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, 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.
By Sagar Dua 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.
By Sagar Dua 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.
By Sagar Dua 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.
By Sagar Dua 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.
By Sagar Dua 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.
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.
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.
