Commodity Report April 10, 2026 — Gold Tests 0.5 Fib at $4,761, Silver Steadies at 0.618, WTI Rebounds Near $98, Natural Gas Breaks Below 0 Base | Capital Street FX
Commodities at the Crossroads: Gold Pulls Back to 0.5 Fib, WTI Crude Surges Back to $98 on Hormuz Disruption, Silver Steadies, Natural Gas Collapses Below Base Support
Gold at $4,761.80 retreating from the 0.5 Fibonacci level as the fragile Middle East truce reduces safe-haven urgency yet US CPI keeps inflation risk alive. WTI Crude at $98.22 rebounding sharply as Strait of Hormuz transit remains largely disrupted despite the paper ceasefire. Silver at $75.84 holding critical 0.618 Fib support with industrial demand intact. Natural Gas at $2.663 — the only confirmed bearish breakdown today, falling through the 0 Fibonacci base on warmer weather forecasts and rising US production. Capital Street FX Commodity Research Desk · April 10, 2026
Commodity Markets Torn Between Hormuz Risk, CPI Data & Warming Weather — Four Diverging Stories Today
Commodity markets are navigating the most complex multi-directional session in weeks. Crude oil is rebounding from the prior session’s collapse as Strait of Hormuz transit remains largely halted — tanker traffic is a fraction of pre-war levels despite the two-week truce framework. Gold is consolidating at the 0.5 Fibonacci level as competing forces — safe-haven demand, FOMC rate-hike risk, and partial geopolitical de-escalation — create a tug-of-war. Silver is the most stable of the four, holding its 0.618 Fib support, anchored by structural industrial demand from solar and electrification. Natural gas is today’s clearest directional trade — a confirmed bearish breakdown below the Fibonacci 0 base level, driven by warmer US weather forecasts and rising domestic production, with no Middle East premium to speak of. Today’s March US CPI release at 12:30 GMT is the single event that will reshape all four commodity biases before the weekend.
- 🥇 Gold at $4,761 — testing 0.5 Fib ($4,743): Pulled back from the $5,595 January all-time high. CPI today is the make-or-break catalyst — cool print re-energises the rally; hot print keeps selling pressure on
- 🥈 Silver at $75.84 — holding 0.618 Fib ($76.53): Stabilising after a 10% March correction; industrial demand from solar and EVs provides structural support; dual nature (safe-haven + industrial) creates conflicting near-term signals
- 🛢️ WTI Crude at $98.22 — volatile near 0.382 Fib ($97.40): Rebounding from Wednesday’s 15%+ crash; Hormuz transit volumes remain critically low at ~8 tankers/day vs. 20M bpd pre-war average; Islamabad talks this weekend are the next binary event
- 🔥 Natural Gas at $2.663 — confirmed breakdown below 0 Fib ($2.634): Only clean directional trade today; warmer weather, rising production (107.4 bcfd), and LNG supply growth have overwhelmed any Middle East premium; RSI oversold but structure remains bearish
- 📊 US CPI March (12:30 GMT) — defines all four commodities today: Hot print → Gold rallies on inflation hedge, Oil volatile, Silver mixed, Gas unchanged. Cool print → Gold pulls back, Oil softens, all four recalibrate
Gold (XAU/USD) — The $4,743 Fibonacci Pivot Holds the Key to the Next $500 Move
Technical Picture
Gold is trading at $4,761.80, sitting in a structurally critical position: directly between the 0.5 Fibonacci level ($4,743.55) acting as immediate support and the 0.382 Fibonacci level ($4,946.63) as the next meaningful resistance above. The pair reached an all-time high of $5,595.42 on January 29, 2026, before undergoing a significant correction driven by a brief easing of geopolitical tensions, rising US Treasury yields, and hawkish Fed signals — falling as low as $4,090 in mid-March before staging a recovery back toward current levels.
The ascending trendline that supported gold’s historic 2025–2026 rally is now being re-tested from below. Moving averages on the daily chart are spread out, with the short-term MA (shown in the chart) acting as near-term resistance around the $4,910 zone. RSI stands at 50.20 — neutral territory that is non-committal and signals that neither bulls nor bears have a clear advantage at this juncture. This neutral RSI reading combined with the 0.5 Fib pivot level makes today’s CPI release the singular event that will define gold’s next directional move. A close above $4,946 (0.382 Fib) would signal that the medium-term correction has ended and gold is resuming its structural uptrend toward $5,197 (0.236 Fib) and eventually $5,604 (new high territory). A daily close back below $4,743 (0.5 Fib) would confirm continued corrective pressure with $4,540 (0.618 Fib) as the next downside target.
