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 futures fell as safe-haven demand waned, and investors approached the main US position. Gold futures fell 1.3% to $3,167.42 per troy ounce, the lowest level since April 10.The appeal of the precious metal was hit by the US-China deal on Monday when the two countries agreed to significantly reduce tariffs, which triggered risk-on sentiment in the market. Meanwhile, market players are currently still waiting for several important data to be released tonight, and the speech of the Fed chairman regarding the prospects for US monetary policy going forward. Until this news was released, the...
Silver (XAG/USD) prices extended their decline for the second straight session, trading below $31.90 per troy ounce during Asian hours on Thursday (5/15). The decline follows productive US-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a period of 90 days—a significant step towards de-escalation. While this has eased market fears of a prolonged trade war, uncertainty remains over what will happen after the agreement is concluded, with further negotiations expected in the coming weeks. Reducing...
Silver prices fell as market players await Federal Reserve (Fed) Chairman Jerome Powell's speech on Thursday on the interest rate outlook after weak inflation data and the US-China trade truceUntil this news was released, Silver prices were at $ 32,215 Source: Newsmaker.id
Gold prices plunged for the second day in three on Wednesday, mainly driven by improved risk appetite following positive trade news related to the United States (US). This, along with a bearish technical chart pattern, pushed the yellow metal below the $3,200 mark for the first time since April 11.As of this writing, Gold prices are at $3,175 Source: Newsmaker.id
Silver prices fell below $33 an ounce on Wednesday (5/14), promising a rise from the previous session as easing global trade tensions reduced demand for safe-haven assets. The decline follows productive U.S.-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a 90-day period—a significant step toward de-escalation. Source: Newsmaker.id
Gold moved in the $3230 area during the European trading session on Wednesday (5/14), several supporting factors are now easing, one of which is from the geopolitical side and the US-China trade war. This continues to weigh on its appeal as a safe haven asset. The precious metal remains about a fifth higher this year, after hitting a record high above $3,500 an ounce last month as trade tensions escalate. Investors worry that the confrontation could trigger a slowdown in growth or recession, as well as faster inflation. Until this news was released, the price of gold was at the level of $...
Silver (XAG/USD) extended its decline during the Asian session on Wednesday (5/14) sparking some extended selling. The white metal dropped to a fresh intraday low, although the mixed technical setup warrants caution before positioning for deeper losses. Source: Newsmaker.id
Gold fell on Wednesday, giving back gains from the previous session, as easing trade tensions between the U.S. and China continued to weigh on its safe-haven appeal. Additionally, bullion found some support after the annual U.S. inflation rate eased to 2.3% in April—the lowest since February 2021 and below market expectations of 2.4%. The report supported the non-yielding metal, as it gave the Federal Reserve more latitude to continue with potential interest rate cuts. 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....