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...
Precious metals are starting to catch their breath after being rocked by a brutal sell-off in the Asian session. Prices fell sharply and then rebounded slightly, as the market gauged whether this was a natural correction after a frenzied rally, or whether a major rally was truly broken. Spot gold remained under pressure, down around 4% after previously crashing 10% following its sharpest decline in more than a decade on Friday. Silver also hasn't recovered, falling more than 7% after plunging 16% the previous session and posting its biggest intraday drop. The sentiment is clear: from...
Oil prices plummeted sharply as the market began to shed the "war premium" that had been attached throughout January. The trigger: Donald Trump said Washington was communicating/talking with Iran, leading market participants to interpret the situation as a signal of de-escalation, not a move towards open conflict. On Monday, February 2, 2026, Brent fell to around $65.86/barrel and WTI fell to around $61.79/barrel both correcting around 4–5% after previously posting large monthly spikes. The market, which had priced in supply disruptions yesterday, is now rushing to "reset." From a...
Oil prices held steady after surging more than 3% on Thursday, as market participants weighed US President Donald Trump's latest threats against Iran and the risk of escalating conflict in the Middle East. West Texas Intermediate (WTI) held around $66 per barrel, continuing a three-day rally that was also helped by a weaker US dollar. Meanwhile, Brent held above $70, for the first time since July, after a geopolitical risk premium was reinjected into prices. The main trigger came from Trump's warning: if Iran refuses to reach a nuclear deal, the option of a military strike remains on the...
Gold prices fell in the Asian session on Friday (January 30th) after previously experiencing a wild rally and setting a record high. At the time of writing, global gold was trading around $5,280 per ounce. This decline occurred as the market began to take profits after a massive rally in recent days. After rising too quickly, many traders opted to lock in profits, leading to a price correction. Gold's movement this week was indeed full of whipsaws: it briefly approached $5,600, then reversed sharply. This situation usually occurs when speculative positions are already thick and the market...
Gold prices are once again causing a stir after surging to a new record above $5,500 per ounce, extending a rally that has been very strong since the beginning of the year. In the Asian session, gold briefly reached a new peak before moving lower; at 8:02 a.m. in Singapore, gold was reported to be around $5,461.98/ounce after previously hitting an intraday record. This surge occurred as the US dollar weakened and investors became more aggressive in seeking alternative stores of value. The biggest driver isn't just inflation it's confidence. Many investors are starting to hesitate in relying...
Oil prices rose for a third day after US President Donald Trump warned Iran to reach a nuclear deal or face military action. This statement re-escalated tensions in the Middle East and rekindled market concerns about potential unrest that could disrupt supply. West Texas Intermediate (WTI) crude oil rose to near $64 per barrel after rising 1.3% in the previous session and closing at its highest level since late September. In a social media post on Wednesday, Trump said the US ships he ordered to the region were ready to carry out their mission "with speed and force, if necessary." This...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer tone made the market a little more willing to take risks, thus easing the pressure to buy gold as a safe haven. However, the big picture hasn't changed: gold remains in high territory because the world remains filled with uncertainty. Trade wars could resurface at any time, geopolitical tensions haven't completely subsided, and investors are...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market sentiment. At 10:07 p.m. ET, Brent crude futures edged up 0.1% to $65.31 per barrel, while West Texas Intermediate (WTI) crude rose 0.2% to $60.74 per barrel. These small gains came after two consecutive sessions in which oil prices were driven by concerns about supply disruptions. One such issue was the temporary shutdown of oil production from the...
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....