Fundamental Drivers
Gold’s fundamental picture is characterised by three powerful structural bull forces battling against two near-term headwinds. The structural positives are: (1) Central bank buying — global central banks purchased gold at a record pace through 2025, and while January 2026 buying slowed to 5 tonnes versus a 27-tonne monthly average, the trend of reserve diversification away from the dollar remains firmly intact, with Malaysia, South Korea, Uzbekistan, and China all continuing to accumulate. (2) Real interest rates remain negative — US core CPI is running at approximately 2.5%, while the Fed holds its funds rate at 3.75–4.00%, creating a modestly negative real rate environment that has historically been the single most bullish condition for gold. (3) Geopolitical risk premium — the Iran–US conflict, despite the fragile truce framework, has fundamentally repositioned gold as a near-essential portfolio component for institutional investors. JPMorgan targets $6,300, Goldman Sachs $5,800, and UBS forecasts potential for $6,000+ by year-end 2026.
The near-term headwinds are equally real: (1) The fragile truce framework and partial Strait of Hormuz reopening reduced the immediate safe-haven panic bid that had pushed gold to $4,850 during Wednesday’s ceasefire announcement — it gave back nearly all of those gains in the same session as oil prices plummeted. (2) FOMC March minutes published Thursday revealed growing policymaker concern about sustained inflation from the Middle East conflict and an explicit discussion of possible further rate hikes. A rate hike scenario is gold-negative in the near term as it raises the opportunity cost of holding the non-yielding metal. Today’s CPI is the key data point: a hot print validates the FOMC’s hawkish concerns and pushes rate-hike probability higher, capping gold near current levels; a cool print undermines the hawkish case and re-opens the path to $4,946+.
Gold at $4,761.80 is precisely where it needs to be for today’s CPI to matter maximally. The 0.5 Fibonacci level at $4,743.55 is the line that separates the bullish recovery scenario (hold and go higher toward $4,946) from the bearish continuation (break and target $4,540). With RSI neutral and no technical bias, the data is doing the work of the chart today. Traders should not pre-position aggressively ahead of CPI. The ideal entry for a gold long is a confirmed hold above $4,743 post-CPI, targeting $4,946 with a stop below $4,630. Goldman Sachs, JPMorgan, and UBS all maintain year-end targets between $5,800–$6,300 — the structural bull case remains fully intact, but the near-term entry point requires CPI confirmation.
| Level | Type | Fibonacci | Significance |
|---|---|---|---|
| $5,604 | Resistance | 0 (ATH Zone) | All-time high zone — ultimate bull target for 2026 |
| $5,197 | Resistance | 0.236 | First meaningful recovery milestone post-correction |
| $4,946 | Resistance | 0.382 | Key recovery target — close above confirms bull resumption |
| $4,761.80 | Current Price | Near 0.5 | Pivot zone — CPI will determine direction from here |
| $4,743 | Support | 0.5 | Critical Fibonacci support — close below signals deeper correction |
| $4,540 | Support | 0.618 | Next downside target if 0.5 Fib fails |
| $4,255 | Support | 0.786 | Deep correction zone; major structural support |
| $3,883 | Support | 1 (Base) | Full retracement base — extreme downside scenario |
Gold — Trade Setup
Bias: Neutral–Bullish | Wait for CPI Confirmation Before Entry
Gold’s trade setup today mirrors the broader commodity landscape: wait for CPI, then act. If CPI prints at or below +0.2% MoM, a long entry at $4,743–$4,780 targeting $4,946 (0.382 Fib) with a stop below $4,630 offers a clean 2:1 risk-reward in alignment with both the technical structure and the structural bull case maintained by major institutions. If CPI surprises hot above +0.3%, short-term pressure toward $4,540 (0.618 Fib) becomes the more likely near-term move — in that scenario, longs should be deferred until $4,540 is tested and holds. The medium- and long-term structural bull case (JPMorgan $6,300, Goldman $5,800) remains fully intact regardless of today’s CPI outcome.
Silver (XAG/USD) — Dual Nature Creates Conflicting Signals at the 0.618 Fib
Technical Picture
Silver is trading at $75.84, holding directly at the 0.618 Fibonacci retracement level ($76.5319) after a dramatic correction from the February high near $119.50. The pair experienced extraordinary volatility in this cycle: a parabolic rally from $48.27 (the 1 Fib base) to $122.26 (the 0 level swing high near February’s peak), followed by a sharp 10% correction in March that flushed out speculative positioning and brought price to the current 0.618 zone.
