Analysis

Silver price (XAG/USD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce during Thursday’s European hours.

West Texas Intermediate (WTI) US crude Oil prices trade with a mild positive bias, just above the $69.00/barrel mark during the early European session on Thursday, albeit lack bullish conviction.

Gold recovers after the release of under par US job’s data stokes fresh concerns about a hard landing. 

Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the $2,472-2,471 area or a nearly two-week low and oscillates in a narrow trading band during the Asian session on Thursday.

Silver price (XAG/USD) trades with a mild bearish bias near $28.25 on Thursday during the early Asian session. USD rebound and China’s growth pessimism drag the Silver price lower, but firmer Fed rate cut bets might cap its downside. 

Silver price recovers in late trading on Wednesday, gains over 0.74%, and trades at $28.21 at the time of writing.

U.S. crude oil futures inched off lows post-settlement trading Wednesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stocks.

West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $69.40 per barrel during the Asian session on Wednesday.

U.S. oil futures opened modestly higher with the Crude Oil WTI Futures crude oil futures trading about 0.3% higher at $70.32.

Gold (XAU/USD) edges lower into the $2,490s on Tuesday as a measure of market calm descends, which does little to drive up demand for safe-haven Gold.

Silver price (XAG/USD) extends its losses for the third consecutive day, trading around $28.50 per troy ounce during Tuesday’s Asian hours. The analysis of the daily chart shows that the pair is positioned within a descending channel, suggesting a bearish bias.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.30 on Tuesday.

Gold prices opened nearly unchanged amid the prospect of a rate cut by the Federal Reserve in September continues to be a major focus for investors.

West Texas Intermediate (WTI) Oil price falls for the second successive session, trading around $72.50 per barrel during Monday’s Asian hours.

Gold price (XAU/USD) softens near $2,500 on Monday during the early Asian trading hours, pressured by the stronger US Dollar (USD).

Gold (XAU/USD) edges lower to trade in the $2,510s on Friday as safe-haven demand dries up.

Silver price (XAG/USD) extends its gains for the second successive day, trading around $29.50 per troy ounce during the Asian hours on Friday. Non-yielding Silver is benefiting from a lower opportunity cost as expectations grow for a US Federal Reserve interest rate cut in September.

Gold price (XAU/USD) loses momentum amid the firmer US Dollar (USD) on Friday. The upbeat US growth report and Initial Jobless Claims have pushed back the expectation of a deeper rate cut by the US Federal Reserve (Fed) in September, which weighs on the non-yielding gold.

Investing.com-- Oil prices moved little in Asian trade on Friday amid persistent concerns over tighter supplies in Libya and Iraq, but were still nursing losses for August as traders feared a looming slowdown in demand. 

The West Texas Intermediate (WTI) Oil price continues to rise, trading around $75.50 per barrel during Friday's Asian session. This increase is driven by supply concerns in the Middle East.