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...
Gold prices fell 3% on Friday (November 14th) due to a broader market sell-off, triggered by hawkish remarks from US Federal Reserve officials, which dimmed hopes of a December interest rate cut. Spot gold prices fell 1.9% to $4,092.72 an ounce, as of 2:33 PM ET (19:33 GMT), after falling more than 3% earlier in the session. However, bullion is up 2.3% so far this week. US gold futures for December delivery closed 2.4% lower at $4,094.20. "The notion that we're going to see a smaller chance of a Fed rate cut in December is what's weakening the gold and silver markets," said David Meger,...
Oil prices rose nearly 2% on Friday (November 14th), driven by supply concerns after the Black Sea port of Novorossiisk halted oil exports following a Ukrainian drone attack on an oil depot in Russia's key energy hub. Brent crude futures rose $1.04, or 1.65%, to $64.05 a barrel at 14:28 GMT, while U.S. West Texas Intermediate crude rose $1.15, or 1.96%, to $59.84 a barrel. The contracts were more or less stable this week. At those levels, Brent was headed for a weekly gain of about 0.7% and WTI was up slightly by 0.15%. Friday's attack damaged a ship at the port, an apartment block, and an...
Gold fell as optimism that the Federal Reserve will cut interest rates next month was shaken by continued uncertainty over economic data, following the longest government shutdown in U.S. history. Expectations for a Fed rate cut declined as the week progressed, with Fed officials showing little confidence in reducing borrowing costs. Higher interest rates typically make non-yielding bullion relatively less attractive to investors. Traders are now divided on the likelihood of a December rate cut, having previously expected a quarter-point cut less than a month ago. Attention now turns to...
Oil prices climbed around 2% on Friday, boosted by supply fears after the Black Sea port of Novorossiysk halted oil exports following a Ukrainian drone attack that hit an oil depot in the major Russian energy hub. Brent crude futures were up $1.50, or 2.4%, at $64.51 a barrel by 1115 GMT, while U.S. West Texas Intermediate crude advanced $1.57, or 2.7%, to $60.26 a barrel. Friday's attack damaged a ship in port, apartment blocks and an oil depot in Novorossiysk, injuring three of the vessel's crew, Russian officials said. The port paused oil exports and oil pipeline monopoly Transneft...
The US dollar strengthened again in today's session after being pressured by news of the US government reopening and expectations that delayed economic data would show weakness. However, the increase came due to comments from Federal Reserve (The Fed) officials that were more hawkish than market expectations, particularly the statement that an interest rate cut was unlikely in the near future. The dollar's rise was also supported by a surge in US bond yields, which made dollar-denominated assets more attractive in terms of yield compared to other currencies. With rising Treasury yields, the...
Gold struggles to capitalize on its modest intraday gains, though the downside seems limited. Reduced bets for a December Fed rate cut act as a headwind for the non-yielding yellow metal. Economic concerns weigh on the USD and could support XAU/USD amid the risk-off impulse. Gold refreshes daily low as reduced Fed rate cut bets offset weaker USD, risk-off mood Gold (XAU/USD) attracts some sellers following an intraday move higher to levels beyond the $4,200 mark and drops to a fresh daily low during the early part of the European session on Friday. A growing number of Federal Reserve...
Silver prices continued to climb on Friday, November 14, 2025, and moved within the range of USD 52-53 per troy ounce. Silver rose around 1.2% to USD 52.95 per ounce and was on track for a weekly gain of nearly 10%. This marked one of the best weeks of the year and brought prices back near the record level touched last October. This increase occurred in line with the weakening US dollar and strong investor interest in safe-haven assets following the end of the lengthy US government shutdown. In terms of sentiment, the market is still awaiting a clear direction on the Fed's interest rate...
The EUR/USD pair moved within a narrow range during the Asian session on Friday (November 14th). The pair appeared to be consolidating after a strong rally to a more than two-week high reached the previous day. Price-wise, EUR/USD remained around 1.1635, barely changing on the day and remaining just below the key 50-day moving average, which now serves as the upper limit that must be broken. On the US dollar side, pressure remains. The greenback struggled to attract buyers and remained near a two-week low due to concerns about the economic impact of the prolonged US government shutdown....
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....