The 0.618 Fibonacci level is classically the deepest correction before a trend resumption in a genuinely strong uptrend. The fact that silver has found support here — and is posting a modest +0.20% gain today — is technically constructive. The ascending trendline on the daily chart, which was violated during March’s selloff, now acts as overhead resistance near the $80 area. RSI stands at approximately 49.57, near-neutral and broadly consistent with the consolidation phase the market is experiencing. A daily close above $76.53 (the 0.618 Fib level) would be the first meaningful technical confirmation that the correction has ended, opening the path to the 0.5 Fib at $85.26 and subsequently the 0.382 Fib at $93.99. A daily close below $74.93 (today’s session low) on high volume would signal the correction has further to run toward the 0.786 Fib at $64.10.
Fundamental Drivers
Silver’s fundamental picture is genuinely more complex than gold’s because silver serves two masters — the safe-haven narrative (aligned with gold) and industrial demand (aligned with global growth). In the current environment, these two forces are pulling in opposite directions. The safe-haven case for silver is partially supported by the same geopolitical backdrop that drives gold, though silver typically lags gold in the early stages of a safe-haven cycle and then outperforms when the move broadens. That pattern has been evident in the current cycle.
The industrial demand case for silver remains structurally compelling. China’s solar panel manufacturing continues to drive record silver consumption, with the global silver deficit expected to persist through 2026 as electrification, EV manufacturing, and semiconductor production all require silver in quantities that cannot be rapidly replaced. China hit an 8-year silver import high recently, a significant structural signal. Silver’s 25-year evolution from photography (now −90% of that demand) to solar, EV batteries, and medical applications has created a fundamentally tighter supply/demand balance than existed even five years ago. However, the near-term industrial demand outlook is being complicated by the energy cost shock from Middle East disruptions — if the oil price remains elevated and global manufacturing slows as a consequence, some of silver’s industrial demand tailwind could soften temporarily. This dual sensitivity is why silver is the most difficult of the four commodities to read directionally today, and why a neutral stance with defined entry triggers is the appropriate approach.
Silver’s position at the 0.618 Fibonacci level is the most precisely defined setup of the four commodities today. The critical question is whether the 10% March correction has done sufficient work to reset speculative positioning — and the evidence suggests it largely has, given the absence of extreme RSI readings at current levels. A sustained hold above $76.53 daily on a closing basis would confirm the correction is over and the next leg higher — targeting $85.26 (0.5 Fib) — is underway. Analysts who follow the silver cycle note that silver tends to lag gold by several weeks in a safe-haven rally, then dramatically outperform when the move broadens. The pattern of silver lagging gold’s January highs supports the view that silver’s best gains in this cycle are still ahead, contingent on the macro environment stabilising.
| Level | Type | Fibonacci | Significance |
|---|---|---|---|
| $122.26 | Resistance | 0 (Swing High) | February cycle high — ultimate bull target |
| $104.76 | Resistance | 0.236 | First major recovery milestone |
| $93.99 | Resistance | 0.382 | Substantial recovery — confirms new uptrend |
| $85.26 | Resistance | 0.5 | Mid-range recovery target; key near-term bull objective |
| $75.84 | Current Price | Near 0.618 | Critical support zone — hold here confirms correction over |
| $76.53 | Support | 0.618 | Must close above this level to confirm bullish continuation |
| $64.10 | Support | 0.786 | Next downside target if 0.618 fails on a daily close basis |
| $48.27 | Support | 1 (Base) | Full retracement base — extreme bear scenario |
Silver — Trade Setup
Bias: Neutral | Accumulate on 0.618 Fib Support Confirmation
Silver is a defined-risk accumulation opportunity at the 0.618 Fib level ($76.53), not a momentum trade. The setup: buy on a confirmed daily close above $76.53, targeting $85.26 (0.5 Fib) with a stop below $72.00. This offers a 2.3:1 risk-reward. For more patient positioning, $72–$74 (below today’s session low) represents the deeper accumulation zone for those wanting maximum risk-reward on a longer hold toward $85–$94. Silver’s structural industrial demand case (solar, EV, China imports) supports the medium-term bull view — but the near-term signal is neutral, and today’s CPI is the gating catalyst for whether silver can break back above the 0.618 Fib and sustain it.
