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 remain stable near their lowest level in almost two months, as the market is more concerned about oversupply than the impact of geopolitical tensions. Brent held around US$61/barrel after closing at its lowest level since October 20, while WTI remains below US$58/barrel. The main pressure comes from expectations of a widening supply surplus: OPEC+ and other producers continue to pump more oil, while consumption growth is expected to remain sluggish. This situation means oil prices are expected to remain on a downward path for the year. However, geopolitics is also preventing...
The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the Fed's policy stance as being more dovish. Expectations of further interest rate cuts have diminished the dollar's appeal as a high-yielding asset, leading to more capital flows into other assets such as gold, silver, and some riskier currencies. Nevertheless, in the very short term, the dollar attempted a slight rebound in the US session as US bond...
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353 as traders digest comments from Federal Reserve (Fed) officials. Bullion trims gains ahead of the weekend, but remains supported by Fed uncertainty, weak data. The US economic docket was light, yet Federal Reserve officials crossed the wires. Two of the three dissenters expressed concerns about inflation remaining too high, specifically amid a period of scarce economic data, particularly the Consumer Price Index (CPI),...
Silver fell below $62 per ounce on Friday after touching record highs earlier in the day as the rally eased amid profit taking and a brief consolidation phase going into the weekend, even as the broader bullish backdrop remained intact. The recent US Federal Reserve rate cut and its less hawkish outlook continued to underpin medium term support, with Powell signaling no further hikes and projecting one additional cut next year and another in 2027. Robust ETF inflows and strong retail demand reinforced expectations of a market deficit next year, while industrial demand from solar, electric...
Gold prices fell slightly in tonight's US session after previously hovering near a seven-week high. Amidst the already high levels, many market participants opted to take profits, leading to selling pressure, although the trend remains bullish. Several market reports indicate spot gold has fallen around 0.2–0.5% from its peak, while gold futures have weakened only slightly and remain in the upper range. In addition to profit-taking, gold was also pressured by a slight strengthening of the US dollar and rising US bond yields, as the market began to digest the Fed's decision and signals about...
Brent crude oil prices weakened again in tonight's trading, hovering around $61 per barrel and approaching their lowest level since October. This decline puts Brent on track for a weekly loss of around 3-4%, extending the sluggish trend that has persisted for the past few weeks. Throughout 2025, Brent has fallen nearly 18% compared to last year, making it one of its worst annual performances since 2020. The main pressure comes from concerns about oversupply in the global market and weakening demand signals, particularly from economic data and US oil inventories. Several institutions,...
Silver surged for a fourth straight day, as inflows into exchange-traded funds (ETFs), momentum-driven volatility, and tight physical markets pushed the metal toward its best year since 1979. The precious metal rose to an all-time high above $64 an ounce on Friday morning, with prices fluctuating wildly. Silver has risen about 10% this week, supported by dovish signals from the Federal Reserve, which delivered an expected interest rate cut and showed signs of weakness in the US labor market. Lower interest rates are a boost for non-yielding precious metals like silver. Most analysts say...
Gold prices rose to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high. Spot gold rose 0.7% to $4,311.73 per ounce by 0945 GMT, its highest level since October 21, and set for a 2.7% weekly gain. U.S. gold futures gained 0.7% to $4,343.50. The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers. Additionally, "the sharp rise in U.S. weekly jobless claims as well as...
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....