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Silver price (XAG/USD) trades with caution near its 10-day low around $75 during the Asian trading session on Friday. The white metal has been under pressure as oil prices reflect strength due to the prolonged closure of the Strait of Hormuz, a critical passage to almost 20% of global energy supply.

West Texas Intermediate (WTI) oil price gains ground after opening at levels below the previous close, trading around 95.60 during the Asian hours on Friday. Crude oil prices gain on rising supply concerns amid stalled US-Iran peace negotiations and the continued closure of the Strait of Hormuz.

The AUD/USD pair loses traction to near 0.7130 during the early Asian session on Friday. Renewed conflict in the Middle East provides some support for a safe-haven currency, such as the US Dollar (USD), against the Australian Dollar (AUD).

Investment in new lithium supply is threatening to tip the global market for the battery metal into a deficit, beginning as early as this year. The warning comes from Canaccord, which noted that the supply of lithium has tightened considerably, even as demand for electric vehicles has weakened. What

Gold price (XAU/USD) falls to around $4,690 during the early Asian session on Friday. The precious metal attracts some sellers amid a stronger US Dollar (USD) and elevated oil prices that stoked inflation worries.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/PHP is trading just below its record high as higher crude Oil prices overshadow a hawkish Bangko Sentral ng Pilipinas (BSP) move.

Faced with the second energy crisis this decade, the European Union aims to reduce dependence on natural gas, coordinate gasoline, diesel, and jet fuel supplies, and accelerate renewable energy capacity installations. The European Commission on Wednesday unveiled proposals aimed at protecting Europe

Standard Chartered economists Tommy Wu and Hunter Chan report that the Hong Kong SME Leading Business Index fell to 43.3 in Q2, reflecting weaker sentiment linked to higher Oil prices and Middle East tensions.

UOB economists Julia Goh and Loke Siew Ting highlight that the Bangko Sentral ng Pilipinas (BSP) has started a new tightening cycle, lifting the Target Reverse Repurchase (RRP) rate to 4.50% and signalling further hikes.