WTI Crude Oil — Rebounding at the 0.382 Fib as Hormuz Disruption Persists
Technical Picture
WTI Crude Oil is trading at $98.22, sitting directly at the 0.382 Fibonacci retracement level ($97.40) after one of the most dramatic weekly trading ranges in recent memory. From a February low near $61.48, crude surged to $119.61 in late March as the Strait of Hormuz closure triggered the largest oil supply disruption in history — then plunged more than 15% on a single session (Wednesday, April 8) when the ceasefire announcement collapsed oil’s war premium. The subsequent two sessions have seen crude recover, with Thursday’s +3% gain recovering from $95 to $97.87 (WTI May futures) and Friday’s session opening near $98.22.
The 0.382 Fibonacci level at $97.40 is now the critical support level. The ascending trendline from the January lows continues to hold — the rapid price corrections have not yet violated this structural trend. Moving averages are steeply bullish, with the shorter-term MA providing support well below current prices near $81.69, and the longer-term MA near $70.24. RSI stands at 61.78 — mildly overbought from the rapid recovery but not yet at extreme levels. The descending trendline from the March high at $119.61 now acts as the key overhead resistance, currently near $105–$106. A daily close above this trendline would signal that the ceasefire-driven sell-off was an overcorrection and WTI is resuming its primary uptrend. A close below $97.40 (0.382 Fib) opens the path to $90.54 (0.5 Fib) and potentially $83.69 (0.618 Fib) if the Islamabad talks produce a genuine resolution to the Hormuz situation.
Fundamental Drivers
The fundamental backdrop for crude oil today is defined by the extreme tension between the paper ceasefire and the physical reality of Hormuz disruption. On Wednesday, WTI plunged more than 15% when the US–Iran ceasefire was announced — a massive overreaction that the market is now partially reversing, because the facts on the ground are clear: tanker traffic through the Strait of Hormuz remains at approximately 8 vessels per day, versus the pre-war average of flows representing 20 million barrels per day. Iran has agreed to allow “coordinated transit” but ships still require Iranian navy clearance — and reports indicate that two Qatari LNG tankers were forced to abort a transit attempt this week despite the nominal truce.
Standard Chartered’s commodity analysts published a note today arguing that “the oil price correction is likely overdone” — with their Q2 Brent forecast at $98/bbl and WTI at $92.50/bbl providing a fundamental anchor near current levels. This is significant institutional validation that $97–$98 represents fair value given the current disruption level, even with the partial ceasefire. The wildcard is the Islamabad talks this weekend, where Vice President JD Vance leads the US delegation. If talks produce a genuine reopening of Hormuz with credible verification mechanisms, WTI could test $83–$90. If talks collapse or Iran reimposes full restrictions, the path back to $110–$119 is open. The Islamabad outcome is arguably the single most important binary event for energy markets in the near term — even more so than today’s CPI.
Additionally, a drone strike on Saudi Arabia’s East-West pipeline — the kingdom’s primary remaining export route to the Red Sea since the war began — has added supply disruption fears that extend beyond the Hormuz chokepoint alone, providing a structural floor to crude prices regardless of Hormuz’s short-term status.
WTI Crude Oil is today’s most directly geopolitically-driven commodity trade. The key insight is that Wednesday’s 15%+ drop massively overpriced the pace at which Hormuz would genuinely reopen — and Thursday and Friday’s recovery is the rational correction of that overreaction. With tanker traffic still at a fraction of pre-war levels and the Saudi pipeline under fresh attack, the physical supply disruption remains very much alive despite the political ceasefire framework. Standard Chartered’s institutional validation at $97–$98 provides a fundamental floor. The Islamabad talks this weekend are the next binary. Position sizing should reflect that event risk — do not be fully positioned either long or short going into the weekend’s diplomatic talks.
