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 approaches $3,860/oz, poised for its seventh weekly gain. The US shutdown has caused a data blackout, with the market and the Fed focusing on private sector releases, with weak recruitment and fewer layoffs. Market money has almost fully priced in a 25 bps cut by the end of the month and the possibility of another cut in December.Structural support: central bank spending and ETF flows.But be wary of a pullback. The rapid rally is overbought, with profit-taking already emerging after the record. A dovish narrative maintains the continued bullish trend; conversely, a stronger dollar or a...
Goldman Sachs remains very optimistic about gold. Recent inflows into gold-backed ETFs and retail investor interest have far exceeded their expectations, creating an "upside opportunity" to exceed their $4,000/oz (mid-2026) and $4,300/oz (late next year) targets. In fact, a scenario of gold approaching $5,000/oz is considered increasingly likely if a small portion of US Treasury securities funds shift into gold. In terms of prices, gold has risen around 12% since August 29th, breaking out of the $3,200–$3,450 range. This rise isn't solely driven by speculators; central bank buying and...
This morning, during the Asian session, silver traded around $47/oz, remaining near a 14-year peak after breaking through $47 earlier in the week. The primary driver came from safe-haven demand following the official US government shutdown on October 1, triggering market caution. At the same time, the US dollar has tended to weaken and Treasury yields have eased slightly, lowering the opportunity cost of holding precious metals—a combination that benefits silver prices. Fundamentally, the silver market is also supported by a supply-demand gap (deficit) projected to persist for a fifth...
Brent crude oil prices rose to around $66.43 per barrel in Wednesday afternoon trading during the European session (October 1). This increase occurred after two consecutive days of declines, as market participants began anticipating the OPEC+ decision at this weekend's meeting. There is speculation that OPEC+ will discuss the possibility of accelerating supply increases, although no official decision has been announced. Meanwhile, market sentiment is still clouded by the potential for a US government shutdown, which could slow economic activity and suppress energy demand. However, a sharp...
Gold prices surged to a new high of $3,875.53 per ounce, extending their rally to four consecutive days. This surge occurred as investors grew concerned about a possible US government shutdown, which could delay the release of important data like nonfarm payrolls and fuel interest in safe-haven assets like gold. So far this year, gold has risen more than 47%, heading for its biggest annual gain since 1979. Positive sentiment was driven by massive buying by global central banks and a surge in demand for gold-backed ETFs, along with expectations that the Fed will continue to cut interest...
The price of silver is currently hovering around $46 per ounce, up slightly after a correction earlier this week. This increase occurred amid cautious market sentiment, which is still monitoring the risk of a US government shutdown and the direction of the Fed's interest rates. Investors are starting to look again to silver as an alternative safe haven asset, although its movements have not been as aggressive as gold. While physical demand remains stable, silver's recent movements have been more influenced by global sentiment and inflows into precious metal ETFs. The market is also awaiting...
Gold fell on Tuesday (September 30th), pressured by a strengthening US dollar and rising Treasury yields, which increased the opportunity cost of holding non-yielding assets. After rallying to a new record above $3,800, the market was also overshadowed by profit-taking, dampening buying momentum. On the policy front, the market is reassessing the timing of the Fed's interest rate cut, resulting in a decline in risk appetite for riskier assets while reducing flows into hedge funds. Looking ahead, the focus is on the Fed's signals and the release of US data that could alter expectations of an...
Gold hit another record high of $3,854 per ounce, driven by concerns over a potential US government shutdown, prompting investors to seek safe-haven assets. So far this year, gold prices have risen 46%, marking their best annual rate since 1979. Meanwhile, Treasury yields maintained their gains after a previous rally, and the US dollar strengthened slightly following President Donald Trump's decision to impose a 10% tariff on lumber imports. In Asia, stocks rose 0.2%, marking their sixth consecutive month of gains, with Zijin Gold International surging 66% on its Hong Kong trading...
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....