During today’s European trading session, which confirmed the weakness of Asian session, bullish pressure easing due to decreased geopolitical tensions. Market participants are pricing a deescalation in middle east. here’s a summary of the performance of the commodities listed:
- Gold (XAU/USD): Gold is trading lower at $2,360.27, down by $32.12 or -1.34%. It reached a high of $2,392.39 and a low of $2,351.64.
- Silver (XAG/USD): Silver saw a more significant decrease, dropping by $0.859 or -2.99% to last trade at $27.8325. The session high was $28.6915 with the low at $27.6575.
- Copper: Copper is slightly up by $0.013 or 0.29%, with its last price at $4.5105. The high for the session was $4.5505 and the low was $4.4793.
- Platinum: Platinum decreased by $8.25 or -0.87%, last trading at $935.55. The high was $946.9 and the low was $932.6.
- Palladium: Palladium is down by $8.87 or -0.86%, currently at $1,017.53. The trading session saw a high of $1,036.28 and a low of $1,012.53.
- Crude Oil WTI: West Texas Intermediate crude is trading at $81.38, down by $0.84 or -1.02%. The high for the session was $82.12, and the low was $80.72.
- Brent Oil: Brent oil is slightly lower at $86.43, a decline of $0.86 or -0.99%. The high was at $87.16 and the low at $85.8.
- Natural Gas: Natural Gas is trading at $1.969, down by $0.019 or -0.96%. The session’s high was $1.997 and the low was $1.962.
Overall, most commodities are trading lower with the notable exception of copper, which registered a marginal gain. Precious metals like gold and silver are down with silver seeing the most significant percentage drop. Both WTI and Brent crude oils are also down, reflecting a broader negative sentiment in the commodities market during the European session.
