Commodity Market - Capital Street FX

[CSFX.Support]

Gold and Silver Rally Amid Fed Rate Cut, Oil and Natural Gas Show Mixed Trends Driven by Supply and Demand.​

Precious metals and energy markets showed mixed but generally constructive trends this week, driven by central bank moves, geopolitical tensions, and supply-demand dynamics. With the Fed’s rate cut setting the tone, traders now focus on key economic data and inventory reports for fresh direction across gold, silver, oil, and natural gas.

KEY HIGHLIGHTS ​

• Gold rallies above $3,700 driven by Fed rate cut.
• Silver maintains bullish momentum supported by weak Dollar, geopolitical tensions.
• Crude oil stabilizes amid supply concerns and global demand uncertainty.
• Natural gas holds steady on tight supply and seasonal demand.

Markets In Focus Today – GOLD​

Gold Weekly Outlook: Near-Term Prospects Stay Positive.​

Gold (XAU/USD) extended its rally this week, climbing to fresh all-time highs above $3,700 per troy ounce shortly after the Federal Reserve (Fed) delivered its first interest rate cut of the year, a move largely anticipated by markets. The metal’s upward momentum marked its fifth consecutive weekly gain, supported by two key drivers: persistent expectations of further Fed easing through late 2025 into 2026, and heightened geopolitical tensions, particularly in the Middle East, with the ongoing Russia-Ukraine conflict adding to safe-haven demand. Another factor fueling bullion’s strength has been the generally weak US Dollar (USD). Although the Greenback regained some stability after the FOMC decision, the broader trend remains soft, with the DXY trading near the lower end of its three-year range. This backdrop has allowed gold to stay firmly in positive territory, now up nearly 40% year-to-date. Technically, the breakout above the April–August consolidation zone in late August coincided with the Jackson Hole Symposium, giving fresh bullish impulse. The rebound has been reinforced by disappointing US labor market data, including weaker Nonfarm Payrolls and subsequent downward revisions, alongside continued geopolitical uncertainty in the Middle East and Eastern Europe.

Technical Overview With Chart :

Moving Averages :

Exponential :

• MA 10 :1385 | Positive Crossover | Bullish
• MA 20 :0407 | Positive Crossover | Bullish
• MA 50 :6720 | Positive Crossover | Bullish

Simple :

• MA 10 :2740 | Positive Crossover | Bullish
• MA 20 :4480 | Positive Crossover | Bullish
• MA 50 :4502 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 72.6263 | Buy Zone | Bullish

Stochastic Oscillator : 84.7742 | Buy Zone | Neutral

Resistance And Support Levels :

• R1 :0299 R2 :3500.7068
• S1 :3468 S2 :3287.6699

Overall Sentiment : Bullish Market Direction : Buy

Trade Suggestion : Limit Buy : 3655.00 | Take Profit : 3707.50 | Stop Loss : 3631.35

SILVER​

XAG/USD Weekly Outlook: Silver Holds Bullish Momentum Amid USD Weakness and Safe-Haven Demand.​

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