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...
Gold fell to the $3,380 area on Thursday, retreating slightly from a two-week peak ahead of Friday's PCE release (August 29th, WIB), the Fed's inflation benchmark. Political uncertainty—including the controversy surrounding the attempted dismissal of Fed Chair Lisa Cook—kept safe-haven bids, but a rising dollar and stable real yields limited near-term upside. On the policy front, market pricing, which now places an 89% chance of a 25 bps cut in September, has softened the forward rate curve, supporting gold's hold near record levels despite increased volatility. DISCLAIMER Note: This...
Silver hovered around $38,605 during the Asian session on Thursday (August 28th), slightly correcting from the $39.00 area with limited volatility. Intraday, $38.50 serves as the closest support, while $38.90–$39.10 is the area that needs to be broken to restore upward momentum. Fundamentally, concerns over the Fed's independence maintain safe-haven demand, but a stronger USD limits gains. Expectations of a Fed rate cut remain supportive of precious metals, with the focus on Friday's US PCE data. On the industrial demand side, tariff/dealing issues and mixed Chinese data are holding back...
Gold prices corrected on Wednesday (August 27th), after rallying to a two-week high earlier, fueled by concerns about the Fed's independence. Safe-haven sentiment began to ease as the US dollar strengthened and US bond yields stabilized, although political tensions between President Donald Trump and Fed Chair Lisa Cook still loomed over the market. Source: Newsmaker.id
Silver prices weakened on Wednesday (August 27th), as the US dollar strengthened slightly after being pressured by concerns about the independence of the Federal Reserve. President Donald Trump's attempt to dismiss Fed Chair Lisa Cook triggered an influx of funds into safe-haven assets, including precious metals. However, the recovery of the dollar index above 98 again put pressure on silver and other precious metals. Source: Newsmaker.id
Gold prices (XAU/USD) fell in the Asian session on Wednesday, after touching a two-week high of around $3,395. Pressure came primarily from profit-taking and a moderate strengthening of the US dollar, causing the price to correct from its peak. Despite the weakening, gold's downside is expected to be limited. Market concerns about the Fed's independence—amid US President Donald Trump's increasingly aggressive efforts to oust one of its governors—tend to maintain interest in safe-haven assets. In such situations, gold typically remains in demand as a hedge. DISCLAIMER Note: This...
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...