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...
Silver (XAG/USD) prices fell on Thursday (3/13). As Investors are now waiting for the US Producer Price Index (PPI) data due later today to gain further insight into the Fed's monetary policy. Source: Newsmaker.id
Gold prices continued to show their strength in the European trading session on Thursday (3/13).The appeal of gold as a safe haven asset that is growing rapidly may surge to a record high of $3,500 per ounce during the third quarter, according to Macquarie Group analysts.This is still supported by uncertainty surrounding geopolitics and US President Donald Trump's tariff policies. The worsening US budget outlook suggests inflation could increase, which will benefit gold as a hedge, according to Macquarie. Source: ads- Newsmaker.id
Gold edged up in early Asian trading. The European Union and Canada announced retaliatory tariffs against the US on Wednesday, further raising the prospect of a global trade war after the US imposed levies on global steel and aluminium imports. Gold rallied to bring it back near a record, after weaker-than-expected US inflation supported further Federal Reserve monetary easing this year, while an escalating global trade war prompted safe-haven buying. Source: Newsmaker.id
Silver prices (XAG/USD) rose in European trading hours on Wednesday (3/12), the highest level seen in more than two weeks. The white metal strengthened as deepening fears of a slowdown in the United States (US) economy have weakened the US Dollar (USD). Investors expect the US economy to be exposed to recession as President Donald Trump's tariff policies could weigh on consumer demand in the near term, assuming the tariffs will be inflationary. Fears of a US recession increased after comments from US Commerce Secretary Howard Lutnick in a CBS interview on Tuesday suggested that the...
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after saying he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by tariffs. Source: Newsmaker.id
Gold edged up early in the Asian session, supported by concerns about a global economic slowdown that could be triggered by tariffs. President Trump on Tuesday threatened to double tariffs on Canadian metals, but later backed off the threat after the province of Ontario dropped a surcharge on electricity bound for the U.S. There are growing concerns about a potential economic slowdown in the U.S., FlowCommunity's Ruben Ferreira said in an email. Source: Newsmaker.id
Gold prices moved above the $2900 area during the European session on Tuesday (11/3).This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge. Source: Newsmaker.id
Silver prices (XAG/USD) surged sharply in the European session on Tuesday (11/3). The white metal strengthened as the US Dollar (USD) faced a sharp sell-off, with investors being cautious about the outlook for the United States (US) economy due to President Donald Trump's tariff agenda. The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six major currencies, fell near 103.35, the lowest level seen in four months. A lower US Dollar makes precious metals, such as Silver, more attractive to investors. 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....