The global gold price remains stable at around $4,500 per ounce after three consecutive days of sharp gains. Traders are now more focused on US economic data due this week, rather than the geopolitical tensions heating up in several parts of the world. This price adjustment indicates investors remain cautious, awaiting the latest information that could impact the market. News of the arrest of the Venezuelan leader, as well as comments from the White House about the possible use of military force in various regions, has heightened global tensions. Even tensions between China and Japan over...
World oil prices fell sharply again after traders began considering the possibility of an end to the Russia-Ukraine war. West Texas Intermediate (WTI) crude was trading near $57 per barrel, after previously falling around 2% from the previous day's closing level. Meanwhile, Brent was also below $61 per barrel, reflecting a more cautious market sentiment. Market participants believe that an end to the war could reopen Russian oil exports, which have been restricted by sanctions. This development comes after allies the US and Ukraine reportedly reached an agreement on a security guarantee...
The silver market remains firmly focused on the fundamentals that support today's high prices. Despite some corrections in recent days, the underlying structure of the silver market remains tight due to limited supply and continued rising demand from the industrial and investment sectors. Global physical silver stocks are expected to dwindle as new production is unable to grow rapidly, while demand from various industries remains strong. One of the main reasons for silver's price movements is massive industrial demand. Silver is essential for the manufacture of solar panels, electric...