New Record High for Gold: Commodities Update

The shiny metal is making a new record high today as gold is gaining 1.15% at 2,441.7 $/oz during the European Session.

Silver is currently seeing a significant rise, gaining 3.41% to trade at $32.325. It has hit a intraday high of $32.75 and a low of $31.532. Copper is recording a modest increase of 0.90%, trading at $5.0955. The metal’s price has fluctuated between a high of $5.1985 and a low of $5.0685.

Platinum is edging up by 0.28% to $1,093.10, with highs and lows of $1,105.05 and $1,080.75 respectively. The slight uptick reflects ongoing supply constraints and stable demand in the automotive sector. Palladium is experiencing a 0.86% increase, trading at $1,019.53. It has traded within a range of $1,027.78 to $1,003.00. The metal’s gains are supported by its critical role in catalytic converters and ongoing supply shortages.

Crude Oil WTI is seeing a slight decline of 0.21%, trading at $79.41. It has reached a high of $79.97 and a low of $79.22. Geopolitical pressures seem decreased. Brent Oil is also decreasing by 0.15%, currently at $83.85. Prices have ranged from $84.44 to $83.67.

Natural Gas is increasing by 0.65% to trade at $2.643, taking a break after last week rally.