Selling pressure prevailed across global commodity markets during the July 30 trading session. Precious metals were a notable exception, with gold and silver advancing as investors assessed the latest Federal Reserve decision, softer US inflation data and weaker-than-expected economic growth.
By Sagar Dua XAU/USD remains well above this summer's key 4,000.0 support level and is trading around 4,419.8. Although the Middle East conflict remains one of the market's main themes, investors are also paying increasing attention to the continuing expansion of gold trading and storage infrastructure in Asia.
By Sagar Dua The FTSE 100 is showing a modest local recovery and was trading around 10,863.0 at the time of writing on August 11, while uncertainty surrounding the Middle East and the ongoing half-year and quarterly corporate earnings season continues to influence sentiment.
By Sagar Dua WTI Crude Oil futures remain above the key $80.00-per-barrel level, with prices continuing to react sharply to developments surrounding the Strait of Hormuz and the broader Middle East situation.
By Sagar Dua After yesterday’s decline stopped above the recent low near 80.00, benchmark Brent Crude Oil is correcting slightly above 84.00. Trading activity remains elevated, while prices continue to react primarily to conflicting diplomatic signals from Washington and Tehran and uncertainty surrounding shipping through the Strait of Hormuz.
By Sagar Dua During the Asian session, XAU/USD is consolidating near 4,014.01, reflecting a balance between demand for safe-haven assets and a stronger US Dollar. Market participants are refraining from opening large positions while awaiting new macroeconomic signals and further developments in the Middle East. The precious metal ended last week with a moderate decline as the US currency strengthened amid increased demand for the Dollar as a global reserve asset during the regional escalation.
By Sagar Dua WTI crude oil prices are posting moderate gains on Tuesday morning, July 14, extending the strong bullish momentum of the previous trading session and holding close to their highest levels since June 16.
By Sagar Dua During the morning session, the XAU/USD pair is recovering after a bearish start to trading this week, testing the 4125.00 level, while investors analyse another escalation of the geopolitical situation in the Middle East.
By Sagar Dua Brent crude prices are showing a modest increase on the morning of Tuesday, July 7, extending the uncertain bullish momentum seen last week. At the time of writing, the instrument is testing the 72.50 level for a potential upside breakout, while market participants continue to monitor developments in the fragile negotiation process in the Middle East.
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.
