Silver prices have hit a new record after surpassing $57 per ounce, fueled by tightening global supply and expectations of a US interest rate cut this month. Market participants are now almost entirely expecting the Fed to cut interest rates by 0.25 points, amid the weakening US labor market and dovish comments from central bank officials. Meanwhile, supply concerns are becoming more apparent. Although silver flows to London have reached record levels, easing pressure somewhat, the cost of borrowing silver for one-month terms remains high. The situation is further exacerbated by low silver...
Oil prices rose again after OPEC+ confirmed plans to temporarily halt production increases during the first quarter. This Saudi Arabia-led decision is considered a response to seasonally weaker market conditions. Brent is now trading above $63 per barrel, while WTI is approaching $60, signaling that the market is beginning to adjust to the new supply policy. This increase comes after oil posted four consecutive monthly declines due to concerns about a supply surplus. The IEA even predicted a record supply glut in 2026, while JPMorgan forecast oil prices could fall to nearly $50 per barrel....
Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve's looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back, keeping gold's movements limited. Pressure from the mixed US dollar also prevented gold from posting significant gains. Despite showing some strength in the previous month, gold is now moving defensively due to ongoing global uncertainty. US economic data released in the next few days—including inflation, consumer spending, and signs of a weakening...