
WTI Price Forecast: Rejection at the 200-day SMA keeps bears in control
West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day's gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day.
Gold rebounds above $4,100 as falling Oil weighs on US Dollar
Gold (XAU/USD) price advances during the North American session on Thursday, up over 1.30% as the US Dollar (USD) retreats due to falling Oil prices amid easing tensions in the Middle East. The XAU/USD pair trades at $4,132 after bouncing off weekly lows of around $4,021 hit on Wednesday.Fxstreet
Thu, Jul 9
European natural gas: Tight storage supports prices – ING
ING’s Warren Patterson notes that European natural gas prices have held up better than Oil as LNG supply recovery has been modest and Middle East flows remain disrupted. Heatwaves have boosted demand, leaving EU storage just above 50%, well below the five-year average.Fxstreet
Thu, Jul 9
Record: Chinese investors pull $2.22 billion from Gold ETFs in June, the highest monthly outflow ever
Chinese investors sharply trimmed their Gold ETF holdings in June, exacerbating global outflows for the month, as local investor risk appetite continued to improve amid equity market gains and a weaker Gold price, data from the World Gold Council (WGC) shows.Fxstreet
Thu, Jul 9
Aluminium: Price outlook shifts lower as market rebalances – TD Securities
TD Securities strategists have downgraded its Aluminium price outlook as supply recovers and demand softens. They now expect Aluminium to average $3,378/t in 2026 and $3,281/t in 2027, projecting smaller deficits and a move toward market balance while still ruling out a major rout.
Fxstreet
Thu, Jul 9
Oil: Strait of Hormuz risks keep prices supported – BNY
BNY’s Geoff Yu highlights that Oil is back in focus as shipping through the Strait of Hormuz nears a standstill and ceasefire risks rise. iFlow data show energy equities flows stabilizing after June profit-taking, with valuations and under-ownership becoming more attractive.Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh
Gold (XAU/USD) consolidates modest gains on Thursday, although upside remains limited as renewed hostilities in the Middle East revive concerns over energy-driven inflation and reinforce expectations that the Federal Reserve (Fed) may need to raise interest rates.Fxstreet
Thu, Jul 9
Gold Price Forecast: Recoveries likely be capped as 20-day EMA slopes lower
Gold price (XAU/USD) trades 0.8% higher to near $4,110 during the European trading session on Thursday. The precious metal gains as the US Dollar (USD) is down despite a slight improvement in expectations that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.
Fxstreet
Thu, Jul 9
WTI holds above $72.00, near two-week high amid fresh US-Iran tensions
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's strong move up and enters a bullish consolidation phase near a two-week high, touched during the Asian session this Wednesday.Gold edges higher amid subdued USD demand; hawkish Fed and US-Iran tensions to cap gains
Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day.Fxstreet
Wed, Jul 8
Gold edges lower to near $4,100 on renewed US–Iran tensions
Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz.Fxstreet
Tue, Jul 7
Washington Revokes Iran's Crude Oil Waiver Nineteen Days After Granting It
The United States Treasury Department revoked the general licence authorizing Iranian Crude Oil sales on Tuesday, ending the shortest-lived sanctions relief of the ceasefire era hours after three tankers were struck in the Strait of Hormuz.Featured Tools
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