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 strengthened on Monday (December 8th) as market expectations grew that the Federal Reserve would cut interest rates in the near future. Stable US inflation data provided room for the Fed to consider policy easing, encouraging investors to return to safe-haven assets. The price strengthening was also bolstered by a weakening US dollar, which made gold more attractive to foreign buyers. Amid this positive sentiment, gold managed to rebound from its previous consolidation level and demonstrate short-term bullish momentum. In addition to monetary policy factors, global geopolitical...
Silver prices are fluctuating today after a strong rally that reached an all-time high of around $59.33 per ounce. The white metal briefly corrected by around 1.4% due to profit-taking, but investor interest remains solid. Inflows into silver-based ETFs last week were the strongest since July, reaching nearly 590 tons, indicating that many market participants believe the silver rally still has room to continue, even though the 14-day RSI indicator is approaching overbought territory and signaling the risk of a technical correction. Fundamentally, the silver rally is supported by...
Silver prices are now stable around $57 per ounce after hitting an all-time high near $59 earlier in the week. A decline of more than 2% in the previous session ended an eight-day rally and pushed silver out of overbought territory, as many traders opted to take profits from the recent rapid rise. Nevertheless, the underlying sentiment remains positive as the market is almost certain the Federal Reserve will cut interest rates at its meeting next week, which typically benefits non-yielding precious metals like silver and gold. At 7:45 a.m. Singapore time, silver edged down 0.2% to $57.02...
Brent oil prices today remain heavily influenced by two main factors: the global demand outlook and supply issues from major producing countries. On the demand side, the market is still grappling with concerns about a global economic slowdown amidst the interest rate cut cycle of major central banks, such as the Fed and Europe. On the supply side, Brent prices are held back by geopolitical risk sentiment and signals of a supply glut. Tensions in oil-producing regions (Russia-Ukraine, the Middle East, and policies toward Venezuela and Iran) remain a price-supporting factor, raising the risk...
Gold prices edged up and held around $4,210 per troy ounce, still comfortably above $4,200. Much weaker-than-expected US private employment data (ADP) weakened the dollar, increasing market confidence that the Fed will cut interest rates by 25 basis points next week. This is the "main fuel" for gold.Going forward, gold's direction depends heavily on US jobless claims and PCE inflation data. If the data increasingly indicates a slowing economy and tame inflation, speculation about a rate cut will strengthen, and gold has the opportunity to rise further. If inflation remains hot, gold's upside...
Gold prices rose again in the Asian session on Wednesday (December 3rd) after holding around $4,164, nearing its highest level since late October. This increase was driven by strong expectations that the Federal Reserve will cut interest rates next week. Speculation that Jerome Powell's successor might be more dovish also weakened the US dollar, giving room for gold—which offers no yield—to strengthen. In addition to interest rate factors, geopolitical tensions such as the Russia-Ukraine conflict have led investors to return to gold as a safe haven asset. Although sentiment in the stock...
This morning, silver prices remained near their record high, trading around $58 per troy ounce. In the past month, silver prices have risen more than 20% and surged nearly 90% in a year, indicating a very strong uptrend. Although profit-taking has caused prices to fall slightly from their peak of around $57.8–$58, the current position remains in a very high zone compared to a few months ago. This sharp rise was supported by expectations of a Fed interest rate cut in December, a weakening US dollar, and safe-haven sentiment amid global economic uncertainty. Meanwhile, industrial demand for...
Brent oil prices are still moving in a relatively strong area as the market focuses on supply risks and expectations of interest rate cuts. On the supply side, the market remains wary of geopolitical tensions in several major producing regions and the production policies of OPEC+ countries. As long as the market perceives potential tightness in supply, or at least not abundance, oil prices tend to be supported as traders worry about sudden supply disruptions. On the other hand, from a demand perspective, expectations that the Fed and other central banks will begin lowering interest rates...
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....