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...
Global gold prices are holding steady in the positive area at around $3,343 per ounce after rallying 2% in the previous two sessions. Currently, the market is taking a wait-and-see attitude ahead of two major agendas from the US: the House vote on Trump's tax bill and the release of June employment data. Although the US dollar strengthened slightly, positive sentiment towards gold remained intact as fiscal concerns, geopolitical tensions, and the direction of trade policy are still the main concerns of investors. Additional support came from central bank purchases and fund flows into...
Silver's move now focuses on upcoming labor market data, including the ADP private payrolls report due on Wednesday and the key June jobs report on Thursday, for further signals on the economic outlook and potential Fed policy moves.At the time of writing, silver was trading at $36,025/Toz. Source: Newsmaker.id
The Silver price (XAG/USD) edges lower to around $36 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday. The Greenback receives support from a better-than-expected increase in labor market demand. This, in turn, exerts some selling pressure on the USD-denominated commodity price, as a firmer USD makes Silver more expensive for foreign buyers. Additionally, rising demand for industrial uses might contribute to silver's...
Silver prices are at $36,118 per ounce, reflecting a consolidation phase after a strong rally that took it to a record 13 years ago. Fundamentally, the weakening US Dollar and expectations of an interest rate cut by the Fed provide support for demand for safe-haven assets such as silver. In addition, strong industrial demand, especially from the renewable energy and electronics sectors, which account for more than 50% of global consumption, also support prices. Source: Newsmaker.id
Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market became more confident that the Fed would cut interest rates. US fiscal concerns also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset. Uncertainty ahead of Trump's July 9 tariff policy also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week made the market tend to wait and see. In general, fundamentals still favor strengthening gold. Source: ayu-Newsmaker.id
The metal is under moderate pressure as broader market sentiment favors risk. US equities are holding onto recent gains near record highs. Rising risk appetite continues to weigh on demand for traditional safe-haven assets, capping Silver's upside. Source: Newsmaker.id
Gold prices got a little boost from expectations of a US interest rate cut at the opening on Tuesday (1/7). The market expects three interest rate cuts in the US during the second half of this year, which could support non-yielding assets such as gold. On the gold side, it is also still getting resistance thanks to a combination of a weakening US dollar and global uncertainty that is still raging, especially in the Middle East between Israel and Iran.
Gold prices held steady at around $3,298 per ounce in trading, after strengthening slightly driven by the weakening US dollar. Market players are currently cautiously awaiting the release of US employment data, including the ADP and Nonfarm Payrolls reports, which are scheduled to be released in the middle of this week. Source: Newsmaker.id
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....