Gold has just wrapped up a stellar week and firmly returned to an upward trend. The latest leg higher started after news broke that the US government would reopen. On Wednesday, gold added another 1.8% just hours before President Donald Trump signed a bill to fund federal operations through January 20.
By Sagar Dua During the morning session, WTI Crude Oil prices are consolidating near the October 22 low at 58.30. Investors are waiting for the U.S. government shutdown to end and reacting to the updated OPEC forecasts released yesterday, which pushed the asset down more than 3.0%. While earlier expectations pointed to a supply deficit in 2026, OPEC now anticipates that supply and demand will reach balance thanks to gradually rising production from both the cartel and non-OPEC countries, particularly the U.S., while demand estimates for 2025–2026 remain unchanged.
By Sagar Dua The XAG/USD pair shows mixed dynamics during the Asian session, consolidating around $51.0 per troy ounce after posting strong gains earlier in the week. The rise was primarily driven by a weaker U.S. dollar following reports of an agreement to end the record-long government shutdown.
By Sagar Dua Brent crude oil prices are correcting within a short-term downtrend slightly below 64.00, as trading volumes have declined following reports of a potential U.S. government reopening.
By Elena Serdyuchenko WTI Crude Oil prices are trading below the key 60.00 level this week, weighed down by fundamental factors.
By Sagar Dua Shares of retail and pharmaceutical conglomerate Johnson & Johnson are undergoing a correction, trading near 186.00.
By Sagar Dua WTI Crude Oil prices are trading in the range of 62.37–59.95, maintaining a steady downtrend and losing 4.0–9.0% in value since the beginning of the year. The main bearish driver remains the OPEC+ decision to increase oil production by 137,000 barrels per day in December, which could push the supply surplus to 1.0–2.0 million barrels per day, according to the International Energy Agency (IEA). Meanwhile, demand remains weak amid slowing growth in China and the EU, and rising U.S. output reaching 13.8 million barrels per day to offset sanctions on Russian exports. The World Bank Group forecasts a 7.0% decline in commodity prices in 2026.
By Sagar Dua Gold prices have been correcting for the third consecutive week, trading near 4000.00 under pressure from monetary and trade factors. Last Wednesday, the U.S. Federal Reserve cut the benchmark rate by 25 basis points to a range of 3.75–4.00% and announced the end of its quantitative tightening program effective December 1. However, Fed Chair Jerome Powell later suggested that the central bank may keep policy unchanged in December, disappointing investors who had expected another rate cut before year-end. Powell noted that officials increasingly see the need for a pause to evaluate the impact of previous decisions.
By Sagar Dua Brent Crude Oil prices are trading around 64.56 following the two-sided summit between the leaders of the United States and China, which could prove pivotal in easing trade tensions between the two countries.
By Sagar Dua The XAU/USD pair is consolidating around the 4075.00 mark, awaiting new market drivers. Investors are focused on the upcoming U.S. Federal Reserve meeting scheduled for Wednesday, October 29.
By Sagar Dua The benchmark Brent Crude Oil prices are correcting within a local upward trend, holding slightly above the $64.00 mark.
By Sagar Dua The XAU/USD pair is trading above the 4140.00 support level after reaching an interim high of 4380.00. The correction is driven mainly by technical factors and was likely initiated by major market participants seeking to limit bullish momentum, while demand from medium- and long-term investors remains steady. Since the move occurred during the U.S. government shutdown, the lack of official data makes it impossible to identify the participants behind the action.
Commodities analysis looks at what drives the prices of raw materials like oil, gold, or wheat. Fundamentals mean supply and demand, production levels, weather, and geopolitics. Technicals come from the charts — trends, support and resistance zones, trading volume, and repeating patterns. By combining both, traders can gauge risk, spot opportunities, and decide when it makes sense to buy or sell.
