Oil prices fell on Friday (August 29th) but were poised for weekly gains, swayed by uncertainty over Russian supplies and expectations of falling demand as the summer driving season nears its end in the United States, the world's largest fuel consumer. Brent crude futures for October delivery, which expire on Friday, fell 36 cents, or 0.5%, to $68.26 at 08:16 GMT, while the more active November contract fell 29 cents, or 0.4%, to $67.69. West Texas Intermediate crude futures fell 28 cents, or 0.4%, to $64.32. Brent was poised for a weekly gain of 0.8%, while WTI was expected to rise 1%....
Silver prices weakened on Wednesday (August 27th), as the US dollar strengthened slightly after being pressured by concerns about the independence of the Federal Reserve. President Donald Trump's attempt to dismiss Fed Chair Lisa Cook triggered an influx of funds into safe-haven assets, including precious metals. However, the recovery of the dollar index above 98 again put pressure on silver and other precious metals. Source: Newsmaker.id
Gold prices (XAU/USD) fell in the Asian session on Wednesday, after touching a two-week high of around $3,395. Pressure came primarily from profit-taking and a moderate strengthening of the US dollar, causing the price to correct from its peak. Despite the weakening, gold's downside is expected to be limited. Market concerns about the Fed's independence—amid US President Donald Trump's increasingly aggressive efforts to oust one of its governors—tend to maintain interest in safe-haven assets. In such situations, gold typically remains in demand as a hedge. DISCLAIMER Note: This...
According to the latest data, the spot silver price is under some pressure and is hovering in the range of USD 38.54–39.00 per ounce, continuing its upward trend from last week, when it rose more than 33% this year—reaching its highest level in almost 14 years. This morning's fundamentals remain strongly supportive of a bullish silver outlook. The impetus comes from a combination of a structural supply deficit, surging industrial demand—particularly from the renewable energy and technology sectors—and rising expectations for silver's role as a safe-haven. HSBC's revised forecast also...
Despite tight short-term supplies, there are concerns that global oil production will increase, including from non-OPEC producers. This expectation has shifted sentiment toward bearishness, particularly for long-term contracts. Brent has recently been trading at a slight discount to the Dubai Crude price for Asian markets. This is rare and reflects abundant Brent supply for Asia, prompting Asian buyers to shift to the typically cheaper Dubai Crude. Source : Newsmaker.id
Silver prices (XAG/USD) strengthened in European trading (August 26th), rebounding from the previous session's decline. This strengthening was largely driven by political uncertainty in the US, following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. This move sparked concerns about the Fed's independence and the direction of monetary policy, prompting investors to seek safe-haven assets like silver. Beyond political factors, industrial demand for silver remains solid, particularly from the renewable energy sector. Recent data shows that Chinese solar cell exports...
Oil prices reversed after a four-day rally as the market sought certainty about supply. Investors were also monitoring the impact of US President Donald Trump's decision to remove Fed Chair Lisa Cook, which sparked concerns about the central bank's independence and dampened risk appetite. Fundamentally, oil prices remain within a narrow range. OPEC+ has increased production in recent months (including around 547,000 bpd for September), while the IEA warned of the risk of a surplus heading into 2026 despite supply disruptions caused by Ukraine's attack on Russian energy infrastructure. The...
Silver prices showed some strength this morning, as market participants shifted their attention to the precious metal as a safe-haven asset following the dismissal of Federal Reserve Chair Lisa Cook. This action has undermined investor confidence in the independence of the US central bank and weakened the dollar. Demand for safe-haven assets such as gold and the yen has increased, driving the dollar index lower and increasing expectations of faster interest rate cuts. Due to the weakening dollar, silver has again found support from investors seeking a safe haven. Source: Newsmaker.id
Gold prices have the potential to gain support this morning following news of US President Donald Trump's removal of Federal Reserve Governor Lisa Cook. This action raises uncertainty regarding the direction of the Fed's monetary policy, as Trump's move is seen as an attempt to expand his influence over the central bank. Political uncertainty and the risk of intervention in the Fed's independence typically drive investors to seek safe-haven assets, including gold, to cushion price declines or even drive gains in early trading. Furthermore, market expectations for a Fed interest rate cut...
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....