West Texas Intermediate (WTI) US Crude Oil prices rose back into near-term highs on Tuesday, pushed higher by continued escalations in the Israel-Iran conflict.
Gold prices retreated below the $3,400 level on Tuesday despite deteriorating risk appetite as overall US Dollar (USD) strength drove the yellow metal lower. Nevertheless, the escalation of the Israel–Iran conflict would likely underpin the precious metal due to its safe-haven appeal.
Spot Gold set a weekly low of $3,366.25 on Tuesday, bouncing from the level yet in the American session.
Gold price (XAU/USD) trades 0.4% higher to near $3,400 during European trading hours on Tuesday. The yellow metal edges up as demand for safe-haven assets remains firm amid conflicts in the Middle East.
Gold moves higher against the US Dollar (USD) on Tuesday, trading around $3,395 at the time of writing, bolstered by an escalation in the Israel-Iran conflict and rising safe-haven demand.
TradingKey - A recent gold price forecast report from Citigroup has drawn market attention. In a report released on June 17, the firm pointed out that due to multiple factors, gold prices may graduall
European natural Gas prices rose to their highest level since early April on Monday, after jumping by 4.8% last Friday, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil prices are rising again after President Donald Trump called for the evacuation of Tehran, ING's commodity experts Ewa Manthey and Warren Patterson note.
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
Gold is moving higher again as Trump’s Tehran warning has sparked haven buying. Prices rose above $3,400/oz in early Asian trading on Tuesday after a 1.4% slide on Monday – the biggest one day decline in a month, ING's commodity experts Ewa Manthey and Warren Patterson note.
In its monthly oil market report published on Tuesday, the International Energy Agency (IEA) noted that “in reference to Israel-Iran conflict, in the absence of major disruption, oil markets in 2025 look well supplied.”
Silver price (XAG/USD) moves higher to near $36.50 during European trading hours on Tuesday. The white metal trades firmly as the aerial war between Israel and Iran has increased demand for safe-haven assets, such as Silver.
Crude prices have been capped at the $72.00 level but remain 12% above May's range.Fears of escalating tensions between Israel and Iran are keeping downside attempts limited.Russia's Deputy Prime Minister, Novak, is pressuring the OPEC+ to reconsider output hikes.
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $70.58 per barrel, up from Monday’s close at $70.06.
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.
Silver prices are stalling above $36.00 on Monday, with bullish momentum taking a breather after a sharp multi-week rally.
WTI Oil prices are easing on Monday, retracing part of Friday’s nearly 6% surge after slipping from the key $70 level, now holding as resistance.
Gold (XAU/USD) is experiencing a mild pullback during the European session after reaching a two-month high of $3,452.72 in the Asian session on Monday.
Copper edged lower after China’s new-home prices fell the most in seven months, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold is higher at the Monday open, getting closer to a fresh all-time high, with rising tensions in the Middle East fuelling haven demand, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold (XAU/USD) is correcting lower after rejection at the $3,440 resistance area on Friday.
Oil extended gains on Monday morning as Israel-Iran attacks extended to a fourth day. On Saturday, Israel temporarily knocked out a natural gas processing facility linked to the South Pars field and targeted fuel storage tanks during strikes.
Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Crude prices have pulled back from five-month highs right above the $75.00 level on Monday, but they remain 12% above the levels seen one month ago, boosted by investors’ concern about supply disruptions stemming from the Iran-Israel war.The price of the West Texas Intermediate barrel jumped about 3
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $71.80 per barrel, up from Friday’s close at $71.61.
Gold prices remained broadly unchanged in India on Monday, according to data compiled by FXStreet.
TradingKey - The outbreak of conflict between Israel and Iran has shaken off the recent weakness in international oil prices, which surged 10% last week. Wall Street is now focused on whether this new
WTI crude oil is surging amid escalating geopolitical tensions, with Israel’s recent strikes on Iran fueling a rally that pushed prices above the $74.00 handle on Friday.