The potential for a US-India deal that reduces Russian imports could shift India's demand to alternative grades (Middle East/US/Africa), thus increasing demand; reports of declining US crude stockpiles plus planned SPR replenishments are tightening the market; OPEC+ discipline is keeping supply tight; and the risk of supply disruptions (weather, geopolitics, logistics) is adding to the risk premium. Signs of a global surplus persist due to high non-OPEC production (US, Brazil, Guyana); the demand outlook is not yet solid in China/Europe (depending on PMIs and industry); fluctuating refinery...
Silver prices fell sharply after plummeting more than 7% in the last two sessions, following the decline in gold prices. Currently, silver is weakening amid market concerns that the precious metal's rally has accelerated too quickly. Investors are also beginning to weigh the impact of US-China trade tensions and new sanctions against Russia, which have shaken global commodity markets.However, some analysts believe this pressure could be temporary. Industrial demand for silver—particularly for solar panels and electronic devices—remains high and has the potential to support prices in the...
Gold prices fell to around $4,080 per ounce on Thursday (October 23rd), marking a third consecutive day of decline after hitting a record high in recent weeks. This decline was triggered by market optimism about a possible trade deal between the US and China, as well as President Trump's conciliatory statements toward China, which prompted investors to shift away from gold as a safe-haven asset. Despite the decline, gold prices are still up around 55% year-to-date, supported by hopes that the Federal Reserve will cut interest rates two more times before the end of the year. On the other...