The price of silver is currently hovering around $46 per ounce, up slightly after a correction earlier this week. This increase occurred amid cautious market sentiment, which is still monitoring the risk of a US government shutdown and the direction of the Fed's interest rates. Investors are starting to look again to silver as an alternative safe haven asset, although its movements have not been as aggressive as gold. While physical demand remains stable, silver's recent movements have been more influenced by global sentiment and inflows into precious metal ETFs. The market is also awaiting...
Gold prices surged to a new high of $3,875.53 per ounce, extending their rally to four consecutive days. This surge occurred as investors grew concerned about a possible US government shutdown, which could delay the release of important data like nonfarm payrolls and fuel interest in safe-haven assets like gold. So far this year, gold has risen more than 47%, heading for its biggest annual gain since 1979. Positive sentiment was driven by massive buying by global central banks and a surge in demand for gold-backed ETFs, along with expectations that the Fed will continue to cut interest...
Brent crude oil prices rose to around $66.43 per barrel in Wednesday afternoon trading during the European session (October 1). This increase occurred after two consecutive days of declines, as market participants began anticipating the OPEC+ decision at this weekend's meeting. There is speculation that OPEC+ will discuss the possibility of accelerating supply increases, although no official decision has been announced. Meanwhile, market sentiment is still clouded by the potential for a US government shutdown, which could slow economic activity and suppress energy demand. However, a sharp...