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 rose to a record high as concerns about a widening trade war remained top of mind for investors, after President Donald Trump pushed ahead with U.S. tariffs on all auto imports. Gold is on track for a fourth weekly gain, with prices supported by rising demand for safe haven assets. Markets are also bracing for a fresh round of trade levies on April 2 as the White House prepares to implement so-called reciprocal tariffs. The exact scope of the plan is unclear. Source: Newsmaker.id
Silver prices rose above $34 an ounce on Thursday (03/27), extending weekly gains to more than 2% as escalating global trade tensions fueled demand for safe-haven assets. On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, which will take effect on April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—measures he has vowed to maintain throughout his second term. Source: Newsmaker.id
Gold prices edged up, as of this writing, trading at $303. Prices have been hovering near record highs since U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no rush, tariff inflation is 'transitory'," said analysts at Peak Trading Research.Source: Newsmaker.id
Gold prices were steady for a second day Thursday (3/27), near a record high as U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. On Wednesday, Trump signed a proclamation to impose a "permanent" 25% tariff on all cars not made in the U.S. starting April 2. However, concerns that the president would further escalate trade tensions between the U.S. and global partners were eased when he said some of the reciprocal duties to be announced next week would be "very soft." Trump also said he would consider...
Currently, the price of gold continues to move in the $3012-$3028 area on Wednesday (3/26).Meanwhile, Copper metal is in the spotlight after United States (US) President Donald Trump said on Tuesday that Copper tariffs will be implemented in the coming weeks, which is much faster than the market anticipated.From the geopolitical side, there is also a major risk in Ukraine, where a Black Sea ceasefire agreement is being discussed. Ukrainian President Volodymyr Zelenskiy quickly supported the breakthrough and said his country was ready to comply with it immediately. Source: Newsmaker.id
Silver prices fell on Wednesday (3/26) in Asia, as the dollar strengthened and market participants awaited the US Personal Consumption Expenditure data on Friday for clues on the Fed's next move. Source: Newsmaker.id
Gold prices were steady on Wednesday (3/26) near a record high after U.S. consumer confidence fell sharply, signaling trouble for the U.S. economy. Consumer confidence fell to a four-year low in March on concerns about escalating trade wars and higher prices, adding to gold's appeal as a safe haven asset. Meanwhile, the U.S. announced that Russia and Ukraine had reached a ceasefire deal in the Black Sea. The Kremlin confirmed the statement, but said it was conditional on Washington lifting sanctions on banks and companies involved in agricultural exports. Source: Newsmaker.id
Silver prices held steady above $33 an ounce on Tuesday, recovering from recent losses as trade uncertainty and broader economic concerns fueled demand for safe-haven assets. Hopes that US President Donald Trump could take a more targeted approach to tariffs before an April 2 deadline provided some relief to markets. However, his pledge on Monday to impose levies on auto, pharmaceutical and other industries added to the uncertainty. Meanwhile, expectations of further interest rate cuts from the US Federal Reserve also supported silver prices. 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....