Gold remains near its record high as expectations of a Fed interest rate cut and global uncertainty drive safe-haven demand.However, the market is becoming cautious due to overbought conditions. Friday's NFP data is expected to be key to gold's next direction: whether it will continue to rally or experience a correction.The gold price at the time of writing was $3,538/Toz.DISCLAIMERNote: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)Source: Newsmaker.id
Oil prices fell sharply after news that OPEC+ would discuss increasing production, with WTI falling to $64.07 and Brent to $67.71. Concerns about a supply surplus are growing, especially coupled with weak US economic data.Analysts consider this move risky because it could quickly lead to market oversupply. Coupled with geopolitical tensions from Russia to Venezuela, the future direction of oil prices remains uncertain.Oil prices at the time of writing were at $67.62.DISCLAIMERNote: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical...
Silver prices rallied again in today's trading, hovering around US$41 per troy ounce. This level is approaching a 14-year high and is a major highlight in the commodities market. The rise in silver prices was driven by high demand for safe-haven assets. Investors are increasingly confident that the Federal Reserve (The Fed) will cut interest rates soon after a series of weakening US economic data. This monetary easing has triggered capital inflows into precious metals, including silver, which is considered a hedge against uncertainty. Source : Newsmaker.id