Silver prices rose to record levels as the market grew more confident that the Federal Reserve would cut interest rates further next year, coupled with the escalating geopolitical situation. Gold also gained slightly, as these two factors typically drive investors to seek "safe haven" assets. Silver rose 0.5% to reach $67.4954 per ounce. This increase was supported by speculative inflows and still-tight supply following a major short squeeze in October. Silver trading activity also increased. Total silver futures trading volume in Shanghai surged earlier this month, approaching levels seen...
Gold prices rose slightly in the morning session in Asia, driven by geopolitical conditions that typically drive investors to seek safe-haven assets like gold. The latest trigger came from the US seizing a second oil tanker near Venezuela on Saturday. This action increased pressure on the government of President Nicolás Maduro. According to analyst Milad Azar of XTB MENA, geopolitical tensions remain a "key support pillar" for gold prices. He believes friction between the US and Venezuela has the potential to escalate. Azar also noted that tensions have not subsided in several other...
Pound Rebounds, UK Data Determines GBP/USD strengthened after three consecutive days of declines. In Monday's Asian session, the pair traded around 1.3394, approaching the 1.3400 level, ahead of the release of UK Q3 GDP. This strengthening occurred as the pound sterling attempted to hold its ground ahead of important economic data. However, its movement remains volatile as the market has already priced in expectations for the direction of future interest rates. In the UK, the market is said to have fully priced in the Bank of England's (BoE) first interest rate cut in June 2026....