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 prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners. On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products. Source: Newsmaker.id
Gold steadied after a rally when President Donald Trump confirmed he would impose tariffs on U.S. trading partners, deepening concerns about the global economic outlook and fueling buying of the precious asset. Bullion traded near $2,892 an ounce — following a 1.2% gain on Monday — as the U.S. leader said Mexico and Canada could not negotiate a suspension of tariffs set to take effect on Tuesday and then signed an order doubling levies on China to 20%. Geopolitical events were also in the spotlight, after a senior defense official said the U.S. was halting all military aid to...
Silver (XAG/USD) prices bounced back after two consecutive days of losses, trading on Monday (03/03). The precious metal benefited from safe-haven demand amid concerns over US President Donald Trump's tariff policies. Over the weekend, Trump announced an additional 10% tariff on Chinese imports, effective Tuesday, following a similar 10% tariff imposed last month. Additionally, on Thursday, he stated via Truth Social that a 25% tariff on Canadian and Mexican goods would go into effect on March 4. Source: Newsmaker.id
Gold rose throughout the early European session on Monday (03/03) as the dollar weakened and demand for safe-haven assets increased. Gold futures rose 1.1% as geopolitical concerns increased as hopes for a short-term peace deal between Russia and Ukraine faded, increasing the appeal of safe-haven assets. Source: Newsmaker.id
Silver prices rose on Monday, helped by a weaker dollar, while stalled peace efforts in Ukraine and concerns over U.S. tariffs fueled demand for the precious metal as a safe haven asset. Source: Newsmaker.id
Gold prices touched the $2876 area at the start of the Asian session on Monday (3/3) after closing at $2856. Resurgent concerns about economic health have raised market expectations for a Federal Reserve interest rate cut, which also adds to the appeal of gold bullion as a non-yielding asset. Meanwhile, investors are considering the economic outlook as US President Donald Trump prepares to impose import levies on major US trading partners. Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Silver extended losses on Friday, weighed down by demand uncertainty, strong supply and a strong dollar. Investors also weighed the latest PCE report, which showed U.S. PCE prices rose 0.3% month-on-month and 2.5% year-on-year, while consumer spending unexpectedly fell 0.2% and income jumped 0.9%. Adding to market concerns, President Donald Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4, along with an additional 10% duty on Chinese imports. Source: Newsmaker.id
Gold prices fell more than 1% on Friday (28/2) as the dollar held near its highest level in two weeks after US inflation data matched expectations, suggesting the Federal Reserve may be cautious about additional interest rate cuts. Higher interest rates stoked the appeal of gold that did not provide an unbalanced yield. However, gold as a safe haven asset is set for a second straight monthly gain, driven by concerns over Trump's tariff plans. 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....