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 held around $31.20 an ounce on Friday and are set to fall nearly 4% for the week, pressured by demand uncertainty, strong supply and some profit-taking. A stronger dollar also weighed on silver prices after U.S. President Donald Trump confirmed Thursday that his proposed 25% tariffs on Mexico and Canada would go into effect on March 4, along with an additional 10% duty on imports from China. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces (moz), marking the second-highest production...
Gold prices fell on Friday (28/2) and were set to post their biggest weekly decline since November on a stronger dollar, while investors awaited key U.S. inflation data for clues on the direction of Federal Reserve monetary policy. The dollar index, meanwhile, was set for a weekly gain of 0.7%, making dollar-priced gold more expensive for foreign buyers. In addition, IG market strategist Yeap Jun Rong said. "Although gold is considered a safe asset, uncertainties on the trade front may still cause profit-taking to spread further, amid a stronger U.S. dollar," Gold price when this news was...
Gold (XAU/USD) prices triggered some extended selling for the second straight day and fell to a more than two-week low as Speculation that the Federal Reserve (Fed) will maintain its hawkish stance on the back of persistently high inflation helped the dollar extend this week's recovery from its lowest level since December 10. This turned out to be a key factor driving flows away from the non-yielding yellow metal.Gold price at the time of this news release was at $2,864 Source: Newsmaker.id
Silver maintained support and showed a modest recovery from a four-week low reached during the Asian session on Friday. The white metal is currently trading around the $31.35 region, up over 0.30% for the day, although there was no follow-through buying as traders eagerly await the release of the US Personal Consumption Expenditures (PCE) Price Index.As of this writing, silver is trading at $31,197 Source: Newsmaker.id
Silver prices continue to face selling pressure. The white metal fell nearly 0.3% on Thursday (27/2) as US Treasury yields have bounced back after six consecutive days of declines. Meanwhile, US President Donald Trump's tariff agenda continues to support Silver prices. On Wednesday, Trump reiterated threats to impose 25% tariffs on cars and other goods imported from the Eurozone. Source: Newsmaker.id
Gold prices fell to their lowest in more than two weeks on Thursday (27/2) as the U.S. dollar strengthened, with investors awaiting key inflation data that could shed light on the Federal Reserve's monetary policy path. Meanwhile, U.S. President Donald Trump said on Thursday that his proposed tariffs on imports from Mexico and Canada would go into effect on March 4 as scheduled, adding that China would be hit with an additional 10% on that day. Source: Newsmaker.id
Silver maintained its recent decline to around $31.7 an ounce in late February amid strong demand and supply uncertainty. Profit-taking also weighed on silver prices, although the metal is still up about 10% this year. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces moz, the second-highest production level in its 134-year history. On the demand side, purchases of U.S. silver coins fell 27% year-on-year in January to 3.5 moz, the lowest January demand since 2018. Meanwhile, weak U.S. economic data...
Gold weakened to the area of $2886 per troy ounce on Thursday (27/2) at the beginning of the European session, this was supported by the strengthening of the US dollar and rising Treasury yields. Meanwhile, on Wednesday, US President Donald Trump said his administration would impose a 25% tariff on the EU, while a White House official later said the deadline for Canadian and Mexican tariffs remained March 4 and Trump had not decided whether to grant another extension. This is still a factor in the increase in this Precious Metal in the long term. The price of gold when this news was...
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....