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...
Brent crude oil futures hovered around $61.1 per barrel on Monday, near the lowest level in almost two months amid persistent concerns about oversupply, while investors monitor developments surrounding a new round of Ukraine peace negotiations. President Volodymyr Zelensky met with US President Donald Trump's top envoys on Sunday for two days of talks aimed at ending the war with Russia. Despite the diplomatic efforts, fighting continues, with Ukrainian drone strikes targeting oil depots and refineries across several Russian regions, keeping Russian supply at risk. Supporting prices, the...
Gold did rise on Monday, driven by a weaker US dollar and falling US bond yields, plus demand for safe haven assets ahead of a key data week. But entering the US session, gold began to lose momentum and retreat from its intraday peak, as evidenced by XAU/USD falling back below $4,350 after briefly testing that level (although still holding above $4,300). The main reasons are usually simple: profit-taking (the price has risen sharply, near resistance), plus the market starting to "tidy up" as all eyes await US jobs (NFP) and inflation data, which will signal the direction of interest...
Markets are focused on US macro data and Federal Reserve (Fed) communications, with November's Nonfarm Payrolls (NFP) data expected to show weak job growth and a higher unemployment rate. Weaker data or a dovish Fed signal could revive expectations of a March interest rate cut, while Thursday's European Central Bank (ECB) meeting remains the main external risk for short US Dollar (USD) positions, notes ING FX analyst Chris Turner. Fed speakers could reinforce the dovish bias "In terms of US domestic news this week, the focus will be on major data releases and key Fed speeches. The...
Silver (XAG/USD) prices have gained more than $2 so far on Monday (December 15th), reaching an intraday high near $63.80 and approaching a new record high of $63.65, after bouncing off a low below the $61.00 mark on Friday. The precious metal traded on a firm note on Monday, driven by a cautious market mood following weak data from China and renewed concerns about the country's property sector amid news that state-owned developer China Vanke is on the verge of bankruptcy. Furthermore, US President Trump has named former Fed Governor Kevin Warsh as the most suitable person to replace...
Gold rose 1% on Monday (December 15) and held near a seven-week high, supported by a weaker dollar, expectations of interest rate cuts, and safe-haven buying due to geopolitical tensions, while silver rose but remained below Friday's record high. Spot gold prices rose 1% to $4,343.96 an ounce at 0949 GMT. Bullion hit its highest level since October 21 on Friday. US gold futures rose 1.2% to $4,377.80 an ounce. The US dollar held near a two-month low hit last week, making dollar-denominated gold more affordable for overseas buyers, while the yield on the benchmark 10-year US Treasury bond...
Oil prices held steady on Monday (December 15th) as investors balanced supply disruptions related to escalating U.S.-Venezuela tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal. Brent crude futures rose 15 cents, or 0.25%, to $61.27 per barrel, as of 0924 GMT, and U.S. West Texas Intermediate crude was at $57.59 per barrel, also up 15 cents, or 0.26%. Both contracts fell more than 4% in the previous week, weighed down by expectations of a global oil surplus in 2026. "The decline in oil prices and the lows reached for the month across the major...
Silver prices are currently holding steady around US$62/ounce after a wild week last week: briefly setting a record, then being hit by profit-taking. Spot price data shows XAG/USD hovering around US$62 within a narrow daily range, indicating the market is awaiting a new trigger. From a macro perspective, the most "lifting" factor for silver right now is the direction of US interest rates. The Fed has indeed cut interest rates, but there are internal disagreements, so the market is becoming more cautious about betting on further easing in 2026. If expectations of lower interest rates...
Gold prices halted their rise after a four-day rally, as comments from Federal Reserve (Fed) officials raised doubts about whether the US would cut interest rates again next year. On Monday, gold was stable at around US$4,305/ounce, after rising 2.6% last week. Although the Fed did cut interest rates on Wednesday, three policymakers apparently rejected the decision. The market is signaling that the next easing move could be more difficult and contentious, especially as 2026 approaches, when internal Fed views appear divided. The two officials who voted against it—Austan Goolsbee (Chicago)...
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....