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 moved in the area of $3361 at the beginning of the Asian trading session on (04/06) after experiencing a decline of more than 1% on Tuesday after employment data from the United States (US), which revealed that the labor market remains tight. Trump signed a directive that raised steel and aluminum tariffs to 50% from 25%. Meanwhile, China this week claimed the US had "seriously damaged" the recent ceasefire, and the European Union warned of new countermeasures if the US followed through on tariff threats. Source: Newsmaker.id -ayu
Gold prices fell more than 1% on Tuesday (03/6) as jobs data from the United States (US), which revealed that the labor market remains tight. Investors' mood turned optimistic after the release of the latest US Job Openings & Labor Turnover Survey (JOLTS), which showed that job openings rose sharply in April. The data was positive, ahead of a busy week with the release of much-anticipated jobs data. Source: Newsmaker.id
Silver Prices Rise After increasing uncertainty over global trade policies and potential economic impacts, investors turned to precious metals as a hedge, pushing silver prices higher along with gold. As of this writing, Silver is at $34,126 Source: Newsmaker.id
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold rose more than 2% on Monday to its highest in more than three weeks, as a weaker dollar and a combination of geopolitical risks and economic uncertainty fueled investor demand for safe-haven assets. In addition, tensions between Washington and Beijing resurfaced after U.S. President Donald Trump on Friday accused China of violating an agreement with the U.S. to mutually lift tariffs and trade restrictions on critical minerals. Source: Newsmaker.id
Gold (XAU/USD) prices rose to a one-week high, surpassing the $3,350 level during the early European session on Monday (July 2) and looks set to continue rising amid a combination of supportive factors. The Personal Consumption Expenditures (PCE) Price Index released on Friday further showed signs of easing inflationary pressures in the US and strengthened the case for further interest rate cuts by the Federal Reserve (Fed). This, in turn, prompted fresh US Dollar (USD) selling and acted as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Rise After President Donald Trump's announcement to double import tariffs on foreign steel and aluminum to 50% has sparked more concerns over global trade As of this writing, Silver is at $33,104 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....