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 traded around $31.50 an ounce on Tuesday (2/4), holding near their highest level since early December as the escalating trade war between the U.S. and China boosted demand for safe-haven assets. China announced retaliatory tariffs after President Donald Trump's 10 percent tariffs on all Chinese imports went into effect. Earlier, Trump agreed to impose 25 percent tariffs on Canada and Mexico for a month after the countries agreed to take tougher action on immigration and drug trafficking. Source: Newsmaker.id
Gold attracted some sellers following an intraday rally that re-approached all-time highs and traded in neutral territory heading into the European session on Tuesday (February 4).However, the decline remained muted amid concerns about the potential economic impact of US President Donald Trump's trade tariffs, which may continue to support safe-haven bullion.In addition, expectations that Trump's protectionist policies will lead to higher US inflation could further benefit the precious metal's status as a hedge against rising prices.Meanwhile, Trump's decision to temporarily suspend tariffs...
Silver edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs. US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism. Source: Newsmaker.id
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand. Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove gold prices to touch $2,830 on Monday (3/2) At the time of writing, gold was at $2,815 Source: Newsmaker.id
Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump's massive tariff measures. The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware. Source: Newsmaker.id
Gold (XAU/USD) prices steadied from most of their intraday losses and climbed back closer to the $2,800 mark in Europe on Monday (3/2). Bullion traded just below $2,790 an ounce, with the dollar surging beyond haven demand as the world braces for a trade war after President Donald Trump imposed tariffs on Canada, Mexico and China. Source: Newsmaker.id
Silver prices fell at the start of the Asian trading session on (03/2)This was driven by President Donald Trump imposing import tariffs from Canada, Mexico, and China, with the dollar soaring beyond demand for safe assets as the world prepares for a trade war. At the time of writing, Silver Prices were at $30,907 Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Gold (XAU/USD) prices moved lower to around $2,795 during the early Asian session on Monday (03/02). The yellow metal faced pressure from a stronger Greenback after US President Donald Trump imposed tariffs over the weekend. On Saturday, Canada was informed that the United States would impose 25% tariffs on Canada and Mexico while China would be slapped with 10% tariffs. Canadian energy will be subject to a 10% tariff, according to CTV. The tariffs will go into effect on Tuesday. Canada, Mexico, and China have vowed to respond to the new broad tariffs on their exports to the US...
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....