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...
The spot gold price on the global market has shown positive momentum since the start of 2026 after recording a remarkable increase throughout 2025. The latest data shows that spot gold was last traded at around US$4,378 per ounce, up around 1.6% in the Asian session due to several economic factors and market sentiment supporting the precious metal as a safe-haven asset. This global gold rally comes after the precious metal ended last year with a record gain of more than 60%, its largest achievement in decades. Market analysts identify several key drivers, including a weaker US dollar,...
The Australian Dollar is the best performer among major currencies in an otherwise calm start tobe the year. The Aussie appreciates nearly 0.5% against the US Dollar in the daily chart, so far, buoyed by a positive market sentiment and heightened hopes that the next move by the Reserve Bank of Australia (RBA) will ber a rate hike. The hawkish comments by RBA Governor Michelle Bullock, after the December 9 monetary policy decision, and the minutes of the meeting, revealed that policymakers' concerns about inflation have taken center stage, and that the possibility of a rate hike was at the...
The US dollar opened 2026 weakly on Friday. Throughout last year, the dollar was pressured by many major currencies due to narrowing interest rate differentials between the US and other countries. Concerns about the US budget deficit, the global trade war, and the independence of the US Federal Reserve (Fed) weighed on the dollar and are expected to continue this year. The euro and the pound sterling are examples of currencies that have strengthened significantly. The euro stabilized at around $1.17 after surging more than 13% last year, while the pound sterling held around $1.34 after...
Precious metals opened the New Year 2026 with strong performance in Friday's trading. Gold, silver, and platinum continued their strong rally after posting remarkable gains throughout 2025. Global geopolitical tensions and hopes for interest rate cuts kept demand for safe-haven assets high at the start of the year. The spot gold price rose 1.3% to around US$4,372 per ounce, after previously hitting a record high in late December. US gold futures also strengthened. Analysts say year-end selling pressure has eased, allowing market focus to return to fundamental factors such as interest rates...
GBP/USD strengthened to around 1.3480 at the start of Friday's Asian session, holding above 1.3450. This strengthening occurred as the US dollar weakened again, as markets became increasingly confident that the possibility of a Fed interest rate cut remains open this year. Dollar sentiment was also pressured as investors saw the potential for further USD weakness if the next Fed chairman was more dovish and pushed for deeper interest rate cuts. Market expectations regarding this policy direction have reduced the dollar's appeal against other major currencies, including the pound...
Silver prices strengthened today, January 2, 2026, as investor interest increased at the start of the year. Market sentiment was driven by persistently high global uncertainty, leading silver to regain traction as a hedge, although typically not as strong as gold. The start of the year is often a time for investors to reorganize their portfolios. From a macroeconomic perspective, the direction of US interest rate policy remains a key factor. The market believes the possibility of a rate cut remains open if the US economy slows. This condition tends to support silver prices, as precious...
Gold prices rose in early Asian trading amid growing geopolitical concerns in the Middle East. This increase occurred as tensions between Saudi Arabia and the United Arab Emirates escalated in recent days, prompting investors to seek safe haven assets like gold. The situation escalated after Saudi Arabia warned its Gulf rivals against threatening its security. The kingdom asserted it would take all necessary steps to address potential threats. This strong statement sparked concerns about a possible escalation of conflict in the strategic region. According to Bas Kooijman, CEO and asset...
World oil prices stabilized on the first trading day of 2026 after experiencing a sharp decline throughout last year. West Texas Intermediate (WTI) crude traded above US$57 per barrel, while Brent, the global benchmark, closed below US$61 per barrel. This price stability follows a weakening prior to the New Year holidays. Market participants' attention is now focused on the OPEC+ meeting, which will be held virtually on January 4. Major countries such as Saudi Arabia and Russia are expected to maintain their previous decision to temporarily halt oil supply increases. This policy was taken...
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....