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 (XAU/USD) struggled to capitalize on its modest intraday uptick from a one-week low and remained below the $2,900 level through the Asian session on Tuesday (11/03). Uncertainties surrounding US President Donald Trump's trade policies and its impact on the global economy continued to weigh on investor sentiment. This, in turn, helped the safe-haven bullion to attract some intraday dip buyers near the $2,880 region. Source: Newsmaker.id
Silver prices were little changed on Monday (3/10) after a strong weekly gain of 4.4%, as trade tensions continued to dominate the news and investors awaited U.S. inflation data for insight into the Federal Reserve's next policy move. Market uncertainty deepened after President Donald Trump warned that Canada could soon face retaliatory tariffs on dairy products and lumber. This comes after the U.S. delayed 25% tariffs on a range of Canadian and Mexican goods for a month, while Canada's retaliatory measures remain in place and China's tariffs on certain U.S. agricultural products take...
Gold prices tended to fall at the start of the European trading session, Monday (10/3), and are still stuck in the familiar range of $2897 to $2900 which has persisted for the past week or more. However, the decline remained under control amid concerns about global trade conflicts, which continue to provide support for gold bullion which is a safe haven asset. Source: Newsmaker.id
Gold edged higher in early Asian trading, supported by the prospect of a U.S. recession that could boost the precious metal's appeal as a safe haven. In an interview with Fox News on Sunday, President Trump refused to rule out a U.S. recession this year. "Traders and investors are reacting to the sharp and sudden decline in U.S. economic data," Ole S. Hansen of Saxo Bank said in a research report. Source: Newsmaker.id
Silver (XAG/USD) prices held steady on Friday (3/7) and are currently trading above the mid-$32.00s, hitting their highest levels in over a week reached the previous day. Furthermore, the near-term bias appears to be tilted towards bullish traders and supports the prospect of an extension of the weekly uptrend. Source: Newsmaker.id
Gold bullion prices edged up on Friday (3/7) so far this week. Concerns have mounted over U.S. President Donald Trump's move to impose the largest tariff increase in a century, which has sparked retaliation from several countries and unsettled investors. Economists largely anticipate the levies will lead to higher prices for consumers and slower growth, posing a challenge to the Federal Reserve's dual mandate as it seeks to promote price stability and maximum employment. Source: Newsmaker.id
Silver traded around $32.50 on Friday (07/03), heading for a weekly gain, supported by its appeal as a safe haven asset amid shifting global trade policies. While President Donald Trump halted the 25% tariffs imposed this week on most goods from Canada and Mexico, Canada's initial retaliatory tariffs remain in place, and China's measures come into effect next week. Meanwhile, U.S. jobs data painted a mixed picture, with the Challenger report showing layoffs jumped to a 2020 high, while jobless claims fell more than expected last week. Source: Newsmaker.id
Gold prices fell on Friday (3/7) in early Asian trading.Investors are currently watching the latest developments surrounding tariffs and their impact on the U.S. economy as well as the Federal Reserve's decision. President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering a major reprieve for the U.S.'s two largest trading partners. 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....