Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer tone made the market a little more willing to take risks, thus easing the pressure to buy gold as a safe haven. However, the big picture hasn't changed: gold remains in high territory because the world remains filled with uncertainty. Trade wars could resurface at any time, geopolitical tensions haven't completely subsided, and investors are...
Gold prices traded near a six-week high on Monday, supported by a weaker dollar and firm expectations that the Federal Reserve could cut interest rates at its meeting later this month. Spot gold was last up 0.2% at $4,240.55 an ounce by 02:32 ET (06:32 GMT), after reaching a six-week high of $4,256.2 earlier in the day. U.S. Gold Futures for February rose 0.5% to $4,274.55. Gold prices had jumped more than 4% last week. Gold supported by weaker dollar, Fed cut bets The US Dollar Index traded at a two-week low on Monday, making bullion more attractive for non-U.S. buyers, while risk-off...
The Japanese yen (JPY) continued to strengthen throughout the Asian session on Monday (December 1st) after Bank of Japan Governor Kazuo Ueda again signaled that an interest rate hike could be imminent. These hawkish comments sent Japanese government bond yields to their highest level in years, narrowing the interest rate spread between Japan and other major economies. Coupled with a cautious market sentiment, the yen has increasingly been viewed as a safe haven currency, further strengthening its position. Meanwhile, the US dollar (USD) weakened, hitting its lowest point in nearly two...
Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve's looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back, keeping gold's movements limited. Pressure from the mixed US dollar also prevented gold from posting significant gains. Despite showing some strength in the previous month, gold is now moving defensively due to ongoing global uncertainty. US economic data released in the next few days—including inflation, consumer spending, and signs of a weakening...
Oil prices rose again after OPEC+ confirmed plans to temporarily halt production increases during the first quarter. This Saudi Arabia-led decision is considered a response to seasonally weaker market conditions. Brent is now trading above $63 per barrel, while WTI is approaching $60, signaling that the market is beginning to adjust to the new supply policy. This increase comes after oil posted four consecutive monthly declines due to concerns about a supply surplus. The IEA even predicted a record supply glut in 2026, while JPMorgan forecast oil prices could fall to nearly $50 per barrel....
Silver prices have hit a new record after surpassing $57 per ounce, fueled by tightening global supply and expectations of a US interest rate cut this month. Market participants are now almost entirely expecting the Fed to cut interest rates by 0.25 points, amid the weakening US labor market and dovish comments from central bank officials. Meanwhile, supply concerns are becoming more apparent. Although silver flows to London have reached record levels, easing pressure somewhat, the cost of borrowing silver for one-month terms remains high. The situation is further exacerbated by low silver...
Crude oil futures fell slightly on Friday (November 28th) as investors weighed the geopolitical risk premium on oil amid protracted Russia-Ukraine peace talks, while keeping an eye on Sunday's OPEC+ meeting for clues on potential production changes. US West Texas Intermediate crude futures resumed trading after being frozen due to a system outage at exchange operator CME Group, caused by a cooling issue at its CyrusOne data center. Brent is traded on the Intercontinental Exchange, or ICE. Brent crude futures for January, which expire on Friday, closed down 14 cents, or 0.22%, at $63.20 per...
Gold surged past $4,220 an ounce on Friday (November 28th) to a one-month high and is on track for a fourth straight monthly gain as markets price in a higher probability of a Fed rate cut in December. Dovish statements from several Fed officials and the release of delayed economic data showing weakness have reinforced expectations of easing. Furthermore, Kevin Hassett, seen as a leading candidate to replace Jerome Powell, has also signaled support for lower interest rates, increasing the odds of a 25 basis point rate cut to over 80% and prompting traders to expect around three additional...
Brent crude oil futures were flat on Friday (November 28th), while U.S. crude prices edged higher as protracted Russia-Ukraine peace talks kept geopolitical risks high, and traders continued to monitor Sunday's OPEC+ meeting for clues on potential production changes. U.S. West Texas Intermediate crude oil prices resumed trading after being frozen due to a system outage at exchange operator CME Group, caused by a cooling issue at its CyrusOne data center. Brent oil is traded on the Intercontinental Exchange, or ICE. Front-month Brent crude oil futures for January, which expire on Friday,...
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....