London Wrap: crude's 11% week overshadows gold dip
Crude extended its run with Brent up 11% on the week as gold and silver slipped, while European indices edged higher and Asia diverged.
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Crude extended its run with Brent up 11% on the week as gold and silver slipped, while European indices edged higher and Asia diverged.
US CPI and Core CPI landed at 12:30 UTC on 12 Aug 2026. Dogecoin led a broad slip across crypto against the dollar in the immediate reaction.
US Core CPI m/m lands at 12:30 UTC on Aug 12, forecast 0.2% vs 0.0% prior. Here's what the inflation gauge measures and how USD-quoted crypto pairs trade now.
Crude posts a double-digit weekly gain while Dogecoin and BNB lead crypto higher. Bitcoin holds near 63.6k; gold and silver ease. Here's where markets open.
US CPI and Core CPI at 12:30 UTC dominate the calendar, with headline inflation seen at 3.4% y/y. New Zealand inflation expectations follow.
Oil surged over 4% and silver added 3.5% as commodities dominated the session, while Bitcoin and Ethereum slipped and the dollar firmed against the yen.
Crude led Tuesday's tape with USOil up 4.47% and UKOil up 4.21%, silver added 3.46% and gold hit 4,389, while Bitcoin and Ethereum retreated.
Crude jumped over 4% and silver added 3.5% while Bitcoin and Ethereum slipped. Where the majors, metals and crypto stand at the open.
The Australian dollar edged higher across the board after the RBA Press Conference on 11 August 2026, with AUD/USD leading the modest advance.
The Australian dollar eased across the board after the RBA's cash rate decision landed at 04:30 UTC, with AUDUSD leading the softer move.
Brent and WTI led the tape with gains above 2%, precious metals kept their weekly run, and US equities drifted lower into the close.
Brent hit $83.14 and WTI $78.02 as oil led the session, silver held a 9% weekly gain, and European indices closed mixed. The London wrap.