May 8, 2026 9:43 am
Key Moments Brent crude traded at $101.26 a barrel and WTI at $95.66 a barrel, with both benchmarks rising about 1% in early Friday dealings. The latest U.S.-Iran exchange of fire in and around the Strait of Hormuz has undermined a fragile ceasefire and dampened expectations for reopening the key energy chokepoint. The U.S. Commodity […]
Read moreMay 8, 2026 9:32 am
Key Moments Silver (XAG/USD) gains 2.6% in early European trading, approaching $80.50. Markets await US April Nonfarm Payrolls, with consensus pointing to 62K new jobs versus 178K in March. US President Donald Trump says the ceasefire with Iran remains in effect despite recent military exchanges. Silver Strengthens Ahead of US NFP Release Silver prices (XAG/USD) […]
Read moreMay 8, 2026 8:42 am
Key Moments WTI trades near $92.45 in early European hours on Friday as optimism over a potential US-Iran deal pressures prices. Ceasefire uncertainty persists after reported exchanges of fire near the Strait of Hormuz, despite US assertions that the truce remains in place. US crude inventories fell by 2.314 million barrels in the week ending […]
Read moreMay 8, 2026 7:23 am
Spot Gold traded not far from a 2-week high on Friday amid optimism the US and Iran may be nearing a peace deal. This has, to an extent, eased concerns over elevated inflation and prolonged period of high interest rates. Media reports stated that Washington and Tehran were working towards a one-page memorandum to put […]
Read moreMay 8, 2026 5:56 am
Key Moments TD Securities strategist Bart Melek links Gold’s latest downturn to an Iran-related Oil shock, higher inflation expectations, and a stronger US Dollar. Melek identifies significant long-term technical support for Gold in the $4,288–$4,000/oz range, potentially tested if Oil climbs to $150+/bbl. He projects that, once Iran-driven and Oil-related inflation pressures recede, Gold could […]
Read moreMay 7, 2026 1:48 pm
Key Moments Industrial metals, including Copper, advanced on Wednesday as signs of a potential US-Iran agreement boosted risk appetite. Flows through the Strait of Hormuz remained disrupted, affecting parts of the metals supply chain such as aluminum and sulphuric acid for copper production. ING analysts expect Copper pricing to be shaped by the interplay between […]
Read moreMay 7, 2026 1:36 pm
Key Moments TD Securities strategist Bart Melek links Gold’s latest downturn to an Iran-related Oil shock, higher inflation expectations, and a stronger US Dollar. Melek identifies significant long-term technical support for Gold in the $4,288–$4,000/oz range, potentially tested if Oil climbs to $150+/bbl. He projects that, once Iran-driven and Oil-related inflation pressures recede, Gold could […]
Read moreMay 7, 2026 8:44 am
Spot Silver extended gains to a fresh 2-week high on Thursday amid optimism the US and Iran may be moving closer to a peace deal. This has led to a significant drop in oil prices and eased concerns over elevated inflation. Media reports stated that Washington and Tehran were working towards a one-page memorandum to […]
Read moreMay 7, 2026 6:56 am
Spot Gold held near a more than 1-week high on Thursday amid optimism the US and Iran may be moving closer to a peace deal. This has led to a drop in oil prices and eased concerns over elevated inflation. Media reports stated that Washington and Tehran were working towards a one-page memorandum to put […]
Read moreMay 5, 2026 8:53 am
Spot Silver rebounded after a steep loss recorded on Monday, but elevated oil prices kept inflation concerns alive and reinforced expectations of more hawkish central bank policy settings. The uneasy ceasefire between the United States and Iran is under severe strain following a sharp flare-up of violence in the Persian Gulf on Monday. According to […]
Read more