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...
Gold prices fell in early Asian trading on Monday, extending the previous session's decline as a stronger US dollar weighed on the bullion metal and markets awaited the inauguration of US President Donald Trump. However, gold last week posted a weekly gain of 0.5%, its third straight weekly gain. Concerns surrounding tariffs in the global economic landscape, along with potentially stubborn inflation and geopolitical uncertainty, will spur capital flows into gold as a safe haven asset. Source: Newsmaker.id
Gold prices traded flat in the mid-day U.S. session on Friday, holding near a one-month high and on track for a third weekly gain. Recent U.S. economic data, including cooler-than-expected core inflation and disappointing retail sales figures, have reignited hopes that the Federal Reserve could cut interest rates more than once this year. In addition, the potential for tariffs under the incoming Donald Trump administration, which could further fuel inflation, has also strengthened gold's position as an inflation hedge. On the geopolitical front, a ceasefire and hostage release agreement...
Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday (17/1), albeit lacked any follow-through selling and remained near one-month highs touched the previous day. The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around the equity markets, turned out to be key factors undermining the precious...
Silver prices surged higher in Europe on Thursday (1/16). The white metal gained as traders increased bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year. Traders are pricing in two rate cuts this year, with the first coming in June instead of September, as had been expected before December inflation data was released. Until this news was released, the price of Silver was at $ 31,788 Source: Newsmaker.id
Gold prices surged above the $2,700 mark as the Dollar pared some of its earlier gains. Data from the United States (US) revealed that the economy remains solid after the release of consumer spending and jobs data. US Treasury yields fell as traders expect further easing by the Federal Reserve (Fed). At the time of writing, XAU/USD was trading at $2,715, up 0.72%.Bullion extended its gains as market participants prepared for the inauguration of US President-elect Donald Trump. The US Census Bureau revealed that Retail Sales missed estimates in December. However, November's data was revised...
Silver prices jumped on Thursday, hitting a one-month high after softer U.S. inflation data supported expectations for further interest rate cuts from the Federal Reserve this year. U.S. retail sales rose less than expected in December and initial jobless claims rose sharply in January, putting some pressure on the dollar. The prospect of lower U.S. interest rates could boost demand for commodities by boosting economic growth and weakening the dollar. Source: Newsmaker.id
Gold prices continued their climb above the $2,700 level on Thursday, after U.S. retail sales data rose less than expected in December and initial jobless claims rose sharply in January, weakening the dollar slightly. The results also support the Fed's interest rate cut to prevent a sharper economic slowdown this year, after yesterday's softer core CPI figure hit gold prices. Elsewhere, Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets. Source: Newsmaker.id
Gold rose on safe-haven demand ahead of Donald Trump's inauguration. The precious metal's strong start to the year is set to continue in the short term, given the incoming administration of US President-elect Donald Trump, MUFG analysts wrote. The incoming Trump administration will boost safe-haven demand and play into the fear-related dimension of MUFG's bullish outlook for gold in 2025, the analysts said in a note. 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....