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 broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy likely added 911,000 fewer jobs in the 12 months to March, or about 76,000 fewer per month, confirming weaker labor market conditions than previously estimated. Combined with last week's weak August jobs report, this data reinforces expectations for a 25 basis point Fed rate cut next week, although some investors are speculating on a larger 50 basis...
World oil prices rose again in Asian trading on Wednesday (September 10th) after an Israeli attack on Hamas leaders in Doha, Qatar, sparked concerns about escalating tensions in the Middle East. This attack pushed oil prices up by 2% on Tuesday before correcting, but then stabilizing as the market assessed the potential for further conflict. Israel claimed to have targeted a Hamas team, but the group said the attempt failed despite five casualties. This situation adds uncertainty to peace talks, while the market worries that further military action could destabilize the region, which is...
Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was revised down significantly, to 911,000 jobs, further strengthening the case for an interest rate cut by the Federal Reserve. The market now awaits the release of US producer and consumer inflation data on Wednesday and Thursday, which are expected to determine the direction of the Fed's monetary policy at its meeting next week. In addition to economic...
Silver prices held around $41.2 per ounce on Tuesday, near their highest level since 2011. This increase was supported by expectations of a Federal Reserve interest rate cut, which boosted demand for the precious metal. Investors are now awaiting the revised annual US employment data. If realized, this could signal the Fed to delay its full employment target and strengthen the case for an interest rate cut. Market focus is also on the release of two key inflation data this week: the August Producer Price Index (PPI) on Wednesday and the Consumer Price Index (CPI) on Thursday. Silver...
Brent oil prices rose in trading on Tuesday (September 9). This increase was supported by market expectations that global energy demand remains solid amid signs of slowing production from several major producing countries. Investors are also monitoring supply developments from OPEC+ and US economic data due this week, including inflation and employment data, which could influence the direction of the Fed's policy and market risk appetite. This movement added to positive sentiment for energy commodities after prices were depressed last week by concerns about a weakening global...
Gold prices hit a new record on Tuesday (September 9), driven by a weakening dollar and falling bond yields amid growing speculation of a Fed interest rate cut this month. Spot gold rose 0.4% to $3,651.38 per ounce, while December futures rose to $3,690.90. The market now rates an 89.4% chance of a 25 bps interest rate cut next week, and a 10.6% chance of a 50 bps rate cut, according to CME FedWatch. Weak US labor data and a surge in the unemployment rate are the main drivers of these expectations. DISCLAIMER Note: This article is for analytical purposes only and is not a definitive...
Gold prices are currently rising, driven by increased demand for safe-haven assets amid global uncertainty. Pressure from political turmoil and the prospect of a Fed interest rate cut this month has prompted investors to shift their portfolios to precious metals. Market sentiment is also supported by the weakening US dollar, which provides more room for gold to strengthen. Analysts believe that as long as macroeconomic and geopolitical uncertainty remains high, gold has the potential to maintain its momentum above the psychological level of $3,600. Source: Newsmaker.id
Gold hit an all-time high of $3,600, driven by expectations of a Fed rate cut, a weakening dollar, and safe-haven demand. Momentum remains strong, with institutional and ETF inflows driving the rally. Key levels: support at $3,560–3,580 (retest), then $3,520; resistance at $3,650 and $3,700. Quick strategy: buy on a price drop above $3,560, be aware of CPI/NFP data releases and a spike in yields. Keep a clear stop-loss (SL) below $3,520. The gold price at the time of writing was $3,605/Toz. DISCLAIMERNote: This article is analytical only and is not a definitive reference. Consider...
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....