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...
Silver rose to around $79 per ounce on Tuesday, marking a third consecutive session of gains and moving toward record levels. The US attack on Venezuela and the capture of President Nicolas Maduro added a new layer of geopolitical risk, supporting demand for safe-haven metals. Reports also indicated that President Donald Trump threatened a second military action if Venezuela's interim president, Delcy Rodriguez, did not comply with US demands. Investors further digested weaker-than-expected US manufacturing data and dovish comments from a key Federal Reserve official regarding labor market...
Gold prices edged up on Tuesday (January 6), hitting a one-week peak and nearing a record high, with demand for safe havens driven by geopolitical tensions surrounding the US arrest of Venezuela's president and expectations of a US interest rate cut. Spot gold prices rose 0.3% to $4,461.09 an ounce, as of 11:35 GMT, after rising nearly 3% in the previous session. Bullion hit a record high of $4,549.71 on December 26, ending the year with a 64% gain, its best annual performance since 1979. US gold futures for February delivery rose 0.3% to $4,462.60. "Gold prices were supported by rising...
Oil prices edged higher in recent trading, continuing their gains after posting their biggest daily gain in a week. However, market direction remains mixed as market participants weigh two competing narratives: resurgent geopolitical risks versus lingering concerns about a global supply surplus. In European markets, Brent held steady around US$62 per barrel after strengthening by around 1.7% in the previous session. Attention remains focused on developments in Venezuela following the fall of Nicolás Maduro, including planned talks between industry leaders and Washington regarding the future...
Gold prices rose slightly on Tuesday (January 6) to a near one-week high, supported by safe-haven demand amid rising geopolitical tensions over the US arrest of Venezuelan President Nicolas Maduro and growing expectations of a US interest rate cut. Spot gold prices rose 0.1% to $4,452.60 an ounce, as of 0946 GMT, after rising nearly 3% in the previous session. Bullion hit a record high of $4,549.71 on December 26, ending the year with a 64% gain, its best annual performance since 1979. US gold futures for February delivery rose 0.3% to $4,462.60. "Gold prices were supported by rising...
Oil prices fell on Friday (January 2), the first trading day of 2026, after posting their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuelan exports. Brent crude futures closed down 10 cents at $60.75 a barrel, while U.S. West Texas Intermediate crude fell 10 cents to $57.32. Russia and Ukraine accused each other of attacks on civilians on New Year's Day despite talks led by U.S. President Donald Trump aimed at ending the nearly four-year war. Kyiv has stepped up attacks on Russian energy...
Gold and silver steadied at the beginning of the year after their best annual performances since 1979 as traders assessed the reweighting of a benchmark commodity index that starts next week. Bullion gained as much as 1.9% on Friday before paring most gains during US hours. Silver eased after earlier climbing as much as 4%. While traders have flagged the metals could do well this year on further US interest-rate cuts and dollar weakness, there's concern that a broad index rebalancing might pressure prices in the near term. Given the metals have rallied, passive tracking funds may sell some...
Oil prices fell on the first trading day of 2026 as expectations of a growing supply surplus offset geopolitical risks to production in some OPEC+ countries. Brent crude traded near $60 per barrel on a relatively thin trading day, while West Texas Intermediate neared $57. Middle East markets, including derivatives such as the regional benchmark Dubai, weakened amid heavy selling pressure during the key Asian trading window, traders familiar with the matter said. Faced with a seasonal decline in consumption, the Organization of the Petroleum Exporting Countries (OPEC) is likely to remain...
Precious metals began the first trading session of the New Year by continuing their strong gains in 2025 as geopolitical tensions and expectations of a US interest rate cut kept gold demand high. Spot gold prices rose 0.5% to $4,335.50 an ounce, as of 10:25 a.m. ET (15:25 GMT), after hitting $4,402.06 earlier in the session. Bullion hit a record high of $4,549.71/oz on December 26, marking a 64% increase in 2025. US gold futures for February delivery rose 0.1% to $4,346.20/oz. "We continue to see the market talking about a March interest rate cut and possibly another later this year. That...
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....