Silver prices posted strong gains on Wednesday (December 17th). This surge was driven by rising industrial demand, particularly in the solar energy, electric vehicle, and data center sectors, as well as strong investment demand amid expectations of a Fed rate cut and a weakening US dollar. Supply tensions also reinforced the bullish trend, as tighter physical inventories and a long-term supply deficit contributed to the price of this white metal. (alg) Source: Newsmaker.id
Brent oil prices, currently hovering around US$59.80 per barrel, were boosted after US President Donald Trump ordered a total blockade of sanctioned Venezuelan oil tankers. This policy has heightened geopolitical tensions and resurfaced the risk of supply disruptions, despite Venezuela's relatively small global export contribution. The market believes a potential disruption of around 0.4–0.5 million barrels per day is sufficient to trigger a short-term rally, especially since prices previously fell to a five-year low.However, from a broader fundamental perspective, this price increase...
Gold remains stable at around $4,320/oz this morning (18/25) as the market awaits today's release of US inflation (CPI). This CPI data is crucial for gauging whether the Fed will continue to ease policy or hold off. After three consecutive cuts last week, the market still rates the chance of a January cut at around 25%. Waller also signaled a pro-cut but relaxed stance: interest rates could fall again, but "there's no need to rush" because inflation is still not completely safe.Sentiment-wise, gold remains strong due to two main drivers: central bank demand and ETF fund flows (which have...