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CommoditiesMedium•6 March 2026•

1 min read

WTI Crude Surpasses $80 as Strong Dollar and NFP Data Weigh on Gold and Silver

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1WTI crude oil is trading above the $80 mark.

2US Dollar strength and Non-Farm Payrolls (NFP) data are challenging the gains of gold and silver.

WTI crude oil prices have successfully climbed above the $80 threshold, maintaining positive momentum in the energy markets. However, the broader commodities sector is witnessing a divergence as precious metals face significant headwinds. Gold and silver gains are being challenged by a strengthening US Dollar, bolstered by the latest Non-Farm Payrolls (NFP) data. Positive economic indicators have fueled expectations regarding interest rate trajectories, providing support to the DXY. As a result, dollar-denominated assets like XAU/USD and XAG/USD are struggling to maintain their upward trajectory against the greenback. Market participants remain focused on the interplay between robust energy demand and the impact of monetary policy on safe-haven assets.