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 are slowly recovering from their fairly sharp decline at the start of the Asian trading session on Monday (7/4).Gold prices fell around 2% to $2,970, this is still supported by profit-taking actions that are very dominant accompanied by the effects of the trade war.Gold bullion, which has repeatedly touched record highs in recent weeks, fell as much as 2.2% to below $3,000 an ounce, while copper fell as much as 7.7% in London, the most in five years. This follows the metal's defeat against oil which saw the Bloomberg Commodity Index plunge 5.8% last week, its worst performance...
Silver prices fell to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump. Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil. Source: Newsmaker.id
Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls. China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures. Source: Newsmaker.id
Silver prices fell to around $31.50 an ounce on Friday (4/4), bringing weekly losses to nearly 8% as global trade and economic concerns sparked a broad sell-off across financial markets. The decline followed US President Donald Trump's announcement of a 10% base tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%) and India (27%). Source: Newsmaker.id
Gold hovered around $3,083 early in the European session on Friday, Thursday's selloff following President Trump's blanket tariff announcement created a more attractive entry point for investors to take a long position—or an increase in value—in gold, Goldman Sachs analysts said in a note.On the other hand, gold prices remain structurally supported by ongoing emerging market central bank buying. Source: Newsmaker.id
Silver prices fell more than 1% to hit a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures.Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit.Until this news was released, Silver price was at $ 31,534 Source: Newsmaker.id
Gold held above $3,110 an ounce on Friday, set for a fifth straight weekly gain after repeatedly hitting all-time highs, driven by risk aversion stemming from U.S. tariffs.Trump announced a 10% base tariff on imports from all countries, along with higher duties on some of the U.S.'s biggest trading partners, prompting retaliatory measures from those countries. Meanwhile, gold weakened on Thursday, pressured by profit-taking and reports that the precious metal is exempt from Trump's tariffsAs of this writing, Gold Price is at $3,098 Source: Newsmaker.id
Silver prices fell on Thursday (03/4), The price of the white metal became vulnerable after United States (US) President Donald Trump revealed a detailed reciprocal tariff plan for his trading partners. The "Buy the Rumor and Sell the News" indicator forced traders to trigger the sell button for Silver prices. The metal had previously performed strongly, along with Gold, from the past few months as investors became increasingly convinced that Trump's tariffs would be inflationary and weigh on economic growth globally, including in the US. Technically, the appeal of Silver prices increases...
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....