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 (XAU/USD) weakened in Tuesday's trading after a strong rally, dragged down by a strengthening US dollar and rising Treasury yields. Risk-off sentiment began to ease as optimism emerged that US government budget negotiations would soon reach a resolution, reducing demand for safe-haven assets. Furthermore, some market participants also began taking profits after gold prices briefly reached a record high above $3,900 per ounce earlier in the week. Nevertheless, the medium-term outlook for gold remains positive. Expectations that the Federal Reserve will cut interest rates soon...
Silver weakened early in the Asian session, hovering near $48.45 after briefly touching a 14-year high. The strengthening US dollar—along with rising US bond yields—made USD-denominated commodities more expensive for overseas buyers, pressuring silver prices. However, global uncertainty and hopes for a Fed interest rate cut have the potential to limit further declines. "Safe haven" sentiment remains strong as the US government shutdown enters its seventh day, with the Senate failing to pass a budget bill, delaying key economic data such as the September employment report. US President...
Gold strengthened early in the Asian session. This rise aligns with the upward trend in commodities, driven by macroeconomic uncertainty, a weakening dollar, and continued strong demand for hard assets. According to City Index and FOREX.com analyst Fawad Razaqzada, the breakout of the "round number" has rekindled buying momentum as there has been no significant selling. After surpassing $3,900/oz, gold has the potential to test the next psychological level at $4,000/oz. ICE data shows spot gold rose 0.3% to $3,969.75/oz, after hitting a new intraday record of $3,976.18/oz. At the time of...
Brent oil prices are currently trading around $65 per barrel, driven by expectations that global energy demand will increase as economic prospects improve in several key countries. Investors also view OPEC+'s decision to hold production increases for the coming months as a positive signal for the market, as this move could help balance supply amid concerns about oversupply. Price gains are also supported by a weakening US dollar, which makes oil cheaper for holders of other currencies, and increased industrial activity in Asia. However, the short-term outlook remains clouded by concerns...
Gold surged past $3,900 per ounce for the first time on Monday (October 6th). This surge occurred as investors sought a safe haven amid the weakening Japanese yen and the US government shutdown. The uncertain situation has made gold once again sought as a hedge, especially as the market is increasingly confident that the Fed will cut interest rates in the near future. Early in the session, gold even hit a new record at $3,944.63 per ounce before gradually stabilizing. As of 06:31 GMT, the spot price was still up around 1% at $3,925.91 per ounce. In the derivatives market, US gold futures...
Silver reached $48,202 per ounce this morning, indicating positive sentiment in the precious metals market. This price increase was driven by the ongoing global economy and the impact of delayed US employment data due to the government shutdown, prompting investors to increasingly seek safe-haven assets such as silver and gold. Furthermore, central banks' expected moves to cut interest rates also increased the appeal of this non-interest-bearing precious metal.However, despite silver's significant rise, analysts caution investors to remain cautious as the potential for a short-term...
Gold prices have strengthened again amid growing expectations of a US interest rate cut. Recent economic data showing slowing activity and controlled inflation has further strengthened market speculation that the Fed will ease monetary policy in the near future. This has prompted investors to turn to safe-haven assets like gold, whose value tends to stabilize when interest rates fall. In addition to monetary policy factors, political uncertainty resulting from the US government shutdown has also been an additional catalyst for gold's rally. Concerns over fiscal direction, inflation risks,...
Silver briefly slipped below $47 per ounce on Friday (October 3rd), but still has the potential to post a seventh consecutive weekly gain. The main driving force comes from expectations of further Fed interest rate cuts and uncertainty stemming from the US government shutdown. A string of recent US data has heightened speculation of easing, with the market almost fully pricing in a 25-bps cut this month and another in December. From a policy perspective, the government shutdown has so far seen minimal immediate impact, but it has raised concerns about fiscal direction, inflation risks, and...
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....