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...
Silver surged to above $60 per ounce on Tuesday as expectations of an imminent 25 bp Fed cut met a pronounced squeeze in the physical market. Futures pricing keeps real policy rates on a path that favors precious metals even though stronger labor data cloud the medium term outlook. Meanwhile, industrial demand has risen sharply, led by solar panels, electric vehicles and electronics, while mine production has repeatedly failed to keep pace with consumption, creating a structural deficit. That shortfall showed up in the market plumbing, with visible draws in benchmark stocks, constrained...
Oil prices edged lower on Tuesday, after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia's war in Ukraine, concerns about ample supply and a looming decision on U.S. interest rates. Brent crude futures fell 52 cents, or 0.83%, to $61.96 a barrel at 11:30 a.m. ET (1630 GMT). U.S. West Texas Intermediate crude dropped 62 cents, or 1.05%, at $58.26 a barrel. Both contracts fell by more than $1 a barrel on Monday after Iraq restored production at Lukoil's West Qurna 2 oilfield, one of the world's largest. Ukraine will share a revised peace...
Harga emas menguat pada perdagangan hari ini meskipun data JOLTS Job Openings menunjukkan peningkatan jumlah lowongan kerja di AS. Secara teori, data tenaga kerja yang lebih kuat harusnya mendorong dolar menguat dan menekan harga emas. Namun pasar tidak bereaksi sesuai textbook karena investor menilai kenaikan JOLTS kali ini tidak cukup kuat untuk mengubah ekspektasi terhadap kebijakan Federal Reserve. Dengan inflasi yang cenderung moderat dan komentar bernada dovish dari beberapa pejabat The Fed akhir-akhir ini, pasar tetap memandang peluang pemangkasan suku bunga sebagai skenario dominan....
Gold rose on Tuesday as investors braced for a Federal Reserve interest rate cut in December and looked for signs of whether policymakers would outline a slower easing path when their two-day meeting begins later. Spot gold prices rose 0.36% to $4,203.65 an ounce at 11:30 GMT. U.S. gold futures for February delivery rose 0.4% to $4,232.9 an ounce. "With ongoing geopolitical turmoil increasing the precious metal's appeal as a safe-haven asset, and a dovish outlook for the Fed, which remains under political pressure to lower borrowing costs, the path of least resistance for gold prices is to...
Oil prices held steady on Tuesday after falling 2% in the previous session, with investors monitoring peace talks to end Russia's war in Ukraine, concerns about abundant supplies, and the upcoming US interest rate decision. Brent crude futures rose 22 cents, or 0.4%, to $62.71 a barrel at 11:45 GMT. U.S. West Texas Intermediate crude rose 20 cents, or 0.3%, to $59.08 a barrel. Both contracts fell more than $1 a barrel on Monday after Iraq restored production at Lukoil's West Qurna 2 oil field, one of the world's largest. Ukraine will share a revised peace plan with the US following talks...
Gold (XAU/USD) traded with a negative bias for the third consecutive day, falling to a one-week low of around $4,170 early in the European session on Tuesday. This decline lacked a clear fundamental catalyst and could be attributed to some repositioning ahead of the highly anticipated FOMC policy meeting, which begins today. Investors will continue to closely monitor the latest economic projections, including the so-called dot plot, and Federal Reserve Chairman Jerome Powell's post-meeting press conference for clues on the path of future interest rate cuts. This, in turn, will play a key...
The US dollar weakened in today's trading, after strengthening in previous sessions, supported by rising US bond yields. The weakening greenback has caused investors to reduce their safe-haven dollar positions and gradually shift to other assets offering more attractive yields. Market sentiment is also influenced by speculation that the Fed could take greater policy easing steps if future economic data shows a clearer slowdown. The decline in the dollar index provides breathing space for other currencies, particularly in Asia, which have strengthened or at least stabilized compared to the...
Oil steadied after the biggest drop in almost three weeks, as traders look to reports this week to assess the extent of the glut. Brent crude traded above $62 a barrel after tumbling 2% on Monday, while West Texas Intermediate was near $59. The Energy Information Administration is set to release its Short-Term Energy Outlook on Tuesday, with reports due from the International Energy Agency and OPEC later this week. The IEA has predicted a record surplus next year, and traders will be on the lookout for any changes to market outlooks. Crude has traded in a tight $4-a-barrel...
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....