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) prices reversed losses in the Asian trading session although they remain below the highest level in more than a month reached on Thursday (12/12). US consumer inflation data released on Wednesday reaffirmed bets that the Federal Reserve (Fed) will deliver a third straight interest rate cut next week. Moreover, persistent geopolitical risks stemming from the Russia-Ukraine war and conflicts in the Middle East, along with concerns about US President-elect Donald Trump's upcoming trade tariffs, continue to act as a tailwind for the safe-haven precious metal.As of this news...
Silver prices traded with a positive bias above the $32.00 level during the Asian session on Thursday and remained close to the one-month highs hit earlier this week. Moreover, the technical setup suggests that the path of least resistance for the white metal remains to the upside. Source: Newsmaker.id
Gold rose for a fourth straight day after a key U.S. inflation report bolstered expectations for a Federal Reserve rate cut when policymakers meet next week. Bullion traded above $2,720 an ounce — near its highest level in more than two weeks — after consumer price data on Wednesday rose in line with expectations. The report reinforced bets for a 25-basis-point cut at the Fed's final meeting of the year, with swaps traders now largely pricing in the move. Lower borrowing costs typically help bullion, since it doesn't pay interest.
Silver prices fell to below $31.7 per ounce on Wednesday, underperforming other bullion assets amid uncertainty over Chinese industrial demand and weaker currencies for major silver exporters. Reports indicated that the Chinese government is willing to devalue the yuan in response to tariff threats from the US, consistent with its pledge to loosen monetary policy, making Chinese exports cheaper for foreign markets. Until this News Released Silver Price is at level: $ 31,679 Source: Newsmaker.id
Gold prices held steady near a two-week high in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East supported safe-haven demand.The yellow metal also found some bids as markets turned risk-averse ahead of key U.S. inflation data due later Wednesday, which is likely to factor into the interest rate outlook.As of this writing, gold is trading at: $2,698 Newsmaker.id
Gold (XAU/USD) prices extended its weekly uptrend for the third straight day on Wednesday and climbed to a two-and-a-half-week high during the Asian session. The commodity now looks to extend its momentum beyond the $2,700 mark and remains well supported by a combination of factors. Geopolitical risks stemming from the escalating Russia-Ukraine war and tensions in the Middle East, along with concerns over US President-elect Donald Trump's tariff plans, continue to boost safe-haven demand. Until this News Released Gold Prices Were at Level: $ 2,683
Gold prices steadied near a two-week high in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East underpinned safe haven demand. The yellow metal also caught some bids as markets turned risk-averse ahead of key U.S. inflation data due later on Wednesday, which is likely to factor into the outlook for rates. Among industrial metals, copper prices rose sharply on sustained optimism over more stimulus measures in top importer China. Encouraging copper import data from the country also aided sentiment. Source: Investing.com
Gold rose during the North American session on Tuesday with buyers eyeing the $2,700 mark for the first time since November 25. One of the drivers of the yellow metal's rise was expectations that the Federal Reserve (Fed) will cut interest rates at its December meeting. At the time of writing, XAU/USD was trading at $2,694, up 1.32%. US economic data released on the day showed that small businesses have grown optimistic about the economy, according to a survey by the National Federation of Independent Business. However, traders are focused on the release of US inflation figures on the...
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....