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 (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...
The US dollar was steady on Friday (December 12) but is still expected to suffer a third straight weekly decline, affected by the prospect of an interest rate cut next year, while the pound was also unchanged after data showed the UK economy unexpectedly shrank in the three months to October. The dollar index, which measures the US currency against six other currencies, remained flat at 98.34, expected to fall 0.64% weekly. The index is down more than 9% this year, heading for its steepest annual decline since 2017. Against the weaker dollar, the euro last traded at $1.1737 after rising...
Oil prices rose on Friday (December 12), supported by concerns over Venezuelan supply disruptions, although they remained on track for a weekly decline as oversupply and a potential Russia-Ukraine peace deal remained in focus. Brent crude futures rose 33 cents, or 0.54%, to $61.61 a barrel at 0921 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.61%, to $57.95. Both benchmarks fell about 1.5% on Thursday. Several factors supporting prices remain, including escalating tensions between the U.S. and Venezuela and a Ukrainian drone attack on a Russian oil platform in 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....