Oil prices fell on Friday (August 29th) but were poised for weekly gains, swayed by uncertainty over Russian supplies and expectations of falling demand as the summer driving season nears its end in the United States, the world's largest fuel consumer. Brent crude futures for October delivery, which expire on Friday, fell 36 cents, or 0.5%, to $68.26 at 08:16 GMT, while the more active November contract fell 29 cents, or 0.4%, to $67.69. West Texas Intermediate crude futures fell 28 cents, or 0.4%, to $64.32. Brent was poised for a weekly gain of 0.8%, while WTI was expected to rise 1%....
Silver prices are currently trading around $38,030 per ounce, relatively stable after experiencing selling pressure. Fundamentally, this precious metal remains supported by expectations of a Fed interest rate cut, which has boosted interest in non-yielding assets. However, market optimism regarding the possibility of a Russia-Ukraine peace deal is curbing demand for safe havens. Furthermore, the strengthening US dollar is a limiting factor for the silver price rally. Technically, silver is still moving in a consolidation phase after rejecting further gains. Nearest support is seen around...
Gold prices were little changed on Tuesday as investors awaited this week's Federal Reserve annual conference for clues on a possible interest rate cut and weighed Washington's efforts to end the war in Ukraine. Spot gold was steady at $3,331.49 per ounce at 02:01 GMT. US gold futures for December delivery fell 0.1% to $3,375.40. Fed Chairman Jerome Powell's remarks at the central bank's August 21-23 symposium in Wyoming could provide clarity on the economic outlook and expectations for policy easing. "Gold is still in a consolidation phase and really waiting for a new catalyst to break...
On the fundamental side, Brent oil prices fell slightly this morning to around $66.25 per barrel, fueled by optimism about the potential de-escalation of the Russia-Ukraine conflict through trilateral talks between Trump, Zelenskiy, and Putin. The possibility of a return to normal Russian supply has dampened market sentiment, while TD Securities analysts note that an escalation could push prices back to higher levels, depending on tariff policy—putting downward pressure on prices if tensions ease. Source : Newsmaker.id
Oil prices remained stable as market participants await the outcome of the Trump-Zelenskyy meeting, which could determine the direction of the Russia-Ukraine conflict. If a peace agreement is reached, a potential increase in supply could further depress oil prices. However, statements from the White House regarding India's imports of Russian oil have raised fresh concerns about global supply. The market remains cautious, with prices vulnerable to geopolitical developments and the direction of global energy policy. Oil prices at the time of writing were at $65.87/Toz. DISCLAIMER Note:...
Gold prices fell slightly to $3,334 per ounce on Monday (August 18th), nearing a two-week low, as prospects for easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset. The meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky on Monday, at 12:00 a.m. Western Indonesian Time, is expected to reach a swift peace agreement. Meanwhile, investors are awaiting the release of the minutes of the Federal Reserve's latest meeting on Friday at the Jackson Hole Symposium, which is expected to signal the future direction of US interest...
Silver prices (XAG/USD) strengthened slightly during the European trading session on Monday (August 18th). The white metal attracted some buying demand amid cautious market sentiment, as investors awaited the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr Zelenskiy at the White House later that day. Meanwhile, strong expectations that the Federal Reserve (Fed) will cut interest rates at its September meeting remain a supportive factor for silver prices. The prospect of lower interest rates is considered positive for non-yielding assets like...
Silver prices rose above $38 an ounce on Monday (August 18), recovering some of last week's losses, as investors turned their attention to a crucial meeting in Washington between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy in an effort to reach a peace deal with Russia. Trump said he would press Zelenskiy to reach a settlement soon after his talks with Russian President Vladimir Putin on Friday. While there was no breakthrough on a ceasefire, Putin agreed that the U.S. and Europe should provide strong security guarantees to Ukraine as part of a potential deal to...
Gold prices edged up to $3,340 an ounce on Monday, but remained near a two-week low, as the prospect of easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset. Although a meeting between US President Donald Trump and Russian President Vladimir Putin on Friday failed to produce a breakthrough on a ceasefire, Putin agreed to allow the US and Europe to provide strong security guarantees to Ukraine as part of a final deal to end the war. Trump is scheduled to meet with Ukrainian President Volodymyr Zelensky and European leaders today to reach a swift peace...
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....