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 are headed for their biggest weekly gain since late October, driven by escalating geopolitical tensions. West Texas Intermediate (WTI) prices are stable above $58 per barrel, posting a gain of more than 3% this week. This price surge comes amid tensions between the US and Venezuela, where the US has tightened its blockade of oil shipments, including the pursuit of sanctioned tankers. Meanwhile, the US military offensive in Nigeria is also impacting oil prices. The US recently launched a deadly offensive against the Islamic State group in northwest Nigeria, an OPEC member...
Spot gold prices rose slightly by 0.3% to $4,493.63 per ounce in the Asian morning session, driven by rising geopolitical risks. Tensions escalated after Israel threatened to take action against Iran, which is working to rebuild its ballistic missile arsenal. A statement from Israeli Prime Minister Benjamin Netanyahu revealed that Israel continues to monitor the activities of Hamas, Hezbollah, and Iran, with potential action if the threat becomes more real. Gold remains a top choice as a safe-haven asset, especially amid heightened global uncertainty. Joseph Dahrieh, managing director at...
Gold (XAU/USD) started the year on a bullish note and registered impressive gains in the first quarter. Following a consolidation phase during the summer months, the precious metal surged higher in the third quarter and reached an all-time record high of $4,381 in October. Although XAU/USD corrected lower, buyers refused to hand over the reins heading into the holiday season. Throughout 2025, Gold set over 50 record peaks and rose more than 60%, becoming one of the best-performing commodities of the year. A combination of fundamental factors fuelled the precious metal's relentless advance,...
Oil prices edged lower on Wednesday (December 25th), and are on track for their steepest annual decline since 2020 as investors weigh US economic growth and assess the risk of supply disruptions from Venezuela and Russia. Brent crude futures closed down 14 cents, or 0.2%, at $62.24 a barrel, while US West Texas Intermediate crude futures fell 3 cents, or 0.05%, to $58.29. Both contracts have risen about 6% since December 16th, when they plunged to their lowest levels in nearly five years. "What we've seen over the past week is a combination of slight position adjustments in the market...
Gold (XAU/USD) traded under pressure on Wednesday (December 24th) after surging to a new all-time high near $4,526 earlier. Volatility increased amid thin holiday liquidity ahead of Christmas, prompting mild profit-taking at elevated levels. At the time of writing, XAU/USD was trading around $4,470, up nearly 3% this week. Gold bullion's historic rally this year has been remarkable, with prices rising more than 70% since the start of the year, putting gold on track for its strongest annual performance since 1979. This rally has been driven by strong safe-haven demand amid persistent...
The British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session. At the time of writing, GBP/USD trades around 1.3500, easing slightly after briefly touching an intraday high near 1.3534, its strongest level since September 19. Markets showed a muted response to the latest weekly US labor market data, which offered mixed signals. Initial Jobless Claims fell to 214K from 224K in the previous week, undershooting the 223K market forecast. Meanwhile, Continuing Jobless Claims climbed...
Silver prices continued their upward trend and rose for the fourth consecutive day, driven by growing expectations of Federal Reserve (Fed) monetary policy easing and the strong appeal of safe-haven assets. On Wednesday, silver (XAG/USD) traded around $72.05, up around 0.70%, after hitting a new record high of $72.71 earlier in the session. This bullish momentum reflects continued investor interest in precious metals, particularly silver, amid changing global monetary policy expectations. The precious metal continues to benefit from speculation that US interest rates will move lower in the...
Gold retreats following the move higher to the $4,525 area, or a fresh all-time peak, though the downside remains limited amid a bullish fundamental backdrop. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks. Gold rose past $4,500 per ounce on Wednesday to a fresh record, driven by expectations of further Federal Reserve easing and rising geopolitical tensions. US economic growth remained solid in the third quarter, with GDP expanding at a faster pace than in the prior...
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....