Oil prices held steady on Tuesday (December 30), with Brent hovering around $62 per barrel and West Texas Intermediate (WTI) above $58. Geopolitical tensions, such as those between Venezuela, Russia, and Iran, supported prices, despite concerns about a global oversupply. Venezuela began shutting oil wells due to a US blockade, resulting in full oil storage. Meanwhile, Trump confirmed a US attack on Venezuelan facilities and vowed to attack Iran if the country continues its nuclear program. Despite geopolitical pressure, global oil production continues to rise, with OPEC+ increasing output...
Silver prices fell to around $72 per ounce on Wednesday, December 31, 2025, as the year drew to a close. Price movements were limited due to thin trading volumes due to the New Year holiday, while investors preferred to await global market direction before making major decisions. Silver's fundamentals remain strong, as interest in the precious metal as a hedge against inflation and economic uncertainty remains high. Although some investors took profits after prices briefly hit record levels, positive sentiment stemmed from expectations of loose central bank monetary policy, maintaining...
Gold prices fell in trading today, Wednesday (December 31, 2025), as profit-taking took place ahead of the end of the year. Gold's movement was also pressured by the strengthening US dollar and quiet market conditions as many investors reduced activity ahead of the New Year holiday. Fundamentally, the pressure on gold stems from the market's continued scrutiny of the interest rate policies of major central banks. Although gold's long-term prospects remain supported by global economic uncertainty, in the short term, investors tend to be cautious and prefer to wait for new sentiment at the...