Global Commodity Market Outlook: Gold, Silver and Crude Oil

Commodity Market Outlook

has rebounded above $4,000 after recent weakness as softer US inflation expectations and weaker private-sector employment data reduced pressure for immediate Fed tightening. Markets are now focused on today’s US Non-Farm Payrolls (NFP) report for the next major move.

Key Levels

Resistance: $4,020 | $4,050
Support: $3,980 | $3,950

Outlook: Neutral to Bullish above $3,980. Strong NFP could pressure gold, while weak data may extend the rally.

Silver

recovered above $59 following recent declines, supported by easing inflation concerns and softer US economic data. Traders are also awaiting the NFP release for fresh direction.

Key Levels

Resistance: $60.00 | $61.20
Support: $58.20 | $57.00

Outlook: Neutral to Bullish while holding above $58.20. A weak US jobs report could push silver higher.

Crude Oil (WTI)

Crude oil slipped below $68 as oil supply increased through the Strait of Hormuz, Iranian exports recovered, and Russian shipments remained elevated. Progress in US-Iran talks has also reduced supply concerns, weighing on prices.

Key Levels

Resistance: $69.50 | $71.00
Support: $67.00 | $65.50

Outlook: Bearish below $69.50. Rising global supply continues to favor downside unless fresh geopolitical risks emerge

Today’s Market Focus

US Non-Farm Payrolls (NFP) – High-impact event for Gold, Silver & USD.
Federal Reserve Expectations – Rate outlook remains the key driver.
US-Iran Talks & Strait of Hormuz – Major catalyst for crude oil prices.

Overall Bias:

• Gold: Neutral to Bullish
• Silver: Neutral to Bullish
• Crude Oil: Bearish

Disclaimer: The information shared is for educational and informational purposes only and should not be considered financial or investment advice. Commodity markets involve significant risk. Please conduct your own research and use proper risk management before making any trading decisions. We are not responsible for any profits or losses resulting from the use of this information.