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...
Oil prices fell again after posting their biggest weekly decline since early October, as the market assessed the chances of a Ukraine-Russia peace deal. The agreement could pave the way for increased oil supply from Russia, adding pressure to an already oversupplied market. Brent traded at $61.84 per barrel, while WTI hovered below $58. Market participants are also watching for potential sanctions relief against Russia if negotiations progress, which could worsen the projected oil surplus next year.With OPEC+ and American producers continuing to increase production, market sentiment remains...
Silver prices weakened on Friday (November 21), pressured by a combination of a strengthening US dollar, rising bond yields, and a technical correction following the previous rally. The stronger dollar made silver relatively more expensive for holders of other currencies. Meanwhile, expectations that the Fed would not be too aggressive in cutting interest rates reduced market appetite for non-yielding precious metals. At the same time, concerns about a global economic slowdown also weighed on the demand outlook for silver in industries ranging from solar panels to electronics, prompting...
Gold prices fell on Friday (November 21st) as the strengthening US dollar and rising US government bond yields further dampened investor interest in the precious metal. Market participants assessed that the still-solid US employment data and economic indicators made the prospect of a Fed interest rate cut less aggressive, weakening gold's appeal as a non-yielding asset. Amid expectations that high interest rates could persist for longer, some investors have chosen to reduce their gold positions and temporarily shift to dollar-denominated assets, causing the gold price to correct after...
The global silver price today (November 21) remained around $50-51 per troy ounce, slightly weaker than the previous day but still well above its early-year level. Fundamentally, silver's movement is again being pulled in two directions: on the one hand, fading hopes for a Fed rate cut in December are tending to depress prices as dollar and bond yields remain attractive; on the other hand, silver remains supported by its position as an alternative safe haven amidst uncertainty regarding US economic data and the direction of Fed policy. In the medium term, silver's overall trend remains...
Gold is trading steadily around $4,070 per troy ounce after the release of mixed US employment data. September job growth was stronger than expected, but unemployment also rose, so the signal isn't entirely bullish or bearish for the economy. For the market, this figure isn't strong enough to force the Fed to immediately cut interest rates in December. As a result, gold is likely to trade sideways for now: held back by still-high interest rates, but still seen as a safe haven amid signs of an economic slowdown. (asd)The price of gold at the time of this analysis was $4,073. Disclaimer:This...
Brent oil prices strengthened on Thursday (November 20th), driven by concerns about supply disruptions amidst still-high geopolitical tensions. Brent moved with daily gains of around 0.3% and has strengthened nearly 4% in the past month. Positive sentiment stemmed from new sanctions by the United States and its allies against major Russian oil companies, which sparked concerns about supply tightening, as well as a series of Ukrainian drone attacks on Russian energy infrastructure that briefly disrupted export flows from key ports such as Novorossiysk. On paper, the market remains fraught...
Silver is currently being supported by two main factors: its function as a safe haven and industrial demand. While the market is wary of interest rates, inflation, and geopolitics, silver is being sought along with gold. At the same time, silver is used in solar panels, electronics, and electric vehicles, so the green energy trend is keeping underlying demand strong. From a policy perspective, expectations that the Fed is nearing the end of its interest rate hike cycle also benefit silver. If interest rates fall and the US dollar weakens, non-interest-bearing precious metals like silver...
Gold prices strengthened in the early Asian session, with spot gold rising around 0.6% to around US$4,102.58 per troy ounce. This increase was supported by increased investment interest, after data on institutional holdings in large gold ETFs showed more companies adding to their gold positions. TD Securities also believes the trend of gold buying by central banks will continue in the long term. The combination of institutional investors and central banks makes gold attractive as a safe haven asset amid global uncertainty.The gold price at the time of this analysis was released was...
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....