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 rose above $2,610 an ounce on Tuesday, recovering losses from the previous session amid sluggish holiday trading. Investors continued to assess the Federal Reserve's outlook for next year, pricing in a slower pace of interest rate hikes in 2025 after the Fed signaled fewer tapers. However, this view was challenged by weaker-than-expected U.S. PCE inflation, which suggested more rate cuts are likely, benefiting non-yielding bullion. Meanwhile, the World Gold Council reported strong central bank demand, reinforcing gold's status as a safe-haven asset.Until this news was released, the Gold...
Silver moved above $29.50 an ounce, recovering from a three-month low of $29 hit on Dec. 19 as markets reconsidered the level of hawkishness expected from the Fed next year. Lower-than-expected core PCE prices in November eased concerns about overly tight interest rates fueled by hawkish projections from FOMC members, lowering bond yields and supporting the precious metal.As of this News Release Silver Price is at $29,647 Source: Newsmaker.id
Gold has been steady in quiet holiday trading but a stronger dollar is still weighing on the market, Pranav Mer, an analyst at JM Financial Services Ltd. in Mumbai, said in a note on Tuesday.Earlier this month, the Fed reined in the number of interest rate cuts it expects in 2025 as Chairman Jerome Powell made clear that the central bank needs to see price pressures ease further. Lower borrowing costs are usually a positive for the precious metal, which pays no interest. Source: Newsmaker.id
Silver was fairly steady at $29,653 during Asian trading on Tuesday.Silver prices were in quiet holiday trading but a stronger dollar was still weighing on the market, Pranav Mer, an analyst at JM Financial Services Ltd. in Mumbai, said in a note on Tuesday.Meanwhile, Investors digested the latest data on U.S. consumer confidence, which unexpectedly fell in December on concerns about the economy due to uncertainties related to the policies of the incoming Trump administration. Source: Newsmaker.id
Gold (XAU/USD) prices traded above $2610 per troy ounce on Tuesday (12/24) amid pre-holiday trading. Meanwhile, market players continue to assess the Federal Reserve's outlook for 2025, factoring in a slower pace of interest rate hikes in 2025 after the Fed signaled fewer tapering. The gold price when this news was released was at $2617/Toz. Source: Newsmaker
Silver moved positive to $29.6 per ounce, rebounding from a three-month low hit on Dec. 19 as the market reconsidered the level of hawkishness expected from the Fed next year. The white metal rebounded strongly on Friday from a more than three-month low of $28.75 after the release of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which showed that price pressures grew at a slower pace than expectations. Source: Newsmaker.id
Gold is headed for a weekly decline, as traders weigh the outlook for interest rates after the U.S. Federal Reserve reduced expectations for a rate cut next year. Bullion is trading above $2,605 an ounce, down 1.6% for the week. The Fed cut interest rates on Wednesday, but investors are more focused on comments from Chairman Jerome Powell, who said that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Lower interest rates are usually positive for gold, as it does not pay interest. Source: Newsmaker.id
Gold (XAU/USD) price extended its solid intraday recovery from a one-month low and rose to a fresh intraday high, around the $2,622 area during the early European session on Thursday (19/12). Global risk sentiment deteriorated in reaction to the Federal Reserve's (Fed) hawkish interest rate cut on Wednesday. This, along with geopolitical risks and trade war fears, turned out to be the main factors driving safe-haven inflows towards the 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....