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 eased on Monday as the dollar held firm, while market participants remained cautious, watching out for any potential Iranian retaliation to U.S. strikes on its nuclear sites. Spot gold was down 0.1% at $3,365.29 an ounc. U.S. gold futures fell 0.1% to $3,381.30. The dollar rose 0.6% against its peers, making gold more expensive for foreign buyers. Higher energy prices could potentially delay a Fed rate cut and strengthen the dollar, said Ole Hansen, head of commodity strategy at Saxo Bank. "Continued and multiple geopolitical uncertainties will likely continue to underpin and...
Silver prices are showing increasingly solid fundamentals in mid-2025, driven by a supply deficit, surging industrial demand, and investor interest in safe haven assets. This combination makes silver one of the precious metals with the most promising growth prospects this year. This year is the fifth consecutive year of a global silver supply deficit, with a projected shortfall of 117–149 million ounces. Although mining production has increased slightly, its growth has not been able to keep up with the high surge in demand. Silver is a key component in clean technology and future energy....
Brent crude futures are little changed near $77 a barrel having erased kneejerk opening gains seen after the US launched a series of weekend strikes on key Iranian nuclear sites. US equity futures have also recovered from their opening fall with S&P 500 contracts now up 0.2%. The Stoxx 600 falls 0.2% but again is off its worst levels. Construction, technology and energy stocks outperform in Europe. Chemicals and industrials lag. The Bloomberg Dollar Spot Index extends its climb to 0.5%. The Japanese yen and kiwi dollar are the weakest of the G-10 currencies,...
The U.S. dollar firmed on Monday as nervy investors sought safety, although the restrained moves suggest markets were waiting for Iran's response to U.S. attacks on its nuclear sites that have exacerbated conflict in the Middle East. Iran said on Monday that the U.S. attack on its nuclear sites expanded the range of legitimate targets for its armed forces and called U.S. President Donald Trump a "gambler" for joining Israel's military campaign against the Islamic Republic. The major moves were in the oil market, with crude prices hitting a five-month high, before dipping to trade lower on...
Gold price (XAU/USD) retains its negative bias through the first half of the European session on Monday and currently trades near the lower end of its daily range. The US attack on Iran's nuclear facilities on Sunday raises the risk of a broader conflict in the Middle East and benefits the US Dollar's (USD) status as the global reserve currency. Moreover, the Federal Reserve's (Fed) hawkish signal further underpins the Greenback and contributes to driving flows away from the non-yielding yellow metal. Meanwhile, the risk of a further escalation of geopolitical tensions in the Middle East...
Oil prices surged on Monday to their highest since January as the United States' move over the weekend to join Israel in striking Iran's nuclear facilities stoked supply concerns. Brent crude futures rose $1.52, or 1.97%, to $78.53 a barrel by 0503 GMT. U.S. West Texas Intermediate crude futures rose $1.51, or 2.04%, to $75.35. Both contracts jumped more than 3% earlier in the session to $81.40 and $78.40, respectively, touching five-month highs before giving up some of the gains. The price surge came after U.S. President Donald Trump said he had "destroyed" Iran's main nuclear site in an...
Gold prices edged lower on Monday as investors preferred the dollar following a U.S. attack on Iran's main nuclear site over the weekend, with markets looking to Iran for a response. Spot gold was down 0.2% at $3,362.29 an ounce, as of 0341 GMT. U.S. gold futures were down 0.2% at $3,378. "The U.S. attack on Iran's nuclear facilities has seen the dollar receive safe-haven buying in the currency market," said Tim Waterer, chief market analyst at KCM Trade. "The rise in the dollar has pegged gold back and led to an unusually weak performance by the precious metal despite the risks emanating...
Silver (XAG/USD) prices moved higher near $36.10, ending a three-day losing streak during Asian trading hours on Monday (6/23). The white metal attracted some buyers amid heightened tensions in the Middle East after the US bombed Iranian nuclear sites. The United States carried out airstrikes on three nuclear sites in Iran on Sunday morning despite US President Donald Trump's long-standing vows to avoid any new foreign conflict. Iran has vowed to respond, saying it is "keeping all options on the table," while Trump said that any Iranian retaliation against the United States "will be met...
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....