Prices are hovering around 41,165, supported by expectations of a Fed rate cut, which is pressuring USD/yield, a positive correlation with gold, and solid industrial demand (solar power and electronics).Key catalysts: US CPI release tonight WIB. A lower result tends to be bullish for silver, while a higher result risks depressing prices. Also monitor Chinese data, ETF flows, and supply from major producers (Mexico/Peru) as further determinants of the 41-day moving average.The silver price at the time of writing was $41,165/Toz. DISCLAIMERNote: This article is for analytical purposes...
World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were short-lived. Geopolitical factors again contributed to oil price movements, particularly following news of the attack on Qatari territory. However, the market believes the impact of the conflict is still limited and therefore not strong enough to drive a larger rally. Instead, market participants are now more focused on fundamental conditions that tend to depress...
Gold consolidated near a record, falling slightly to the $3.62k–$3.64k/oz range after an earlier surge triggered by weaker-than-expected US PPI. The market now awaits the US CPI (tonight WIB) to determine the size of the Fed's interest rate cut next week—a 25 bps baseline is considered most likely. Lower interest rates typically support gold because they lower the opportunity cost of holding non-yielding assets. Fundamentally, the bullish narrative remains supported by central bank buying, geopolitical uncertainty, and ETF inflows. However, signs of overbought are emerging, so a "hotter"...