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 prices edged up on Tuesday as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later in the week for clues on the Federal Reserve's future interest rate decision. Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling as low as $3,301.54 earlier in the session. US gold futures were up 0.1% at $3,357.20. "Gold prices found a bottom amid dip buying, although the rally lacked conviction. Fiscal concerns and Fed rate cut bets were the catalysts for the recovery," said Jigar Trivedi, senior commodities analyst at Reliance...
Silver (XAG/USD) recovered from early losses and rebounded near $36.70 from an intraday low of $36.30 during European trading hours on Tuesday (6/10). The white metal recovered amid uncertainty over the outcome of the trade talks between the United States (US) and China in London, which have entered their second day. During European trading hours, the White House has hinted that trade discussions between the two countries are going well and negotiations will continue throughout the day. Theoretically, optimism over the Sino-US trade talks will reduce demand for safe-haven assets, such as...
Oil prices rose on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia's crude supplies to China were set to drop slightly. Brent crude futures rose 34 cents, or 0.5%, to $67.38 a barrel by 1045 GMT. U.S. West Texas Intermediate crude futures rose 33 cents, or 0.5%, to $65.62. Brent had risen to $67.19 on Monday, its highest since April 28, supported by the prospect of a U.S.-China trade deal. U.S.-China trade talks are set to continue for a second day in London as top officials aim to defuse tensions that have flared over tariffs and rare earth...
EUR/USD is trading slightly lower on Tuesday (6/10). The pair has dropped to just below 1.1400 at the time of writing, still within the range of the past few days, with investors reluctant to place any major directional bets as US and Chinese representatives continue to discuss trade issues. Positive statements from some officials, namely US President Donald Trump's assertion that he got a "good report" from the meeting, have helped keep market sentiment buoyant and have provided some support to the US Dollar (USD). However, traders are likely to remain on the sidelines, waiting for news...
The U.S. dollar strengthened on Tuesday as talks between Beijing and Washington continued for a second day, raising investor hopes of an easing in trade tensions, while sterling fell as U.K. jobs data showed a weaker labor market. Officials from the world's two largest economies are meeting in London to try to defuse a dispute that has widened from tariffs to restrictions on rare earths. "Unlike the Geneva talks (held in May), where tariff relief provided an easy win, the London talks are now tackling thornier issues such as export controls on chips, rare earths and student visas," said...
The pound (GBP) faced sharp selling pressure against other currencies on Tuesday (10/6) after the UK Office for National Statistics (ONS) reported that the labour market contracted in the three months to April. The data showed that the economy added 89,000 new jobs, down from the 112,000 seen in the quarter ended March. The ILO Unemployment Rate rose to 4.6%, as expected, from the previous reading of 4.5%. This is the highest unemployment rate seen since July 2021. Slower job growth in the UK reflects the impact of increased employer contributions to social security schemes. UK Chancellor...
The US dollar was virtually flat against the Swiss franc on Tuesday (6/10). The pair hesitated above 0.8200, in the middle of a two-week trading range, with investors watching from the sidelines, awaiting news from the US-China trade negotiations. The world's two leading economies are expected to resume their talks for a second day, aimed at ironing out differences on thorny issues such as rare earths or chip trade, as their respective economies begin to show the scars of their tough tariff policies. Comments from US President Donald Trump, highlighting positive reports received from US...
Gold prices edged up on Tuesday as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later in the week that could provide insight into the Federal Reserve's future interest rate decision. Spot gold was up 0.2% at $3,333.89 an ounce, as of 0818 GMT, after dropping as low as $3,301.54 earlier in the session. US gold futures were steady at $3,354.70. "Gold prices found a bottom amid dip buying although the rally lacked conviction. Fiscal concerns and Fed rate cut bets were the catalysts for the recovery," said Jigar Trivedi, senior commodities...
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....