Gold (XAU/USD) maintained its intraday gains near a two-week high heading into Friday's European session, with investors awaiting a sustained move. The increasing likelihood of a US Federal Reserve (Fed) interest rate cut in December proved to be a key factor continuing to benefit the non-yielding yellow metal. Source: Newsmaker.id
Fundamentally, Brent crude oil is trending higher today, hovering around USD 63 per barrel, continuing its rebound from its lows in recent weeks. The main catalyst was the OPEC+ meeting, which decided to maintain current production levels until at least the first quarter of 2026, rather than increasing supply to the market. This "hold-on" stance was interpreted by the market as an effort to prevent oversupply amid already high global inventories and a slowing demand outlook, thus supporting prices after previous pressure. However, looking at the bigger picture, Brent's trend throughout this...
Gold prices climbed again, hitting a six-week high on Monday, December 1, driven by a weakening US dollar and growing investor appetite for safe-haven assets. Spot gold hit $4,240 per ounce, while December gold futures reached $4,276. Silver was even more striking, breaking an all-time high of $57.86 before stabilizing at $57.48 per ounce. A sell-off in US stock futures and falling crypto prices have made precious metals increasingly a risk-off destination. This rise was also fueled by strong expectations that the Fed will cut interest rates in December, following a series of dovish...