Silver surged to a new high on Monday (December 1), with traders placing speculative bets on ongoing supply tightness. Gold weakened slightly. The white metal rose to $58.23 an ounce after surging nearly 6% on Friday. Its price has risen for six consecutive sessions and has nearly doubled in value this year, outpacing gold's rally by about 60%. Silver balances reached a record high in October, easing historic pressures in the world's largest metals trading center, but this has put pressure on other trading centers. Inventories in warehouses connected to the Shanghai Futures Exchange...
Gold (XAU/USD) continued its rally for the second consecutive trading session on Monday (December 1), rising more than 0.40% as currency markets anticipate a Federal Reserve (Fed) interest rate cut next week. Meanwhile, a weaker US dollar kept the yellow metal hovering around $4,240 at the time of writing, having reached a five-week high of $4,264. Gold bullion remains strong despite the risk of BoJ tightening and weakening physical demand in China. The yellow metal remains bullish, but central bank tightening, particularly from the Bank of Japan (BoJ) following comments by Governor Kazuo...
Oil prices rose more than 1% on Monday (December 1st) following a drone attack by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave production levels unchanged for the first quarter of 2026. Brent crude closed at $63.17 per barrel, up 79 cents, or 1.27%. U.S. West Texas Intermediate crude closed at $59.32 per barrel, up 77 cents, or 1.32%. "The market is very nervous right now about the possible loss of Russian crude oil supplies," said John Kilduff, partner at Again Capital LLC. "They're watching closely to see if this Russia-Ukraine deal will...