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...
In the morning session in Singapore at around 7:36 a.m., gold prices were recorded as having risen 0.7% to $4,187 per ounce, while the Bloomberg Dollar Spot Index was flat, indicating no significant pressure from the strengthening dollar. Gold prices were stable but remained on track to rise for the fourth consecutive month. In Asian trading on Friday (November 28th) morning, positive sentiment stemmed from expectations that the Federal Reserve would cut interest rates next month. Comments from several Fed officials and the delayed release of economic data have made the market increasingly...
Gold prices (XAU/USD) weakened in the Asian session on Thursday (November 27), retreating from the nearly two-week high reached the previous day. More positive market sentiment, supported by hopes for a Russia-Ukraine peace deal and the prospect of lower global interest rates, prompted some funds to shift away from safe-haven assets like gold. This occurred amid thin trading volume due to the Thanksgiving holiday in the United States. However, gold's weakness so far appears limited. The market remains confident that the Federal Reserve will cut interest rates at its December meeting, while...
Silver prices have rallied again as US bond yields fall and expectations mount that the Fed will cut interest rates at its December meeting. This has made non-yielding assets like silver attractive again, especially since its movements tend to be more aggressive than gold.Going forward, silver's direction will be heavily influenced by two factors: expectations of a Fed rate cut and industrial demand, particularly from the solar energy sector. If sentiment for easing interest rates persists and silver's demand for production remains high, upside potential remains open, although the risk of a...
Gold (XAU/USD) maintained its intraday gains, nearing a one-and-a-half-week high reached in the Asian session, supported by dovish expectations from the Fed. The latest US data showed inflation is starting to ease, while comments from several Fed officials supporting further easing pushed the US dollar to a one-week low. This provided additional support for non-yielding gold, keeping its outlook positive. However, global risk appetite has also increased due to the prospect of lower US interest rates and hopes for progress in Russia-Ukraine peace talks, which has limited interest in...
Oil prices remain stuck near their lowest levels in a month, with WTI around US$58 and Brent around US$61 per barrel. The market is clouded by the potential for peace in Ukraine, which could ease sanctions on Russian oil, while the IEA projects a supply glut of up to 4 million barrels per day next year.US oil inventories did fall by 1.9 million barrels, but this was not enough to lift sentiment. As long as supply remains abundant and demand is weak, the risk of oil prices remaining in the lower zone remains quite high, unless OPEC+ agrees to tighten production again.The oil price at the time...
Silver (XAG/USD) traded relatively stable today, with a slight increase around US$51 per troy ounce, following a strong rally in recent weeks that saw prices rise nearly 10% in a month and nearly 70% in the past year. The main sentiment remains the expectation of a Fed interest rate cut in December, following dovish comments from several US central bank officials that have opened the door to a rate cut in the near future. On the other hand, the market is also beginning to realize that excessively rapid gains have left room for a technical correction.
Oil prices moved steadily on Tuesday morning (November 25th). WTI held near US$58 per barrel and Brent above US$62 per barrel, supported by risk-on sentiment in global markets and hopes for further interest rate cuts by the Fed. The mood was also helped by the latest communication between US President Donald Trump and Chinese President Xi Jinping following the tariff truce. Meanwhile, the market continues to monitor developments in the Ukraine peace talks. If an agreement is reached and sanctions against Russia are eased, Moscow's oil exports could increase to a market already vulnerable to...
Gold prices fell to around $4,040 per ounce on Monday (November 24th), continuing their decline from the weekend. Investors are now awaiting Tuesday's release of US economic data, namely Retail Sales and PPI, for clues on the Fed's policy direction. Expectations for a December interest rate cut have risen again after New York Fed President John Williams signaled support for an imminent rate cut. The market now prices the chance of a December rate cut up to 70%, from around 40% last week following strong employment data. Despite the short-term decline, gold prices are still up around 54%...
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....