Gold is experiencing its longest losing streak in 106 years — despite the escalation of the conflict around Iran. At the same time, stablecoin giant Tether could emerge as a potential support factor for the precious metal.
After XAU/USD renewed the March 24 low late last week following the publication of U.S. labor market data for May, the pair is showing a slight correction during today’s morning session, trading at 4300.15.
Brent Crude Oil quotes are trading within a global corrective trend slightly above 94.0 dollars per barrel, having retreated the day before from the recent local high of 98.00.
WTI Crude Oil quotes are correcting around 95.0 dollars per barrel amid persistent geopolitical tensions in the Middle East. Iranian forces launched ballistic missile and drone strikes on targets in Kuwait and Bahrain, while according to official Tehran, the targets were U.S. military bases and the command center of the Fifth Fleet. However, available information suggests that the facilities did not suffer significant damage.
During the morning session, XAG/USD is recovering after yesterday’s bearish impulse and is testing the 73.50 level for an upside breakout, while market participants are in no hurry to open new positions and are currently analyzing data from Automatic Data Processing published the day before. In May, private nonfarm employment increased by 122.0K, exceeding both the revised April figure of 105.0K and expectations of 117.0K, reaching the highest level since January 2025. The main driver of growth was the services sector, which added 114.0K jobs, while the goods-producing sector contributed only 8.0K.
During the morning session, WTI Crude Oil prices are correcting after a significant increase the day before, testing the 89.40 mark, while investors await further developments in the Persian Gulf region.
XAU/USD is consolidating near 4,555.00 as investors await fresh catalysts, reluctant to open new positions amid signs of progress in Middle East conflict resolution.
During the Asian session, Brent Crude Oil is holding within a global corrective trend near $95.00 per barrel, pulling back from the local high of $109.00 as investors parse contradictory signals coming out of the Middle East.
WTI Crude Oil is continuing its corrective move, holding near $100.00 per barrel during the Asian session amid persistent market uncertainty — uncertainty that has intensified following a Reuters report that Ayatollah Mojtaba Khamenei has issued a directive requiring Iran's highly enriched uranium stockpiles to remain inside the country.
XAU/USD is holding just below the key support level from the start of the year at 4,500.0: this dynamic is likely to intensify as the Asian session gets underway, with bears now potentially targeting the intermediate low at 4,400.0.
XAU/USD is showing flat dynamics, consolidating around $4,542.7 per troy ounce: yesterday the pair posted a tentative recovery, managing to pull back from the local lows seen in late March, with stronger-than-expected US wholesale inflation data serving as the key driver behind the dollar's rebound.
During the morning session, XAU/USD is correcting after a strong rise last week and is testing the 4680.00 mark for a downward breakout, while market participants assess the latest macroeconomic data from the United States.
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.