| Level | Type | Fibonacci | Significance |
|---|---|---|---|
| $119.61 | Resistance | 0 (War High) | March cycle high; ultimate bull target if Hormuz fully closes again |
| $105.89 | Resistance | 0.236 | Descending trendline from March high converging here |
| $98.22 | Current Price | Near 0.382 | Holding at Fib support; rebounding from Wednesday’s plunge |
| $97.40 | Support | 0.382 | Critical Fibonacci support — hold here confirms recovery |
| $90.54 | Support | 0.5 | Mid-range support; test likely if Islamabad talks succeed |
| $83.69 | Support | 0.618 | Key zone if genuine Hormuz reopening confirmed |
| $73.92 | Support | 0.786 | Pre-war equilibrium level — extreme peace scenario |
| $61.48 | Support | 1 (Base) | Full retracement base; pre-conflict floor |
WTI Crude Oil — Trade Setup (Today’s Best Commodity Setup)
Bias: Bullish | Long at 0.382 Fib Support — Best Setup Today
WTI at $97.40–$98.22 (the 0.382 Fib zone) represents the best risk-reward trade in commodities today. The fundamental case is clear: the physical disruption persists, the ceasefire is fragile, the Saudi pipeline is under threat, and StanChart says the correction is overdone. Entry at $97.40–$98.00, targeting $105.89 (0.236 Fib / descending trendline), with a stop below $93.00 offers a 1.9:1 risk-reward. For more aggressive positioning ahead of the Islamabad talks, a break above $105.89 would open a path to $112–$119 if talks collapse entirely. Key risk: reduce position size going into the weekend given the binary outcome of the Islamabad talks — a genuine breakthrough could see WTI gap down $5–$10 on Monday open.
Natural Gas (NG1) — Confirmed Bearish Breakdown Below the Fibonacci Base as Supply Surges
Technical Picture
Natural gas is trading at $2.663, having delivered the clearest and most technically confirmed bearish breakdown of the four commodities today. After spiking to a high of $7.463 in late January 2026 — driven by the unprecedented winter storm demand surge that produced a record 360 bcf weekly storage withdrawal — the price has been in a relentless downtrend, declining approximately 64% from the high to the current price. This correction has now broken below the 0 Fibonacci base level at $2.634, which was the low prior to the entire January spike move. Breaking below the 0 Fib base is the most bearish technical signal available on a Fibonacci chart — it indicates the market has fully reversed the move that created the Fibonacci structure in the first place.
RSI stands at 41.45 on the fast indicator and 36.10 on the slower line — below 50 but not yet at the extreme oversold readings that would trigger a contrarian bounce signal (RSI below 30). This suggests the path of least resistance remains lower, with further selling likely before any stabilisation. Moving averages are steeply descending and all acting as resistance well above current prices. The 0.236 Fibonacci extension level at $3.774 is now first resistance from above, followed by 0.382 at $4.479. With no meaningful technical support structures below the 0 Fib base at $2.634, the next natural stopping point for a technical analysis approach is the $2.50 area — a key psychological round number below current prices — followed by the $2.00 historical reference level.
Fundamental Drivers
Natural gas is today’s most fundamentally clear-cut commodity — and the clarity is strongly bearish. Three converging forces are driving the sustained decline: (1) Warmer-than-average US temperature forecasts across broad swaths of the country, with above-average temperatures expected across the central and southern US regions, gradually moving eastward. This suppresses heating and power generation demand precisely at the time of year when storage injections should be beginning. (2) Rising US domestic production — lower-48 output has climbed to approximately 107.4 billion cubic feet per day (bcfd) in February, up from 106.3 bcfd in January, while Haynesville Shale drilling activity (per Baker Hughes rig count data) is showing a notable uptick that raises future supply concerns. (3) LNG supply growth is globally absorbing the Middle East disruption — the loss of Qatari LNG through Hormuz is being largely offset by growing US LNG export capacity. Average gas flows to the eight major US LNG export plants have climbed to 18.5 bcfd, matching the monthly record set in December 2025.
Critically, natural gas has failed to carry any meaningful Middle East risk premium despite the disruption to Qatari LNG flows. Standard Chartered noted in their commodity report today that “the natural gas market is coping remarkably well with the near-term loss of the majority of Middle East gas supply.” This is a fundamental statement that changes how traders should approach gas: unlike crude oil, which is directly driven by Hormuz disruptions, natural gas has sufficient supply flexibility globally to absorb the disruption without a sustained price premium — meaning the primary drivers are purely domestic US: weather, production, and storage data.
Natural gas is today’s cleanest directional trade — and the direction is down. The confirmed break below the Fibonacci 0 base at $2.634 removes any structural technical support from the Fibonacci framework, the RSI is directionally bearish without being at contrarian extreme levels, and the fundamental picture (warm weather, rising supply, no Middle East premium) provides no catalyst for a reversal. The market is navigating the transition from winter heating demand to spring injection season with an oversupplied starting position. The path to $2.50 is open. Short entries at current levels with a stop above $2.80 and target at $2.35–$2.50 represent the most clear-cut commodity trade today. Risk management note: natural gas has the highest day-to-day volatility of the four commodities and can reverse aggressively on a single weather forecast update — use tight stops and defined risk sizing.
