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 are holding in positive territory, nearing a three-week high as investors digest the Fed's cautious stance on interest rate cuts. The Fed's uncertainty around inflation and proposed tariffs under President-elect Trump have kept market participants on edge, bolstering demand for silver as a safe-haven asset.In addition, strong industrial demand for silver, driven by its critical role in renewable energy and electronics technologies, has further boosted its value. Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply...
Gold held on to a four-day gain, with traders seeking refuge in the safe-haven asset as risk-off sentiment gripped markets amid renewed uncertainty over the Federal Reserve's interest rate path.Bullion was trading near its highest level in a month around $2,690 an ounce, after rising 1.9% last week despite headwinds from firmer bond yields and a stronger dollar. A report on Friday showed remarkable resilience in the U.S. labor market, leading economists at several major banks to revise down their forecasts for additional interest rate cuts. While higher borrowing costs are usually negative...
Silver prices edged higher in the mid-day US session on Friday, after stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Silver remained near a three-week high as investors digested the Fed's cautious stance on rate cuts. The Fed's uncertainty over inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics...
Gold prices continued to rise on Friday even as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Uncertainty over the policies of the incoming Trump administration continued to boost the appeal of safe-haven assets. Gold prices briefly dipped to $2,663.09 an ounce after data showed the US added 256,000 jobs last month, compared with economists' forecasts of 160,000. The unemployment rate was at 4.1%, compared with estimates of 4.2%. However, bullion prices quickly rose and hit their highest level since...
Silver prices remained above $30 an ounce on Friday (10/1), nearing a three-week high as market participants weighed the Fed's cautious stance on interest rate cuts. Meanwhile, the Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants nervous, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy technology and electronics, has further boosted silver's value. Silver prices at the time of this news release +0.7% or are at...
Gold (XAU/USD) prices continued their uptrend for the fourth straight day and rose to a four-week peak, around the $2,678-2,679 area during the early European session on Friday (10/1). Ongoing geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war and a generally weaker risk tone, turned out to be key factors supporting the precious metal as a safe haven. Source: Newsmaker.id
Further increases in Silver prices could indicate a growing bullish momentum. However, the alignment of Trump's policy news still shows no strong directional trend in the short-term price movement.Silver prices may face potential upside, the influence of concerns about Trump's policy changes has raised concerns among market players which could potentially increase Silver purchases for Second Safe Haven facilities to strengthen again.Until this news was released, the price of silver was at $ 30,133 Source:Newsmaker23
Gold rose for a third day as traders weighed the outlook for the Federal Reserve's easing path, ahead of key jobs figures due later Friday.Bullion traded near $2,670 an ounce — hitting its highest level since mid-December but showing limited movement with some US financial markets closed on Thursday. Recent data showed US private-sector hiring and wage growth slowed in December.The Fed will need to balance that with renewed inflation fears when deciding whether to cut interest rates, with minutes from its meeting last month reiterating a more cautious approach to easing. Lower borrowing...
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....