Gold Climbs While Oil and Gas Slip Amid Flat Dollar Outlook

In a market session that saw limited movement in the U.S. dollar, precious metals edged higher while energy and base metals slipped. Gold traded at $4,189.83 per ounce, up $18.06 or 0.43% from the previous close. Silver followed suit, rising 0.32 points to $60.835, a 0.53% gain.

Energy prices were softer: West Texas Intermediate crude fell 1.72 points to $92.02, a 1.83% decline, while Brent crude slid 1.63 points to $105.02, down 1.53%. Natural gas prices also dropped, trading at $3.149 per MMBtu, a 0.018‑point or 0.57% fall.

Base metals were mixed. Copper advanced 0.0065 points to $6.7535, a modest 0.10% rise, whereas aluminum fell 9.50 points to $3,038.30, a 0.31% decline.

Analysts note that the dollar remains largely unchanged, with no clear trigger for a reversal in its trajectory. Investors will be watching upcoming economic data and corporate earnings for clues on the direction of the currency and related commodity markets.