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 is currently at $36,075, slightly weakening after selling pressure from the broader precious metals market. Fundamentally, this decline was influenced by the easing of global geopolitical tensions, especially after the ceasefire between Iran and Israel, which reduced demand for safe haven assets such as gold and silver. In addition, economic data from China as the largest consumer of industrial metals still shows weakness, especially from the manufacturing sector, which adds to concerns about short-term demand. From the US side, expectations of an interest rate cut by the Fed in...
Silver price slides over 2% to near $35.85 during European trading hours on Friday. The white metal faces a sharp selling pressure due to improvement in trade relations between the United States (US) and China and no signs of Israel-Iran truce violation. During the European trading session, a spokesperson from the Chinese Ministry of Commerce confirmed that Beijing has agreed to expedite exports to rare earths to the US, while Washington will revoke non-tariff barriers. Meanwhile, an increase in Federal Reserve (Fed) dovish bets due to tensions between Donald Trump and Chair Jerome Powell...
Gold fell to $3,280 an ounce on Friday, hitting a four-week low, as fading geopolitical risks and easing concerns about a prolonged trade conflict dampened demand for the safe-haven asset. The U.S. and China are finalizing details of their London trade deal, which will implement the Geneva consensus. Meanwhile, investors continue to assess the prospects for a Fed rate cut, with reports suggesting President Trump may announce his Fed chair nominee as early as September or October, likely favoring a candidate who supports looser monetary conditions. Source: Newsmaker.id
Gold prices were trading around $3,320 per ounce on Friday afternoon, pressured by stronger-than-expected US economic data. A decline in jobless claims and a surge in durable goods orders fueled concerns that the Federal Reserve might delay interest rate cuts. This reduced the appeal of gold, which tends to strengthen when interest rate prospects fall. Despite increasing fundamental pressures, geopolitical and political uncertainty in the US still supports demand for gold as a hedge. The market focus is now on the PCE inflation data to be released tonight. Technically, gold is still holding...
Gold (XAU/USD) attracted some buyers for the second straight day on Thursday (6/26) and maintained its positive bias through the first half of the European session. The US Dollar (USD) selling remained unabated amid reports that US President Donald Trump is considering replacing Federal Reserve (Fed) Chairman Jerome Powell, which raised concerns about the central bank's future independence. Also, bets that the Fed will resume its rate-cutting cycle as early as July dragged the USD to a more than three-year low and benefitted the non-yielding yellow metal. Source: Newsmaker.id
Silver prices are currently around $36,366, recording moderate gains in the early session on Thursday (6/26) as the US Dollar weakens and Treasury bond yields decline. Market sentiment tends to be cautious but still shows interest in safe-haven assets such as silver, especially amid uncertainty over US tariffs and the direction of the Fed's monetary policy. Technically, silver is still above the support of the medium-term rising channel, with momentum starting to stabilize even though the RSI indicator shows conditions approaching overbought. Source: Newsmaker.id
In this morning's session, gold prices remained stable at around $3,334 per ounce, reflecting investors' cautious steps towards geopolitical news and global monetary policy. The ceasefire between Israel and Iran is still being maintained, easing concerns about the escalation of conflict in the Middle East, thus reducing the urge for safe-havens such as gold. However, the pressure on the weakening dollar and the prospect of US-Iran diplomatic talks provide fundamental support that restrains selling pressure. The initial signal from the Federal Reserve to cut interest rates—which is not the...
Gold steadied as traders weighed a truce in the Middle East and weak US economic data that fueled hopes for Federal Reserve interest-rate cuts. Bullion traded little changed near $3,330 an ounce, after closing down 1.3% on Tuesday. The truce between Israel and Iran appeared to hold, easing demand for haven assets, after US President Donald Trump lashed out at both sides for early breaches. Meanwhile, US data showed consumer confidence has declined unexpectedly in June, signaling ongoing anxiety about tariff-driven impacts on the economy and the jobs market. That...
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....