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...
Oil maintained gains after U.S. crude inventories fell by the most since mid-June, leaving inventories well below seasonal averages. Brent crude traded around $67 per barrel after rising 1.6% on Wednesday, while West Texas Intermediate (WTI) hovered near $63. National inventories fell by 6 million barrels last week, according to Energy Information Administration (EIA) data. Gasoline stocks also fell for the fifth straight week. However, oil prices are still down more than 10% year-to-date due to concerns about the impact of U.S. trade policies and as OPEC+ restores previously halted...
Gold prices fell to around $3,340 per ounce on Thursday (August 21st), as investors adjusted their positions ahead of the Federal Reserve's three-day Jackson Hole symposium, which begins today. Market focus is currently on Fed Chairman Jerome Powell's speech, which could provide clues to the Fed's monetary policy stance. Currently, market participants are pricing in an 82% chance of a September interest rate cut. However, the minutes of the latest Fed meeting showed policymakers remain concerned about inflation and the labor market, with most voters believing it is too early to cut...
Brent oil prices rose slightly today, responding to a much larger-than-expected drawdown in US crude oil inventories of 6 million barrels, far exceeding analysts' estimates of 1.8 million barrels. This stockpile decline indicates strong domestic demand, particularly from the transportation sector, as evidenced by jet fuel consumption, which averaged a four-week high. However, the market remains preoccupied with geopolitical risks and global supply pressures, including potential US tariffs on India related to Russian oil imports, which add to the fundamental uncertainty behind price...
Today, silver prices remained supported by growing expectations of further Fed monetary easing (rate cuts), providing dovish momentum that benefits non-yielding assets like silver. Furthermore, silver is always more price-sensitive than gold due to its smaller volume and more volatile nature. This means that while today's gains were not as explosive as those of the yellow metal, silver is able to react more sharply to positive news related to monetary policy and global sentiment. With the combination of strong demand, limited supply, and dovish policy expectations, fundamentals support the...
Silver prices are currently experiencing a slight decline amid cautious market movements. The weakening of the white metal occurred due to a slight strengthening of the US dollar, while investors await the minutes of the July FOMC meeting and Fed Chair Jerome Powell's speech at the Jackson Hole symposium this week for clues on the direction of future interest rate policy. Global risk-off sentiment is also holding back silver's gains, although the metal remains viewed as a safe-haven asset. Price movements are expected to remain limited until clearer monetary policy signals emerge. Source:...
Gold (XAU/USD) held around $3,326 with moderate intraday gains. Selling pressure in global markets provided slight support as a safe haven, but hopes for peace between Russia and Ukraine curbed hedging interest, limiting gold's rally. The market preferred to await clues about the Fed's policy direction from the release of the FOMC minutes. Fading expectations for a Fed rate cut helped the US dollar remain strong and made yieldless gold less attractive. Stable bond yields also limited price gains. In the very short term, gold's direction will be determined by the reaction of the US dollar...
World oil prices fell on Tuesday (August 19th) amid speculation that a meeting between Russia, Ukraine, and the US could potentially pave the way for the lifting of sanctions on Russian oil, thereby increasing market supply. Brent futures weakened 0.75% to $65.95 per barrel. This correction occurred after oil previously closed up around 1%. The market was monitoring the latest diplomatic moves, with US President Donald Trump meeting with Ukrainian President Volodymyr Zelenskiy along with European allies and holding direct dialogue with Russian President Vladimir Putin. Trump even stated...
Gold prices strengthened slightly on Tuesday (August 19), driven by a weaker dollar amid expectations of a US interest rate cut. Investors are now awaiting Fed Chairman Jerome Powell's remarks at the Jackson Hole symposium on August 21–23, which is expected to provide clarity on the direction of monetary policy. According to CME FedWatch, the market is pricing in an 83% chance of a 25 basis point rate cut at the Fed's September meeting. However, UBS analyst Giovanni Staunovo believes it is too early for the Fed to commit to its next move, given the number of data releases before the...
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....