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 (XAU/USD) prices fell to around $2610 ahead of the US session on Monday (6/1). Since then, gold prices have started to weaken amidst persistently high US yields. The knee-jerk reaction increased after headlines emerged that President-elect Donald Trump might consider possibly imposing universal tariffs on essential imports. Gold prices at the time of this news release were -0.8% or at $2619/Toz. Source: Newsmaker
Silver prices rose around $30 per ounce on Monday (6/1) as investors cautiously await key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. The white metal is also getting support from the positive economic outlook in China, the world's largest silver consumer. Source: Newsmaker.id
Gold (XAU/USD) prices fell again for the second day in a row after experiencing an intraday increase in the $2647-2,648 area on Monday and moved further away from the highest level in almost three weeks reached on Friday last week. Meanwhile, the Federal Reserve's (Fed) hawkish signal that they will slow the pace of interest rate cuts in 2025 continues to support the increase in US Treasury bond yields and turned out to be the main factor driving the outflow of this yellow metal. Gold prices when this news was released were at $2632/ Toz. Source: Newsmaker
Silver prices rebounded from a near four-month low, as gold prices rose as ongoing geopolitical and economic uncertainty fueled demand for the precious metal as a safe-haven asset.US President Joe Biden was reportedly briefed on contingency plans to strike Iran's nuclear facilities if Tehran makes significant progress in developing a nuclear bomb, just weeks before Donald Trump's inauguration.In addition, policy uncertainty surrounding the incoming Trump administration also drove inflows into safer assets. In China, Beijing's pledge for "more proactive" macroeconomic policies and lower...
Gold erased earlier gains, paring gains from this week as markets heeded hawkish expectations from the Fed. Fresh data from the ISM showed that manufacturing orders and production increased in December, potentially anticipating a recovery in the sector after a long period of underperformance. The survey also signaled concerns among factories about tariffs by the incoming presidential administration, adding to the risk of a pro-inflationary tone that could prevent the Fed from extending its cutting cycle.As of this writing, gold is at $2,639 Source: Newsmaker.id
Gold (XAU/USD) prices moved higher in the European session on Friday ahead of the United States (US) ISM Manufacturing Purchasing Managers' Index (PMI) data for December, due to be released at 15:00 GMT. The Manufacturing PMI was seen steady at 48.4, indicating that activity contracted at a steady pace. The precious metal has had a stellar performance in 2024, gaining over 27%, the metal's best annual return since 2010. The sustained rally was driven by strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict. Until this News...
Silver (XAG/USD) prices continued to rally near $29.80 during the European session on Friday. The white metal gained strength on increased safe-haven demand amid rising geopolitical tensions. According to a report from Axios, US President Joe Biden discussed the possibility of an attack on Iran's nuclear facilities with his national security team, with President-elect Donald Trump weeks away from taking office. Axios reported that White House National Security Advisor Jake Sullivan presented President Biden with several options for a possible US strike on Iran's nuclear sites. Historically,...
Silver (XAG/USD) prices extended its gains for the third straight day, trading around $29.60 per troy ounce during Asian hours on Friday (3/1). The ongoing rally was attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict. Axios cited three sources, who indicated that US President Joe Biden is reportedly exploring contingency plans to target Iran's nuclear facilities if Tehran makes significant progress in developing a nuclear bomb before Donald Trump's inauguration on January 20. The talks underscore growing...
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....