Global oil prices fluctuated in today's trading. Market sentiment was torn between concerns about oversupply and the threat of supply disruptions due to geopolitical escalation. On the supply side, recent data showed that US crude oil inventories increased more than expected. Meanwhile, OPEC+'s decision to gradually ease production cuts also added pressure. However, bullish sentiment has not completely dissipated. The recent attacks on energy facilities in Russia raised concerns about sudden supply disruptions. The potential for new sanctions against Moscow and the escalation of conflict in...
Gold prices hit a new record high on Tuesday (September 16th), breaking through $3,685 per ounce. This increase occurred as investors grew more confident that the Federal Reserve (The Fed) would cut interest rates this week, opening the door to further monetary easing in the coming months. Furthermore, the weakening of the US dollar to its lowest level in more than seven weeks also boosted gold prices. The market is now awaiting the release of the Fed's latest economic and interest rate projections via the "dot plot" and Chairman Jerome Powell's press conference following the announcement of...
Silver held steady around $42.6/oz in the European session on Tuesday (September 16th), nearing a 14-year peak ahead of the Fed's decision. The market strongly assessed US President Donald Trump's 25-bps cut for a larger cut; the Bank of China and China are likely to ease, while the Bank of Japan and Bank of England are expected to hold steady. Progress on US-China trade talks also supported sentiment.Fundamentally, the bias remains constructive: the dollar has the potential to weaken if the Fed begins to ease, while industrial demand (solar/EV/electronics) is tightening physical supply. At...