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...
Gold prices were stable in the European session on Tuesday (10/6), supported by market players awaiting developments from the second day of US-China trade talks in London, while a stronger dollar limited potential gains. US President Donald Trump said his administration was "successful" in the negotiations. Last month, the two sides agreed to temporarily suspend tariffs on each other, which provided some relief to financial markets. Source: Newsmaker.id -ayu
Silver prices fell, but remained above $36.00 per troy ounce during the Asian session on Tuesday. Precious metals prices, including silver, were pressured by a stronger US dollar, weaker demand amid growing hopes for an easing of tensions between the United States (US) and China, which continued their talks for a second day on Tuesday. The US indicated that it would ease certain restrictions on technology exports, in return for assurances that China would ease restrictions on rare earth shipments. According to US and Chinese officials are expected to meet again for a second day on...
Gold prices rose on Monday (09/06), supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at easing tensions, while platinum extended gains for a sixth straight session to hit a four-year peak. Source: Newsmaker.id
Silver prices rose above $36 an ounce on Monday (09/06), hitting their highest level in more than 13 years as safe-haven demand remained strong amid global economic and trade uncertainty. The metal also found support from the recent underperformance of gold, which has prompted investors to turn to alternative precious metals Investors are cautious ahead of a key meeting between the US and China, with sentiment dampened by disappointing Chinese export data. In May, Chinese exports fell short of expectations, weighed down by a sharp drop in shipments to the US, underscoring ongoing trade...
Gold was steady on Monday (6/9) — after dropping nearly 2% over the previous two sessions — as the next round of U.S.-China trade talks offered hope that tensions between the two largest economies could ease. Bullion prices were trading above $3,315 an ounce, after falling on Friday as better-than-expected U.S. jobs data eased some concerns about the country's economic slowdown. Top trade negotiators from Washington and Beijing are set to hold fresh talks in London on Monday, with China's dominance in rare earth production a major focus. Source: Newsmaker.id
Gold prices reversed earlier gains and fell by up to 1% after data from Non Farm Payroll showed an improvement in the latest labor data and market views that there is a decrease in tensions in the US-China trade war. Nonfarm Payrolls (NFP) in the United States (US) rose by 139,000 in May, the US Bureau of Labor Statistics (BLS) reported on Friday. This followed a gain of 147,000 (revised from 177,000) recorded in April and slightly better than the market expectation of 126,000. Other details from the report showed that the Unemployment Rate remained steady at 4.2% as anticipated, while the...
Silver (XAG/USD) prices remain firm for the second straight session, holding near its highest level since February 2012. The grey metal is trading around $36.16 per troy ounce as it enters the European session on Friday. Precious metals prices, including silver, surged as demand for safe-haven assets increased amid weak economic data from the United States (US), which fueled expectations of a Federal Reserve (Fed) interest rate cut. Weekly Initial Jobless Claims rose to 247,000 on Thursday, above expectations of 235,000.
Gold prices trimmed their gains ahead of entering the European session on Friday (6/6). This movement occurred because many investors preferred to wait for the release of important data from America tonight as a reference for future economic policy. Nonfarm payrolls data to be released on Friday is expected to be lower for May, especially after a series of weak labor market data throughout the week. The US hiring trend has been hampered by increasing uncertainty over economic policy under Trump, especially his tariff agenda.
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....