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 extended Friday's rally, to its highest in more than three months and outperforming other bullion as demand in electrification and manufacturing added support from the global safe haven. An unexpected recovery in the ISM Manufacturing PMI for January boosted the outlook for US factory demand after more than two years of monthly contraction. Also, new data showed that China is installing 357 gigawatts of solar and wind power by 2024, among the major industrial uses of silver. Also in solar power, Oil and Natural Gas Corporation of India has pledged to invest INR 1 trillion in...
Gold fell on Friday (2/14) after testing a record high of $2,940 earlier in the session as markets weighed global demand for safety and the outlook for Fed monetary policy. US President Donald Trump said the US would mediate a ceasefire with Moscow over Russia's war with Ukraine, raising expectations that the conflict could end soon, supporting riskier assets in Europe. Source: Newsmaker.id
Silver continued its rally past $33 an ounce on Friday (2/14), its highest level in more than three months and outperforming other bullion as its demand in electrification and manufacturing added support from the global shift to safe assets. Sumber: Newsmaker.id
Gold prices rose on Friday (2/14) and were set for a seventh straight weekly gain as concerns over a potential global trade war grew after U.S. President Donald Trump pushed for tit-for-tat tariffs. Spot gold rose 0.3% to $2,936.79 an ounce by 0828 GMT, bringing its weekly gain to 2.7%. Bullion hit a record high of $2,942.70 on Tuesday. U.S. gold futures rose 0.5% to $2,961.40. Source: Newsmaker.id
Silver (XAG/USD) prices traded in positive territory for the third straight day during the Asian session on Friday. Growing concerns about US President Donald Trump's tariff policies continued to support the white metal. Traders are gearing up for US Retail Sales for January, due out on Friday.US President Donald Trump has vowed to target countries that tax US imports by matching them with reciprocal tariffs. Late on Thursday, Trump ordered his administration to begin a study assignment in early April, fueling fears of a global trade war, boosting safe-haven assets like Silver. As of this...
Gold prices were steady on Friday (2/14) as concerns grew about U.S. President Donald Trump's upcoming tariff plans, which could further strain global trade relations.Reciprocal tariffs would be Trump's broadest action to address the U.S. trade deficit, but his decision not to immediately implement them could be seen as an opening offer for negotiations rather than a sign that he is committed to following through. The president has already imposed 10% levies on Chinese goods and plans to impose 25% duties on all U.S. steel and aluminum imports next month. Source: Newsmaker.id
Gold prices were steady on Friday (2/14) as concerns grew about U.S. President Donald Trump's upcoming tariff plans, which could further strain global trade relations.Reciprocal tariffs would be Trump's broadest action to address the U.S. trade deficit, but his decision not to immediately implement them could be seen as an opening offer for negotiations rather than a sign that he is committed to following through. The president has already imposed 10% levies on Chinese goods and plans to impose 25% duties on all U.S. steel and aluminum imports next month. Source: Newsmaker.id
Silver (XAG/USD) held steady and traded above $32 an ounce on Thursday (2/13). Traders also shrugged off the possibility of a peace deal with US President Donald Trump and Russian President Vladimir Putin, who spoke by phone to outline an imminent meeting to outline a peace deal. 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....