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...
Silver prices have again reached their highest levels, the white metal is trading strongly ahead of the United States (US) Nonfarm Payrolls (NFP) data for June.Until this News was released, the price of silver was at the level of $ 36,884 Source: Newsmaker.id
Gold prices fell slightly this morning (-0.2%) to around $3,349, as market players await the release of US Employment Data (Non-Farm Payrolls + ISM PMI) which will be the next major catalyst Global geopolitics are still heating up, major central banks such as the PBoC continue to add gold reserves, and the US fiscal deficit has increased significantly, all supporting demand for gold as a safe-haven asset Barron's said many analysts are targeting $4,000 per troy ounce thanks to a combination of global uncertainty and a falling dollar. Meanwhile, HSBC raised its average target for 2025–2026...
After a sharp rally to a 13-year high in early June, silver has undergone a healthy correction: down from around USD36–36.4/oz to the USD35.8–36.2/oz area today. Such a move is common after a major rally, when market players take profits. Market players adopted a wait-and-see position before the release of the US Non-Farm Payroll (NFP) data. The focus shifted to gold as a safe-haven, so that silver experienced a stagnant correction. In the short term, silver prices are still supported by a supply deficit, strong industrial demand, and safe-haven flows.
Global gold prices are holding steady in the positive area at around $3,343 per ounce after rallying 2% in the previous two sessions. Currently, the market is taking a wait-and-see attitude ahead of two major agendas from the US: the House vote on Trump's tax bill and the release of June employment data. Although the US dollar strengthened slightly, positive sentiment towards gold remained intact as fiscal concerns, geopolitical tensions, and the direction of trade policy are still the main concerns of investors. Additional support came from central bank purchases and fund flows into...
Silver's move now focuses on upcoming labor market data, including the ADP private payrolls report due on Wednesday and the key June jobs report on Thursday, for further signals on the economic outlook and potential Fed policy moves.At the time of writing, silver was trading at $36,025/Toz. Source: Newsmaker.id
The Silver price (XAG/USD) edges lower to around $36 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday. The Greenback receives support from a better-than-expected increase in labor market demand. This, in turn, exerts some selling pressure on the USD-denominated commodity price, as a firmer USD makes Silver more expensive for foreign buyers. Additionally, rising demand for industrial uses might contribute to silver's...
Silver prices are at $36,118 per ounce, reflecting a consolidation phase after a strong rally that took it to a record 13 years ago. Fundamentally, the weakening US Dollar and expectations of an interest rate cut by the Fed provide support for demand for safe-haven assets such as silver. In addition, strong industrial demand, especially from the renewable energy and electronics sectors, which account for more than 50% of global consumption, also support prices. Source: Newsmaker.id
Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market became more confident that the Fed would cut interest rates. US fiscal concerns also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset. Uncertainty ahead of Trump's July 9 tariff policy also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week made the market tend to wait and see. In general, fundamentals still favor strengthening gold. Source: ayu-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....