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 prices climbed above $33.10 per ounce on Monday, snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the US. Investors closely monitored US-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following Israeli airstrikes on a Gaza hospital on Sunday, which killed five people. Silver also gained support from a weaker US dollar, as concerns grew that President Donald Trump's tariffs could slow economic growth. This, in turn, might push the Federal Reserve to cut interest rates...
Gold price (XAU/USD) remains depressed through the early European session on Monday, though it lacks follow-through selling and holds comfortably above the $3,000 psychological mark or Friday's swing low. The global risk sentiment gets a minor lift in reaction to reports that US President Donald Trump's reciprocal tariffs would be narrower and less strict than initially feared. This is evident from a generally positive tone around the equity markets and turns out to be a key factor undermining the safe-haven precious metal. Meanwhile, the US Dollar (USD) struggles to capitalize on a...
Gold prices fell in Asian trade on Monday, retreating further from record highs as reports that U.S. President Donald Trump's April 2 tariffs would be less severe than feared weighed on safe-haven demand. A weaker dollar limited losses in gold, while broader metal prices rose slightly. Copper was supported by expectations of tighter global supply, especially in the face of U.S. tariffs and Chinese smelter shutdowns. Gold remained ahead of recent peaks, as safe-haven demand remained supported by uncertainty over the U.S. economy and Trump's broader tariff plans. Spot gold fell 0.2% to...
USD/CHF extends its gains for the fourth straight session, trading near 0.8840 during Asian trading hours on Monday (3/24). The currency pair strengthened as the US Dollar (USD) recovered its daily losses, supported by rising Treasury yields amid the hawkish tone surrounding the Federal Reserve (Fed). Last week, Fed Chair Jerome Powell noted, "Labor market conditions are solid, and inflation has moved closer to our longer-run objective of 2%, although it remains somewhat elevated." The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, continued to rise,...
The dollar was slightly below a three-week high against a basket of major currencies on Monday as traders cautiously awaited clarity on the next round of tariffs from U.S. President Donald Trump. The euro rose slightly after three straight sessions of declines, while the yen weakened against the dollar, pressured by a rise in U.S. Treasury yields. The U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 104.15 by 0525 GMT, after touching 104.22 on Friday for the first time since March 7. The index rose 0.4% last week, its first week of gains...
Oil prices fell on Monday as investors weighed the prospects for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to increased Russian oil supplies to global markets. Brent crude futures fell 25 cents, or 0.4%, to $71.91 a barrel by 0409 GMT. U.S. West Texas Intermediate crude futures fell 20 cents, or 0.3%, to $68.08. Both benchmarks closed higher on Friday and posted their second straight weekly gain as new U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supplies. A U.S. delegation will seek progress...
The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Monday (3/24) after two consecutive days of losses. The AUD/USD pair rose as the AUD found support following the release of preliminary Judo Bank Purchasing Managers' Index (PMI) data. Australia's Judo Bank Manufacturing PMI rose to 52.6 in March from 50.4 in February, while the Services PMI improved to 51.2 from 50.8. The Composite PMI also improved, reaching 51.3 in March compared to 50.6 previously. The AUD also gained traction as analysts anticipate the Reserve Bank of Australia (RBA) to keep interest rates...
Silver (XAG/USD) prices moved higher on Monday (3/24), trading around $33.10 per troy ounce during Asian trading hours after three consecutive sessions of declines. The recovery was driven by a weaker US Dollar as concerns over a potential US economic slowdown grew due to President Donald Trump's trade policies. The US Dollar Index, which measures the USD against a basket of six major currencies, snapped a three-day winning streak and traded lower near 104.10. Meanwhile, market participants await the preliminary reading of the US S&P Global Manufacturing PMI for March. However, Silver...
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....