Gold weakened slightly on Thursday (September 11), but held near record highs well above $3,600, as a modest dollar recovery and profit-taking weighed on prices, while investors awaited US consumer inflation data due later in the day. Spot gold fell 0.3% to $3,629.23 an ounce, as of 08:11 GMT. Bullion hit a record high of $3,673.95 on Tuesday. US gold futures for December delivery fell 0.4% to $3,666.70. The US dollar index rose 0.2% to a near one-week high against a basket of major currencies, making dollar-priced gold more expensive for overseas buyers. "Gold appears to be under some...
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $32.08 per troy ounce, down 0.53% from the $32.25 it cost on Wednesday. Silver prices have increased by 11.03% since the beginning of the year. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 89.05 on Thursday, up from 88.76 on Wednesday. Sumber : Fxstreet
Gold futures tick lower, but keep near record highs. Futures slide 0.4% to $2,881.30 a troy ounce, after hitting a fresh record of $2,906 in the prior session. Gold's bull market looks set to continue under the Trump administration, with trade wars and geopolitical tensions reinforcing trends toward central bank reserve diversification and de-dollarization, Citi analysts say. Support from emerging market central bank gold demand and global growth concerns should raise both ETF and physical gold demand, they say in a note. A Russia-Ukraine peace deal, and clarity around whether gold will be...
Oil prices edged up in Asian trade on Thursday after Saudi Arabia's state oil company sharply raised March crude prices, but the gains were small compared with the biggest drop in benchmark Brent crude in nearly three months the previous day. Brent crude was up 8 cents at $74.69 a barrel by 0422 GMT. U.S. West Texas Intermediate crude was up 15 cents at $71.18 a barrel. Oil prices had fallen more than 2% on Wednesday as a big build in U.S. crude and gasoline inventories signaled weaker demand, and as investors weighed the implications of a new round of U.S.-China trade tariffs, including...
Silver (XAG/USD) price continued its uptrend for the fourth straight session, trading near $32.30 per troy ounce during the Asian trading hours on Thursday (February 6). Technical analysis on the daily chart highlights a strong bullish bias, with the price maintaining its upward trajectory within an ascending channel. The XAG/USD pair remains above the nine-day and 14-day Exponential Moving Averages (EMA), indicating solid near-term momentum. Moreover, the 14-day Relative Strength Index (RSI) is nearing the 70 level, which reinforces the bullish sentiment. A break above the 70 level could...
Gold (XAU/USD) prices traded with a mild positive bias during the Asian session on Thursday (6/2) and remained close to the all-time highs hit the previous day. Investors continued to seek refuge in the traditional safe-haven bullion amid growing concerns about the US-China trade war and the potential economic impact of US President Donald Trump's trade tariffs. Further, expectations that the Federal Reserve (Fed) will continue to cut interest rates in 2025 and the recent decline in US Treasury bond yields further supported the non-yielding yellow metal. However, investors took a breather...
Gold steadied in Asian trading — after blowing through a series of record highs in the previous session — with rising economic and geopolitical risks supporting haven demand. Bullion held near $2,870 an ounce — having added 0.9% on Wednesday — after President Donald Trump said the US could take over Gaza, a comment that his aides sought to tone down, and that he wants to start working on a new nuclear deal with Iran. Washington is also expected to present a plan to end Russia's war on Ukraine next week. Worries about the fallout from the US-China trade...
The Australian Dollar (AUD) edges lower against the US Dollar (USD) following lower-than-expected Trade Balance data released on Thursday. Additionally, the AUD/USD pair receives downward pressure from risk-off sentiment amid rising fears over US-China trade tensions. Australia's trade surplus fell to 5,085M in December, missing the expected 7,000M and down from the previous surplus of 6,792M. Exports increased by 1.1% MoM, slowing from November's 4.2% rise, while imports surged 5.9% MoM, up from 1.4% in the prior month. Traders closely watch the ongoing trade war between the United States...
Oil steadied near the lowest this year as President Donald Trump's geopolitical positions and threats of tariffs on energy weighed on the outlook. West Texas Intermediate traded above $71 a barrel after falling 2.3% on Wednesday to cancel out all year-to-date gains, while Brent crude closed below $75. China is set to impose retaliatory tariffs on the US from Monday, igniting a trade war that could hurt global growth, while the US leader's proposal to take over Gaza was widely condemned. Investors have pulled out of crude and fuel markets since Trump's inauguration,...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....