Commodities Forecast

Gold and silver remain range-bound as rising global interest rates and inflation expectations from higher oil prices weigh on non-yielding precious metals.

Gold struggles to extend gains as U.S. rates remain elevated, while USD/JPY finds support from the wide interest rate differential despite Bank of Japan intervention.

WTI crude oil weakens on hopes of a Middle East diplomatic breakthrough, while lower U.S. interest rates support gold as both markets await clearer direction.

Crude oil holds above key support as geopolitical risks remain in focus, while silver stays under pressure following a bearish death cross despite easing interest rates.