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...
Gold prices are in the $2625 area after touching the $2639 area today.The precious metal is stable amid concerns about rising geopolitical tensions as Russian President Vladimir Putin approved a revision of the country's nuclear policy. The move has raised fears of a nuclear war, prompting investors to turn to safe haven assets such as Gold. Source: newsmaker.id
Harga perak (XAG/USD) terus menguat untuk hari kedua berturut-turut, diperdagangkan di sekitar $31,372 per troy ounce pada sore ini. Logam Putih ini sebagai aset safe haven telah mengalami peningkatan permintaan di tengah meningkatnya ketegangan geopolitik. Presiden AS Joe Biden mengizinkan Ukraina untuk menggunakan senjata buatan AS untuk melakukan serangan jauh di dalam Rusia, sebuah langkah yang menimbulkan kekhawatiran di kawasan tersebut. Sumber: newsmaker.id
Silver prices (XAG/USD) continued their positive streak for the second day, trading around $31.32 per troy ounce during the Asian session on Tuesday (11/19). Dollar-denominated silver prices recovered from a two-month low as the USD halted its recent rally. The rally was driven by expectations of fewer Federal Reserve (Fed) interest rate cuts and optimism about better US economic performance under the incoming Trump administration. Source: newsmaker.id
Gold traded higher, hitting a daily high of $2625 in Asia amid continued prospects for a Fed rate cut. Central bank speakers have played down concerns about an end to monetary easing, ANZ Research analysts wrote in a note. They cited remarks from Chicago Fed President Austin Goolsbee who said interest rates would be significantly lower over the next 12-18 months, as long as inflation continues to fall towards the central bank's 2% target. In addition, geopolitical factors between Russia and Ukraine also boosted the yellow metal. Gold prices at the time of this news release were +0.5% at...
Gold rise around 1.8% on macroeconomic concerns. Economic uncertainty, the threat of intensified trade wars under a Trump administration and the potential escalation of conflicts in Ukraine and the Middle East are likely boosting gold's appeal as a safe-haven. There is growing scepticism over Trump's claims he could end the wars quickly, and escalating tensions further complicates the scene, gold may face short-term pressure. The acceleration of inflation in the U.S. after Trump's victory and cautious statements from the Federal Reserve have diminished expectations of an interest rate cut...
Silver prices inched higher on Monday, recovering from last week's steep sell-off as the U.S. dollar's rally paused. The market remains range-bound, with traders analyzing critical levels and upcoming macroeconomic developments to gauge the next move. Silver's significant losses last week were largely tied to a stronger dollar, fueled by reduced expectations for aggressive Federal Reserve rate cuts. The dollar index gained 1.6% but has now stabilized below its one-year high. This pause has eased some of the pressure on silver prices, as a weaker dollar makes the metal more accessible to...
The price of gold shifted to the $ 2600 area tonight, after having declined steep to the level of $ 2523 after the US presidential election.Goldman Sachs Group Inc. Reaffirming the estimated price will rise to $ 3,000 per ounce at the end of next year, with analysts advising investors to "find gold." The bank includes speculation in gold bars among its top commodity choices for 2025 related to the trimming of the Fed's interest rates, the central bank continues to buy precious metals and Trump holds the position of the President. Source: Newsmaker.id
Silver prices moved to the $30.7 area this afternoon, after dropping to the $29 level after the US Presidential election. Technical indicators on the daily chart are holding in the negative territory and are still far from the oversold zone. Hence, any further upward movement is likely to face stiff resistance and remain capped near the $31.00 round figure. Concerns about escalating geopolitical tensions, along with a weaker US Dollar (USD), turned out to be the key factors that acted as a boost for the safe-haven precious metal. However, expectations of a less dovish Federal Reserve...
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....