Gold climbs in the early Asian session amid safe-haven demand spurred by new credit-fraud fears. Regional banks in the U.S. came under renewed scrutiny Thursday after Zions Bancorp said it would take a large loss and revealed accusations of fraud against a set of borrowers who had ties to a number of other lenders in the industry. Safe-haven demand also comes amid intensifying trade frictions and expectations of further Fed monetary easing, says Bas Kooijman, CEO and asset manager at DHF Capital, in an email. Spot gold rises 0.9% to $4,366.29/oz after earlier touching a fresh record...
Silver prices fell near $30 an ounce on Thursday, nearing a two-month low as risk sentiment and a stronger dollar diverted investor interest from the precious metal. Equities, cryptocurrencies and the dollar have rallied since Donald Trump's election victory last week, as markets bet on strong growth and higher inflation under the new administration. Meanwhile, the latest U.S. inflation figures met expectations, with little impact on the Federal Reserve's monetary policy outlook. In China, investors were disappointed by Beijing's latest support measures to stabilize the economy, although...
Gold price (XAU/USD) continues losing ground for the fifth consecutive day and drops to its lowest level since September 19, around the $2,559-2,558 region as the US Dollar (USD) buying remains unabated through the Asian session on Thursday. Hopes that US President-elect Donald Trump's policies will spur growth and stimulate inflation, and force the Federal Reserve (Fed) to pause its easing cycle remain supportive of elevated US Treasury bond yields. This, in turn, lifts the USD to its highest level since November 2023 and continues to weigh heavily on the commodity. Furthermore, the US...
Gold prices (XAU/USD) attracted sellers for the fifth consecutive day and dropped to the lowest level since September 19, around the $2,559-2,558 region during the Asian session on Thursday. The US Dollar (USD) continued its post-election rally and climbed to a new peak so far this year (YTD) on hopes that US President-elect Donald Trump's policies will spur growth. This, in turn, was seen as a key factor that continued to weigh on the USD-denominated commodity. Meanwhile, investors believe that the protectionist tariffs expected from the new Trump administration could increase inflation...
The Australian Dollar (AUD) continued its losing streak against the US Dollar (USD) following the release of key economic data on Thursday. Australian Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in the previous month, reaching the lowest level since October 2021. Australia's seasonally adjusted Unemployment Rate remained steady at 4.1% in October for the third month in a row, in line with market expectations. However, Employment Change showed only 15.9K new jobs were added in October, well below estimates of 25.0K. Reserve Bank of Australia (RBA) Governor...
Oil prices steadied after hitting their lowest levels this month on Wednesday as a surging U.S. dollar weighed on the commodity, and concerns about demand growth clouded the outlook. Brent, the global benchmark, traded near $72 a barrel, while West Texas Intermediate was above $68. The U.S. currency has strengthened to a two-year high following Donald Trump's election victory, making dollar-priced raw materials more expensive for most buyers. China's weakening profile in global oil markets was highlighted midweek, with the U.S. Energy Information Administration saying India is now the main...
Silver (XAG/USD) attracted some follow-through selling during the Asian session on Thursday and dropped to its lowest level since September 19 in the last hour. Bearish traders now await a sustained break below the $30.00 psychological mark before positioning for an extension of the recent sharp decline from 12-year tops touched last month. An overnight close below the 50% Fibonacci retracement level of the August-October rally and a subsequent break through the 100-day Simple Moving Average (SMA) for the first time since September could be seen as a fresh trigger for bearish traders....
Emas bertahan dalam penurunan empat hari karena reli tajam dolar membebani logam tersebut, bahkan ketika data inflasi AS mendukung kasus penurunan suku bunga Federal Reserve bulan depan. Emas stabil setelah penurunan 1% pada sesi sebelumnya yang mendorongnya ke level terendah delapan minggu. Pengukur dolar telah naik ke level tertinggi dua tahun karena ekspektasi bahwa kemenangan Presiden terpilih Donald Trump akan meningkatkan pertumbuhan ekonomi dan laba perusahaan. Greenback yang lebih kuat membuat komoditas yang dihargakan dalam mata uang tersebut lebih mahal bagi sebagian besar...
US benchmark West Texas Intermediate (WTI) crude oil prices traded around $67.90 on Thursday (11/14). WTI prices recovered slightly amid a surprise drop in crude oil. However, a stronger US Dollar (USD) in general may cap gains. The American Petroleum Institute (API) weekly report showed crude oil stockpiles fell last week. Crude oil stocks in the United States for the week ended November 8 fell by 777,000 barrels, compared with a build of 3.132 million barrels in the previous week. Market consensus had expected stocks to increase by 1 million barrels. The black gold's gains may be capped...
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....