Commodities
Gold price (XAU/USD) is up 0.7% to near $4,530 during the European trading session on Friday. The precious metal extends its Thursday’s recovery move, as Oil prices decline due to renewed hopes of a permanent peace deal between the United States (US) and Iran.
Crude prices trend lower for the third day in a row on Friday, with the US benchmark West Texas Intermediate (WTI) barrel trading around $86.50 at the time of writing after hitting one-month lows a few pips below $86.00. WTI Oil is on track for a nearly 15% decline over the last two weeks.
Commodities
WTI crude oil prices remain under pressure after a sharp May selloff driven by improving US-Iran ceasefire negotiations and easing geopolitical tensions around the Strait of Hormuz. WTI has turned into the worst-performing major asset class in May 2026, with technical indicators pointing to continued near-term weakness. Price action remains trapped below the 20-day and 50-day moving averages within a descending channel, exposing further downside risks toward key support levels.
Forex
The US Dollar (USD) is trading flat against the Swiss Franc (CHF) on Friday, attempting to hold above 0.7830 after rejection at the 0.7900 area on Thursday.
West Texas Intermediate (WTI) oil price loses ground for the third successive day, trading around $86.60 per barrel during the early European hours on Friday.
Commodities
Silver (XAG/USD) shows marginal losses on Friday and is on track to end the week little changed after wavering within a $7 range around $76.
Forex
The GBP/USD pair trades subduedly at around 1.3440 during the early European trading session on Friday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a negative bias for the third straight day on Friday and trades around the $87.00 mark during the Asian session, close to a one-month low touched the previous day.
Commodities
The S&P 500 and Nasdaq reached fresh record highs after the US and Iran extended their ceasefire agreement, improving global risk sentiment and easing energy market tensions. However, hotter-than-expected US core PCE inflation at 3.3% y/y reinforced expectations for prolonged restrictive Federal Reserve policy. Meanwhile, the AI infrastructure boom continued to dominate markets as major technology firms delivered strong earnings and funding milestones.
Forex
The USD/JPY pair trades marginally higher to near 159.32 during the Asian trading session on Friday.
