Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support. Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S. benchmark, the West Texas Intermediate futures contract , was up 67 cents, or 1.1% at $64.68 by 2:15 p.m. ET. There will be no settlement for WTI futures on Monday due to Labor Day holiday in the U.S. Trading volume for both Brent and WTI was also muted due to that reason. Ukrainian President Volodymyr...
Gold (XAU/USD) started the week on a relatively positive note, with the US dollar (USD) weighed down by a slight decline in US Treasury yields and weaker-than-expected US manufacturing figures. However, the precious metal remains close to recent lows after a 2.5% sell-off late last week.US Treasury yields fell on Monday after a sharp rally last week, taking some of the recent bullish pressure off the US dollar. Investors appeared cautious about placing directional US dollar bets as they prepare for the all-important Federal Reserve (Fed) monetary policy decision on Wednesday.As of this news...
Silver held around $30.5 an ounce on Monday (12/16) after falling more than 4% over the past two sessions, as investors prepared for the latest U.S. Federal Reserve policy decision this week. The Fed is widely expected to cut interest rates by 25 basis points on Wednesday, but traders scaled back expectations for further easing next year. Silver prices were also pressured by persistent demand concerns in major consumer China. Source: Newsmaker
Gold was at $2,650 on Monday (12/16) in early Asian trading. Gold prices gained slightly as the Federal Reserve's final interest rate decision of the year looms, with traders also weighing the policy outlook for 2025.The Fed is widely expected to cut interest rates by a quarter point at its meeting on Wednesday, and swaps traders are pricing in a total of three quarter-point rate cuts over the next 12 months. Lower interest rates are generally positive for gold, as it does not pay interest. Source: Newsmaker.id
Gold (XAU/USD) has given away earlier gains and is trading lower for the second consecutive day during us session. The US Dollar (USD) maintains its bullish tone, supported by rising US Treasury yields, which keeps the precious metal under pressure. Recent US data is showing a resilient US economy with inflation picking up. Donald Trump's high tariffs for imports and restricted immigration are expected to lift consumer prices, forcing the (Fed) to approach cautiously with monetary easing next year.As of this writing,Gold is at $2,657 Newsmaker.id
Gold prices were steady in Asian trade on Friday after posting a sharp decline in the previous session on a stronger dollar, as anticipation of a Federal Reserve meeting next week benefited the greenback.However, the yellow metal held on to most of its gains this week, as safe-haven demand was supported by rising geopolitical tensions in the Middle East and Asia.Spot gold was steady at $2,687.44 an ounce, while February gold futures were flat at $2,709.51 an ounce by 00:00 ET (05:00 GMT). Spot prices are trading up more than 2% this week.The yellow metal pared some of its gains this week as...
Silver began to experience an increase on Friday during the Asian trading session.After the release of US data that affected silver prices yesterday, it tended to decline. Furthermore, market players mostly still expect a 25bps increase by the Fed next week and expect further interest rate cuts next year, although uncertainty remains about the extent of the reduction. Source: Newsmaker.id
Gold continued to fall after mixed U.S. data prompted traders to book profits ahead of the Federal Reserve's final policy meeting of the year. Bullion was trading near $2,690 an ounce after falling 1.4% on Thursday following a report showing U.S. wholesale inflation unexpectedly rose in November, while applications for unemployment benefits rose last week to a two-month high.
Silver prices rallied again to near one-month highs as the latest US inflation data met expectations, strengthening the case for a Federal Reserve rate cut. The market is now pricing in a near 100% chance of a 25 basis point cut at the Fed's meeting next week. In addition, sentiment was boosted by hopes that Beijing will announce more stimulus measures after a key political meeting. Chinese leaders begin a closed-door Central Economic Work Conference on Wednesday, where they will set economic targets and outline stimulus plans for 2025. Earlier this week, the Politburo committed to a...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....