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...
Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months. West Texas Intermediate held above $60, while Brent settled at more than $64 on Tuesday. US crude inventories rose 6.5 million barrels last week, according to a document from the American Petroleum Institute seen by Bloomberg. That would be the biggest jump since July 25 if confirmed by official data later Wednesday. Oil declined Tuesday after a global equities rally hit a speed bump and the greenback climbed to the...
Gold edges higher on a possible technical recovery after front-month gold futures settled down 1.3% overnight. It shouldn't be a big surprise to see the precious metal consolidating in a lower $3,800-$4,050 per ounce trading range, TD Securities' Bart Melek says in a research report. The "perfect" gold bull market environment has been eroded by recent Fed rate cut ambiguities, central bank and Chinese retail buying worries, the head of Commodity Strategy says. After consolidation, however, average gold price is likely to reach a new quarterly record "north" of $4,400/oz in 1H 2026, Melek...
The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion. Fears of potential intervention from Japan's Ministry of Finance and the recent hawkish tone from Bank of Japan (BoJ) Governor Kazuo Ueda lend further support to the JPY. Ueda hinted last week that a rate hike could come by the end of this year or early next year, reinforcing expectations of a gradual policy shift by the BoJ. However, the Japanese Yen's upside remains limited. Uncertainty over the...
Gold slipped slightly Tuesday, pressured by a stronger U.S. dollar and lingering uncertainty over the Federal Reserve's next policy move. Spot gold fell 0.8% to $3,970.08 per ounce and U.S. Gold Futures declined 0.8% to $3,980.31 per ounce. The metal has struggled to hold above the $4,000 mark as the dollar extended gains, making bullion more expensive for overseas buyers. Gold pressured by stronger dollarThe dollar climbed to a three-month high against major currencies on Monday, underpinned by fading bets of another rate cut this year. Fed Chair Jerome Powell last week signaled that...
Silver fell below $48 per ounce on Tuesday, sliding for the third straight session, as investors weighed the outlook for Federal Reserve policy while assessing the impact of easing US-China trade tensions. Last week, the Fed delivered a widely expected 25 bps rate cut, though Chair Powell stressed that another move in December is not guaranteed. Markets now turn to key US data releases, including ADP jobs and ISM PMI reports, for further guidance. Meanwhile, improving trade relations reduced safe-haven demand for precious metals. Over the weekend, the White House announced that China would...
Silver (XAG/USD) weakened on Tuesday to around $47.70 per ounce, down 1.10% on the day, after attempting to extend its recent rally beyond $49.50. Selling pressure increased as the US dollar (USD) strengthened, supported by expectations of tighter monetary policy from the Federal Reserve (Fed). The silver metal weakened amid the firmer tone recently adopted by several Fed officials, including Chairman Jerome Powell, who stated that another interest rate cut in December is "not on the cards." The market currently prices a roughly 65% chance of a rate cut at the December meeting, according...
The US dollar held near a three-month high on Tuesday (November 4th) as a divided Federal Reserve prompted traders to reduce their bets on a rate cut, while the Japanese yen strengthened after a verbal warning from Tokyo officials. The pound approached its lowest level since April after British Finance Minister Rachel Reeves, in a rare speech ahead of her November budget, said the budget would contain "tough choices," signaling the possibility of extensive tax increases. The Australian dollar weakened after the Reserve Bank of Australia kept its benchmark interest rate unchanged at 3.60%,...
Oil prices fell over 1% on Tuesday as OPEC+'s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market. Brent crude futures fell 82 cents, or around 1.3%, to $64.07 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down 84 cents, or 1.4%, at $60.21 a barrel. "The succession of poor manufacturing PMIs from Asia and then the U.S. ISM is a worry for oil demand. So is the ever present market upsetting tariff threat," said John Evans, analyst at PVM Oil Associates. "The renaissance of the U.S. dollar...
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....