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 extended gains after U.S. inflation data came in slightly weaker than expected, giving investors a faint hope that the Federal Reserve will continue its path of easing interest rates this year, which weakened the dollar.Spot gold rose 0.3% to $2,671.27 per ounce. U.S. gold futures settled 0.1% higher at $2,682.30. The data showed the Producer Price Index (PPI) rose 3.3% on an annualized basis in December, compared with a 3.4% increase expected by economists polled by Reuters.The cooler PPI data sent the U.S. dollar index lower and that helped the bullion market, as lower...
Silver prices edged up in midday US trading on Tuesday after falling more than 3% in the previous session, as the dollar weakened following weaker-than-expected US inflation data. Looking ahead, investors are focused on US consumer price index data for further insight into the Fed's policy direction. Despite the recent decline, silver has surged nearly 3% last week, marking its best weekly performance since mid-November. Silver continues to find support from strong industrial demand, particularly in renewable energy and electronics, as well as ongoing supply concerns. Source: Newsmaker.id
Gold steadied after falling the most in more than three weeks as expectations for fewer U.S. interest rate cuts this year were offset by demand for safe havens ahead of Donald Trump's return to the White House Bullion traded near $2,670 an ounce, having fallen 1% in the previous session as traders recalibrated bets on the Federal Reserve's easing path after a surprisingly strong U.S. jobs report reinforced views that interest rates are likely to remain high for longer. Higher borrowing costs tend to make the precious metal less attractive, as it does not pay interest. Source: Newsmaker.id
Silver prices (XAG/USD) are trading below $30 per troy ounce on Tuesday (14/1) after falling more than 3% in the previous session, as the dollar strengthened following stronger-than-expected US employment data. Meanwhile, investors are focusing on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. In addition, silver continues to be supported by strong industrial demand, especially in energy technology and electronics, as well as ongoing...
Silver prices attracted some sellers near $30.20 during the early European session on Monday (13/1). A stronger greenback and rising US bond yields weighed on the USD-denominated commodity prices.Expectations of a slower pace of interest rate cuts from the US Federal Reserve (Fed) this year amid sluggish inflation and a strong labor market in the US economy could drag the white metal lower in the near term. The US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls (NFP) rose by 256,000 in December compared to 212,000 previously, better than the estimate of 160,000....
Silver prices fell in midday U.S. trading on Monday, halting last week's gains, as the dollar strengthened following stronger-than-expected U.S. jobs data last week. The data dimmed expectations for further interest rate cuts by the Federal Reserve this year, and a stronger dollar makes dollar-denominated commodities such as silver more expensive for buyers holding other currencies, denting demand. Source: Newsmaker.id
Silver prices (XAG/USD) experienced a correction to around $30.20 per troy ounce on Monday (13/1), slightly reversing some of its gains recorded last month, as the dollar strengthened following stronger-than-expected US jobs data. Looking ahead, investors are focused on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. Meanwhile, silver's value continues to be supported by strong industrial demand, especially in renewable energy...
Gold prices reversed the Asian session decline to the $2,688 area and are currently trading just below the one-month highs hit on Friday, although the upside appears limited. The upbeat US Nonfarm Payrolls (NFP) report reinforced market expectations that the Federal Reserve (Fed) will halt its interest rate-cutting cycle later this month. This, coupled with persistent geopolitical risks, dampened investors' appetite for riskier assets, as evident from the weaker tone around equity markets and acted as a tailwind for the safe-haven precious metal. 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....