Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support. Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S. benchmark, the West Texas Intermediate futures contract , was up 67 cents, or 1.1% at $64.68 by 2:15 p.m. ET. There will be no settlement for WTI futures on Monday due to Labor Day holiday in the U.S. Trading volume for both Brent and WTI was also muted due to that reason. Ukrainian President Volodymyr...
Gold prices rose on Monday (July 21st), supported by a weaker dollar as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the Federal Reserve's policy meeting scheduled for next week.As of this writing, gold prices were at $3,365 Source: Newsmaker.id
Silver (XAG/USD) held around $38.20 per troy ounce during Monday's Asian session, following a slight decline. Technically, silver is still trending upward within a bullish channel pattern. The 14-day Relative Strength Index (RSI) remains above 50, and the price is above the 9-day moving average (EMA), indicating strong short-term upward momentum. If buying pressure persists, XAG/USD could potentially break through the $39.13 resistance—its highest level since 2011—and continue its upward movement toward the upper boundary of the channel at the psychological $41.50 level. However, if a...
Gold prices rose to around $3,350 per ounce on Monday (July 21), marking a second consecutive session of gains as investor concerns about President Donald Trump's tariff policies grew. U.S. Commerce Secretary Howard Lutnick stated on Sunday that August 1 was the deadline for countries to begin paying the so-called reciprocal tariffs, but he noted that negotiations could continue beyond that date. Source: Newsmaker.id
Gold prices rose to a new daily high during the European session on Friday (July 18th), continuing their rebound from a low hit more than a week earlier. This increase was driven by a weakening US dollar following dovish remarks from Fed Governor Christopher Waller, as well as growing market concerns about the uncertainty surrounding US President Donald Trump's trade policies, which are considered risky for the global economy. However, gold's gains are likely limited as the market is increasingly convinced that the Fed will delay interest rate cuts, especially with concerns that new import...
Silver prices stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory, along with renewed concerns about a trade war between the United States and its trading partners. Furthermore, consistent industrial demand—particularly from the electronics and green energy sectors—contributed to silver prices. Despite the stability, silver price movements remain limited as the market awaits the latest US economic data and further...
Gold prices fell on Thursday during the European session (July 17). What's the cause? Market participants are weighing the possibility of a leadership change at the US central bank, following rumors that President Donald Trump might fire Jerome Powell from his position as Fed Chair. This issue has sparked renewed uncertainty in financial markets. Meanwhile, concerns about political interference remain. If Powell is indeed dismissed before his term ends in 2026, this could raise doubts about the Fed's independence.Source: Newsmaker.id
Silver prices fell slightly from their highs due to a strengthening dollar. Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year. Source: Newsmaker.id
Gold prices strengthened on Wednesday (July 16th), driven by a weakening US dollar and increased demand for safe-haven assets amid global geopolitical concerns. The market is closely monitoring investors' response to President Trump's 50-day ultimatum to Russia and continued tariff tensions with major trading partners. In addition, speculation that the Fed will delay interest rate cuts due to persistently high goods inflation also supported gold prices. The focus now turns to the release of US PPI data and the outcome of further international trade negotiations. Source: Newsmaker.id
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....