Brent oil prices strengthened on Friday (September 12th), with the last price recorded at $66.54 per barrel. This increase reflects positive sentiment in the energy market amid expectations of an interest rate cut by the Federal Reserve, which could boost global demand growth. Furthermore, market participants are also monitoring geopolitical developments in the Middle East and Europe, which are adding to concerns about potential supply disruptions. Although bullish sentiment dominates, investors remain cautious about the prospect of oversupply after OPEC+ announced plans to gradually...
Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data showed weakening and slowing producer inflation. This condition strengthens gold's appeal as a hedge against global monetary policy uncertainty. In addition to the Fed, geopolitical tensions in the Middle East and Europe have also increased demand for gold as a safe haven. Investors also view the still-high global risks, from the Israel-Qatar...
Global silver prices corrected in today's trading (September 15th) after recording significant gains in recent weeks. This weakening was primarily driven by a strengthening US dollar, rising bond yields, and more cautious investor sentiment regarding the prospect of a Federal Reserve interest rate cut. The US dollar index strengthened following the release of economic data showing resilient industrial activity and consumer spending. This strengthening currency makes dollar-priced silver more expensive for international buyers, thus suppressing demand. In addition, rising US government bond...