Commerzbank has lowered its end-2026 gold price forecast to $4,800 per ounce from $5,000, while maintaining its end-2027 target of $5,200. The revision comes as gold struggles with an unusual inverse relationship with oil prices amid the ongoing Iran conflict. However, the German bank maintains its 2027 target at USD 5,200 per ounce, citing strong
Gold was little changed on Tuesday as traders weighed a partial ceasefire between Hezbollah and Israel against mixed signals on US-Iran negotiations, keeping bullion in a narrow range ahead of key US labour-market data and Federal Reserve commentary. Spot gold was steady at $4,481.53 an ounce as of 0217 GMT. US gold futures for August
Silver rose during the Asian session on Tuesday, though the move did little to change the broader technical picture as prices remained trapped below key resistance levels. XAG/USD climbed more than 1% to trade around $75.70 to $75.75 in Asia. The bounce attracted fresh buying interest, but the metal remained inside a multi-day range, with
Brent crude oil price remained in a tight range on Tuesday as investors assessed the state of the ongoing ceasefire between the US and Iran. It was trading at $94, inside the narrow range it has been at in the past few days. US and Iran quagmire continues Brent and West Texas Intermediate are in
Brent crude rose sharply on Monday as a renewed Israeli push into Lebanon unsettled oil traders already watching fragile US-Iran diplomacy and disrupted flows through the Strait of Hormuz. The global benchmark climbed 2.4% to $93.35 a barrel, while West Texas Intermediate rose to $89.78, as markets reacted to Israel’s decision to expand military operations
Gold fell in early trading on Monday as a stronger dollar and a jump in oil prices dulled demand for bullion, with investors weighing the prospect of a longer Middle East conflict and its implications for inflation and US monetary policy. Spot gold declined 0.4% to $4,518.09 an ounce as of 0306 GMT, leaving it
Silver traded near $75.60 an ounce in Asian hours on Monday as investors weighed Middle East tensions, US-Iran diplomacy and the outlook for Federal Reserve interest rates ahead of key labour-market data later this week. The metal was little changed after recent volatility, with traders reluctant to take large positions while geopolitical risks remain fluid.
Platinum price edged higher on Friday while remaining range-bound. The precious and industrial metal has been trading sideways for a week now as investors remain cautious of the developments of the US-Iran peace talks. Trump’s assertions over the week have increased hopes of an MoU; lowering inflation concerns and global crude oil prices. This has
Brent crude oil price remained in a tight range on Hyperliquid as investors waited for President Donald Trump’s “final determination” on the Iran deal. It was trading at $92.40 on Sunday, down from last week’s high of $108. Donald Trump requests edits to his ceasefire deal Brent, the global benchmark, dropped to $92.40, with a
Commerzbank AG has revised its Brent crude oil price forecast upwards for the coming quarters, citing prolonged disruption in the Strait of Hormuz and the resulting pressure on global inventories. The German bank now expects Brent to average $90 per barrel by the end of September and $85 by the end of the year, up