Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
Silver prices (XAG/USD) continued their losses for the second straight day, trading around $30.00 per troy ounce during European trading hours on Thursday. The recent ceasefire between Israel and Hezbollah has eased regional tensions, lowering market fears and reducing the demand for Silver. While some uncertainties persist due to ongoing military actions in Gaza, the geopolitical risks appear less acute. Source: newsmaker.id
Gold prices regained strength in Europe on Thursday. Prices have now stabilized after a sharp decline earlier in the session due to a stronger dollar and US markets being closed for Thanksgiving. The decline reflects a recalibration of the geopolitical risk premium embedded in gold prices, with a ceasefire agreement between Lebanon and Israel easing tensions and lowering safe-haven demand. Despite the decline, the precious metal remains supported by strong buying interest at lower levels. Source: newsmaker.id
Silver (XAG/USD) extended its decline for the second straight day, trading around $29.60 per troy ounce during the Asian session on Thursday (11/28). The decline in Silver prices can be attributed to the easing of safe-haven flows amid easing geopolitical tensions in the Middle East. A ceasefire between Israel and the Lebanese armed group, Hezbollah, was successfully enforced on Wednesday, following a deal brokered by the United States (US) and France. Source: newsmaker.id
Gold was steady for a second day, as investors weighed the outlook for U.S. interest rates following inflation data that supported the case for a rate cut next month. Bullion was near $2,625 an ounce, with pressure on the metal easing as the U.S. dollar rally lost steam. The U.S. dollar, which strengthened after President-elect Donald Trump's victory, has weakened this week against other currencies amid month-end flows. A stronger dollar makes the metal more expensive for many buyers. Source: newsmaker.id
Silver prices climbed above $30.40 per ounce on Wednesday, recovering some losses from earlier in the week as the dollar pulled back from recent highs. Investors were also awaiting key US economic data to assess the outlook for potential Federal Reserve interest rate cuts. Minutes from the Fed's November meeting showed officials were optimistic about easing inflation and a resilient labor market, supporting the case for further rate cuts. However, they indicated a preference for gradual adjustments. Markets are currently pricing in a 63% chance that the Fed will reduce rates by another...
Gold price (XAU/USD) sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day. Furthermore, sliding US Treasury bond yields keep the US Dollar (USD) depressed near the weekly trough and assist the commodity in building on the overnight bounce from the $2,600 neighborhood, or a one-week low. Apart from this, a weaker tone around the European equity markets turns out to be another factor that benefits the...
Silver (XAG/USD) prices remained stable near $30.50 per troy ounce during Asian trading hours on Wednesday (11/27). Daily chart analysis suggests a possible shift in momentum from bearish to bullish as the currency pair has been moving down along the upper boundary of a descending channel pattern. However, the 14-day Relative Strength Index (RSI) is currently below the 50 level, indicating a prevailing bearish sentiment. Furthermore, the XAG/USD currency pair remains below the 14- and nine-day Exponential Moving Averages (EMA), which signal a bearish outlook and indicate weakening...
Gold prices were steady on Wednesday (11/27) during the Asian trading session, boosted by a ceasefire agreement in the Middle East that weakened demand for safe haven assets, and investors awaited US economic data that would provide clues on the Federal Reserve's interest rate path. Gold prices are still up more than 25% this year on US monetary policy easing and rising geopolitical risks, but have been hit by a stronger dollar this month following Donald Trump's election victory. Source: newsmaker.id
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....