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...
Gold faces a two-way risk in 2025, with the Fed's monetary policy decisions, Trump's economic and foreign policies, and geopolitical developments becoming the main drivers. Bearish scenarioA de-escalation of geopolitical tensions in the Middle East and/or a resolution to the Russia-Ukraine crisis could trigger a sharp downward correction in Gold prices, given how much the precious metal benefited from these conflicts throughout 2024. Trump's "America First" approach suggests that his administration will be focused on domestic policies and possibly not prioritize international affairs. In...
Silver price (XAG/USD) falls to near $29.30 in Tuesday's European session, though it remains inside Monday's trading range amid thin trading volume due to holidays on Wednesday and Thursday on account of Christmas Eve and Thanksgiving Day. The white metal is broadly under pressure as the Federal Reserve (Fed) has guided a moderate hawkish stance on the monetary policy outlook. The Fed has shifted from "dovish" to "cautionary" on interest rates as progress in the disinflation trend has stalled in the last three months, and labor market conditions are not as bad as they appeared in the...
Crude Oil prices are going nowhere as volatility dies down on Tuesday with traders looking ahead to Christmas Eve rather than the release of the American Petroleum Institute (API). Even headlines of further stimulus in China are not driving Oil prices higher: Chinese policymakers want to boost the economy with a 3 trillion Yuan bond injection, a move that should ramp up spending and result in a boost in demand for Oil from one of the world's top consumers. At the time of writing, Crude Oil (WTI) trades at $69.61 and Brent Crude at $72.80.(cay) Newsmaker23 Source: Fxstreet
Gold traded in a narrow range as traders weighed the prospect of a slower pace of interest rate cuts by the U.S. Federal Reserve next year. Bullion prices were near $2,615 an ounce after closing down 0.4% on Monday. Investors digested the latest data on U.S. consumer confidence, which unexpectedly fell amid uncertainty over the policies of the incoming Trump administration. Gold was steady during thin holiday trading but a stronger dollar continued to weigh on the market, Pranav Mer, an analyst at JM Financial Services Ltd. in Mumbai, said in a note on Tuesday. Earlier this month, the Fed...
Oil rose in thin holiday trade, supported by a rally in equities and the rise of President-elect Donald Trump in international politics. Brent traded near $73 a barrel after falling slightly on Monday. European and Asian stocks rose after a Wall Street rally led by large-cap technology stocks. However, the dollar held near a two-year high, dampening the appeal of commodities. Trump has threatened to seize the Panama Canal, as well as impose tighter sanctions on Iran and tariffs on China that could affect the global oil balance. "The festive season seems a little different from Donald...
The US dollar strengthened in thin holiday-affected trading on Tuesday, maintaining recent strength as traders brace for fewer Federal Reserve interest rate cuts in 2025. At 4:25 AM ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 107.905, near a recent two-year high. The dollar has been in demand since the Federal Reserve outlined a hawkish outlook for interest rates after its final policy meeting of the year last week, projecting just two rate cuts of 25 basis points in 2025. In fact, markets are now...
Gold (XAU/USD) prices struggled to capitalize on their modest intraday gains on Tuesday and remained below multi-day highs set the previous day amid mixed fundamental cues. Geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with trade war concerns, continued to lend support to the safe-haven precious metal. However, the Federal Reserve's (Fed) hawkish policy shift kept a lid on the commodity. The US central bank last week signaled it would slow the pace of interest rate cuts in 2025. The outlook remains supportive of a pickup in the US...
Oil prices rose on Tuesday, reversing the previous session's losses, supported by a slightly positive near-term market outlook, despite thin trading ahead of the Christmas holiday. Brent crude futures rose 42 cents, or 0.6%, to settle at $73.05 a barrel, and U.S. West Texas Intermediate crude rose 38 cents, or 0.6%, to settle at $69.62 a barrel by 0742 GMT. Changes in supply and demand in December have supported their less bearish outlook so far, analysts said in a note. A plan by China, the world's biggest oil importer, to issue 3 trillion yuan ($411 billion) worth of special bonds next...
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....