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 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.
By Sagar Dua During the morning session, Brent Crude Oil prices are rising slightly after opening with a notable upward gap following last week’s negative close. The instrument is testing the 103.20 mark, while investors assess the latest U.S. labor market data. In April, nonfarm payrolls changed from 185.0 thousand to 115.0 thousand, significantly above the expected 62.0 thousand. Average hourly earnings accelerated from 3.4% to 3.6% year-on-year, although analysts had expected 3.8%, while the monthly figure remained at 0.2% compared with forecasts of 0.3%. The unemployment rate stayed unchanged at 4.3%, in line with analysts’ expectations. Investors also paid attention to the revision of inflation expectations by the University of Michigan: one-year expectations in May declined from 4.7% to 4.5%, while five-year expectations eased from 3.5% to 3.4%.
By Sagar Dua The Brent Crude Oil market continues to show high trading volumes after retreating yesterday from its recent peak of 113.00 to the 99.00 level. The situation in the Middle East remains tense, despite reports from news agencies that the United States and Iran are moving closer to a framework ceasefire agreement that would include discussions on key issues related to reopening the Strait of Hormuz and Iran’s nuclear program.
By Sagar Dua Brent Crude Oil quotes have renewed the March high of 119.15: by the end of yesterday’s trading session, the asset had gained 7.0% amid investor concerns over the prolongation of the Middle East crisis.
By Sagar Dua Rising geopolitical instability is driving higher volatility in the asset. Against this backdrop, it makes sense to stick with the neutral-to-bullish price scenario that has been in place since the beginning of the year.
By Sagar Dua Since the beginning of the month, Brent Crude Oil prices have been declining amid expectations of a settlement in the US-Iran conflict. After the two sides announced a two-week ceasefire on April 7, the situation moved into a phase of diplomatic consultations and political bargaining, and prices fell to a six-week low of 84.20 last Friday. However, they have now recovered part of the lost ground, returning to the 91.00 mark due to uncertainty surrounding the next developments.
By Sagar Dua XAU/USD is consolidating near $4,719.3 per troy ounce after opening the morning session with a gap lower, as traders attempt to assess the likelihood of further escalation in the Middle East conflict.
By Sagar Dua WTI Crude Oil prices continue to move in a corrective pattern, holding near $95.85 per barrel during the Asian session amid ongoing uncertainty following unsuccessful talks on ending the Middle East crisis.
By Sagar Dua XAU/USD is showing mixed trading dynamics during the Asian session on April 7, consolidating near $4,655.0 per troy ounce, while investors remain focused on geopolitical tensions in the Middle East, which have already led to a steady rise in oil prices above $100.0 per barrel and could potentially escalate into a global economic crisis.
By Sagar Dua The XAU/USD pair is holding slightly above the key support level from the beginning of the year at $4,400.0 per troy ounce, preparing for a potential acceleration in bullish momentum and a test of the intermediate high at $4,800.0.
By Sagar Dua During the morning session, WTI Crude Oil prices are once again testing the 98.00 level after yesterday’s decline, while ongoing geopolitical tensions in the Middle East continue to provide notable support to the market.
By Sagar Dua Benchmark Brent Crude Oil prices remain in a global corrective trend near $110.0 per barrel. The market is trading on elevated volumes, and prices recently approached the 115.00 high again, reacting to rapidly shifting fundamental conditions.
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.
