Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Positive sentiment ahead of a potential interest rate cut from the Fed has made precious metals, including silver, more attractive, as carrying costs are likely to decrease if interest rates fall.At the time of this analysis, the price of silver was at $42,178. Source: Newsmaker.id
Oil prices continue to rise due to Russian supply risks (Primorsk, Ust-Luga, Kirishi) and a weakening dollar ahead of the Fed's potential 25 bps cut. Key points: Brent $67.20 / WTI $62.94; drone attacks potentially reducing Russian exports to India and China; weak Chinese data (factories/retail) but refinery throughput and apparent demand are rising; sentiment is also influenced by trade tariff news (G7/US) and concerns about US fuel demand. In essence, there is a supply risk premium lifting prices, while the mixed demand side is holding back any further rally. Future Outlook: The...
Gold prices weakened on Monday, pressured by profit-taking and a stronger dollar, although the decline was limited as investors awaited the US Federal Reserve meeting, where an interest rate cut is expected following a series of weak labor market reports. Spot gold prices fell 0.2% to $3,633.86 per ounce, as of 01:52 GMT. Bullion prices rose about 1.6% last week, hitting a record high of $3,673.95 on Tuesday. US gold futures for December delivery fell 0.4% to $3,671.30. "Gold appears technically overbought, which is driving profit-taking at the start of the week. The dollar's resilience...
Global silver prices corrected in today's trading (September 15th) after recording significant gains in recent weeks. This weakening was primarily driven by a strengthening US dollar, rising bond yields, and more cautious investor sentiment regarding the prospect of a Federal Reserve interest rate cut. The US dollar index strengthened following the release of economic data showing resilient industrial activity and consumer spending. This strengthening currency makes dollar-priced silver more expensive for international buyers, thus suppressing demand. In addition, rising US government bond...
Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data showed weakening and slowing producer inflation. This condition strengthens gold's appeal as a hedge against global monetary policy uncertainty. In addition to the Fed, geopolitical tensions in the Middle East and Europe have also increased demand for gold as a safe haven. Investors also view the still-high global risks, from the Israel-Qatar...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...