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...
Harga emas terus mengalami penurunan tajam pada hari ini, diperdagangkan di sekitar $3.983. Pergerakan ini terjadi karena beberapa faktor utama yang mempengaruhi pasar. Salah satunya adalah penguatan dolar AS yang terus bertahan di level tinggi. Indeks Dolar AS (DXY) mendekati 99,70, didorong oleh meredanya spekulasi mengenai pemangkasan suku bunga lebih lanjut oleh The Fed. Ketua The Fed, Jerome Powell, dalam komentarnya, menegaskan bahwa penurunan suku bunga pada Desember "masih jauh dari kepastian," yang membuat dolar semakin kuat dan menekan harga emas yang dihargai dalam mata uang...
Silver climbed above $49 per ounce on Friday and was poised to finish the week slightly higher as rising market volatility lifted demand for safe-haven assets. Global stocks experienced sharp swings this week amid growing concerns over AI infrastructure spending, while the Federal Reserve's latest rate cut and the Trump-Xi meeting offered little fresh support. The Fed delivered a widely anticipated quarter-point reduction earlier this week, though Chair Jerome Powell cautioned that another cut in December is not guaranteed. The meeting between Presidents Trump and Xi also concluded with...
Oil prices headed for a third straight monthly decline, falling on Friday (October 31st) due to a stronger US dollar, weak Chinese data, and rising supply from major global producers. Brent crude futures fell 38 cents, or 0.6%, to $64.62 a barrel at 10:08 GMT, while U.S. West Texas Intermediate crude was at $60.19 a barrel, down 38 cents, or 0.6%. The U.S. dollar is nearing a three-month high against major currencies, making dollar-denominated commodities like oil more expensive. Meanwhile, sources told Reuters that Saudi Arabia, the world's largest oil exporter, may lower its December...
Gold held steady near $4,000 an ounce, as traders weighed a US-China trade truce that failed to quell concerns about a long-term rivalry between the world's two largest economies. Spot gold pared losses after falling as much as 0.9% an ounce on Friday during Asian trading hours. Chinese leader Xi Jinping called for stable supply chains in his first public speech after meeting with US President Donald Trump. The talks between the two leaders appeared to resolve—for now—the months-long dispute, but the one-year pause will likely only stabilize relations and give each side time to reduce...
EUR/USD weakened slightly as markets again doubted the chances of aggressive Fed easing. Powell's cautious comments prompted investors to seek refuge in the dollar, especially as global risk sentiment improved somewhat following news of the US-China trade war. Meanwhile, Europe is still awaiting new evidence on inflation and growth before the ECB dares to change its policy tone—as a result, the euro lacks a strong catalyst for a rebound. From a fundamental perspective, the Fed's "data-dependent" stance makes the dollar's direction sensitive to the next US economic release. If signs of a...
The US Dollar Index (DXY) held steady around 99.50 during the Asian session on Friday (October 31st). The greenback's movement was slight as market expectations for a Fed interest rate cut strengthened. According to the CME FedWatch Tool, the probability of a December rate cut is at 71%, up from 66% the day before, although still down from a peak of nearly 91% after Fed Chair Jerome Powell emphasized that further action would be data-dependent given the limited official data due to the US government shutdown. At its Wednesday meeting, the Fed cut interest rates by 25 basis points to...
Gold consolidated gains from a day earlier, holding above $4,000 an ounce as traders weighed a US-China trade truce that failed to quash concerns about long-term competition between the world's two largest economies. Bullion edged higher on Friday, after climbing 2.4% in the previous session to halt a four-day losing streak. While talks between Presidents Donald Trump and Xi Jinping appeared to resolve – for now – months of brinkmanship, a one-year pause is likely only to stabilize relations while buying each side time to reduce strategic dependence. The détente...
Oil headed for a third monthly drop on concerns about a global glut, with OPEC+ expected to back another supply hike this weekend. West Texas Intermediate fell toward $60 a barrel, on track for a monthly loss of more than 3%, while Brent settled at $65. The producers' group will hold discussions on Sunday, and members are expected to agree to revive another slice of halted capacity in a push to reclaim market share. Traders were also taking stock of the impact of Western sanctions on Russia, including US curbs on the nation's leading producers, Rosneft PJSC and...
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....