| Level | Type | Fibonacci | Significance |
|---|---|---|---|
| $7.463 | Resistance | 1 (Jan High) | January winter storm peak — extreme bull scenario only |
| $6.429 | Resistance | 0.786 | Deep resistance; far above current market |
| $5.618 | Resistance | 0.618 | Upper Fibonacci resistance zone |
| $4.479 | Resistance | 0.382 | Key overhead resistance — would require major supply shock to reach |
| $3.774 | Resistance | 0.236 | Nearest meaningful resistance from above |
| $2.663 | Current Price | Below 0 Base | Confirmed breakdown below Fibonacci structure — bearish signal |
| $2.634 | Prior Support | 0 (Base) | Fibonacci base level — now broken, acting as resistance |
| $2.500 | Support | Psychological | Next natural stopping point below Fib structure |
| $2.000 | Support | Historical | Long-term historical reference level |
Natural Gas — Trade Setup
Bias: Bearish | Clearest Directional Trade of the Four Commodities Today
Natural gas is the only commodity today with an unambiguous directional bias. Short entry at current prices ($2.663) or on any intraday bounce toward $2.75–$2.80, targeting $2.50 (psychological support) with a stop above $2.85 offers a 2:1 risk-reward with clear fundamental justification. A break below $2.50 psychological support opens the path to $2.35 and longer-term $2.00 historical reference. The trade does not require CPI data to work — it is driven entirely by domestic US fundamentals (weather, production, storage) and is therefore the most “CPI-independent” trade of the four commodities today. However, be aware that an extremely hot CPI could briefly support natural gas via the “energy inflation” narrative — in that scenario, wait for the initial spike to fade before entering short.
Today’s Commodity Opportunities — April 10, 2026
Key Events — April 10, 2026
| Time (GMT) | Market | Event | Forecast | Previous | Actual | Impact |
|---|---|---|---|---|---|---|
| 12:30 | ALL COMMODITIES | US CPI (MoM) March — Primary near-term catalyst for Gold & Silver; secondary for Oil & Gas | +0.2% | +0.3% | Pending | HIGH |
| 12:30 | GOLD / SILVER | US Core CPI (MoM) March — Ex-Food & Energy; key for real rates and gold’s opportunity cost | +0.3% | +0.3% | Pending | HIGH |
| Weekend | CRUDE OIL | Islamabad Talks — Vance-Iran Delegation; Hormuz reopening terms; biggest oil binary event | — | — | Monitoring | HIGH |
| Ongoing | CRUDE OIL | Strait of Hormuz Transit Data — ~8 tankers/day vs 20M bpd pre-war; physical disruption | — | ~2/day (Mar avg) | 8 Tankers/Day | HIGH |
| Ongoing | CRUDE OIL | Saudi Arabia East-West Pipeline — Drone Strike Damage Assessment; Red Sea Export Risk | — | ~5M bpd capacity | Monitoring | HIGH |
| Ongoing | NATURAL GAS | EIA Storage Report (Weekly) — Injection Season Begins; Inventory vs Five-Year Average | Injection | −360 bcf (Feb rec) | Pending | HIGH |
| Daily | NATURAL GAS | NOAA Weather Forecast Update — 6–10 & 8–14 Day Outlook; Primary Gas Price Driver | Above-avg temps | Above-avg temps | Warm | HIGH |
| Ongoing | GOLD / SILVER | FOMC Rate Trajectory — March Minutes Hawkish; Rate-Hike Risk Suppresses Gold’s Ceiling | Hold 3.75–4.00% | Hold 3.75–4.00% | Released | HIGH |
| Apr 30 | GOLD / SILVER | Federal Reserve FOMC Meeting — Powell’s Penultimate Meeting; Rate Decision for Gold | Hold | 3.75–4.00% | Upcoming | HIGH |
| Apr 2026 | CRUDE OIL | OPEC+ Production Response — How Members React to Hormuz Partial Reopening | — | — | Monitoring | MEDIUM |
| Apr 2026 | SILVER | China Manufacturing PMI & Industrial Data — Key Indicator for Silver Industrial Demand | 50.4 | 50.4 | Monitoring | MEDIUM |
Traders’ Questions — April 10, 2026
Capital Street FX Research Desk · Commodity Report · April 10, 2026. This report is for informational purposes only and does not constitute investment advice. Trading commodities involves significant risk of loss. Past performance does not guarantee future results. Always trade with defined risk management and only capital you can afford to lose. Capital Street FX is a globally regulated broker.
