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...
Oil prices were steady in Asian trading on Tuesday, holding on to gains from the previous session as OPEC+ reaffirmed it will pause production increases in the first quarter, while traders continued to assess supply risks stemming from geopolitical tensions. As of 21:18 ET (02:18 GMT), Brent Oil Futures expiring in February edged up 0.1% to $63.23 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.2% to $59.42 per barrel. Both contracts jumped over 1% on Monday after OPEC+ ministers on Sunday confirmed the group would hold output steady through the first quarter of 2026...
Gold prices weakened slightly in early Asian trading. Spot gold fell around 0.2% to around $4,223.40 per troy ounce. This movement follows a previous rally, and the market is now more cautious while awaiting signals on the direction of interest rate policy from the US central bank, the Federal Reserve (The Fed). In a note, Sucden Financial assessed that gold and silver movements will remain highly sensitive to indications of whether the Fed will cut interest rates. If interest rate cuts do indeed proceed, this is usually a supportive factor for precious metals because yields on...
Silver prices are currently stable and remain about a dollar away from their record high. The white metal is trading around $57.90 per ounce, after surging more than 8% in just the last two sessions. This surge occurred amid trader speculation that silver supplies would tighten, thus driving demand and keeping prices high. In October, a large influx of silver flowed into London to relieve market pressure, but this actually put pressure on other trading centers. Silver inventories linked to warehouses at the Shanghai Futures Exchange even fell to their lowest level in a decade. This...
Global oil prices remain strong as market participants await US President Donald Trump's next move on Venezuela. West Texas Intermediate (WTI) held steady above $59 per barrel after previously rising 1.3%, while Brent hovered near $63 per barrel. Market sensitivity grew after Trump held a meeting on Venezuela on Monday night, as US troops reportedly massed in the region and pressure on Nicolas Maduro's government intensified. This escalating situation has made the market cautious and added a risk premium to oil prices. These geopolitical concerns partly overshadow other concerns about the...
Oil prices rose more than 1% on Monday (December 1st) following a drone attack by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave production levels unchanged for the first quarter of 2026. Brent crude closed at $63.17 per barrel, up 79 cents, or 1.27%. U.S. West Texas Intermediate crude closed at $59.32 per barrel, up 77 cents, or 1.32%. "The market is very nervous right now about the possible loss of Russian crude oil supplies," said John Kilduff, partner at Again Capital LLC. "They're watching closely to see if this Russia-Ukraine deal will...
Gold (XAU/USD) continued its rally for the second consecutive trading session on Monday (December 1), rising more than 0.40% as currency markets anticipate a Federal Reserve (Fed) interest rate cut next week. Meanwhile, a weaker US dollar kept the yellow metal hovering around $4,240 at the time of writing, having reached a five-week high of $4,264. Gold bullion remains strong despite the risk of BoJ tightening and weakening physical demand in China. The yellow metal remains bullish, but central bank tightening, particularly from the Bank of Japan (BoJ) following comments by Governor Kazuo...
Silver surged to a new high on Monday (December 1), with traders placing speculative bets on ongoing supply tightness. Gold weakened slightly. The white metal rose to $58.23 an ounce after surging nearly 6% on Friday. Its price has risen for six consecutive sessions and has nearly doubled in value this year, outpacing gold's rally by about 60%. Silver balances reached a record high in October, easing historic pressures in the world's largest metals trading center, but this has put pressure on other trading centers. Inventories in warehouses connected to the Shanghai Futures Exchange...
Gold prices rose to a six-week high on Monday (December 1), supported by growing expectations of a US interest rate cut and a weaker dollar, while silver hit a record high ahead of key US economic data. Spot gold rose 0.1% to $4,233.83 an ounce, as of 11:15 a.m. ET (16:15 GMT), its highest level since October 21. US gold futures for February delivery rose 0.3% to $4,266.60. Silver rose 3.1% to $58.09 an ounce, after hitting an all-time high of $58.23 earlier. The precious metal has gained more than 100% so far this year. The US dollar fell to a two-week low, making gold more affordable...
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....