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...
The USD/CHF pair fell to around 0.7880 in Asian trading on Tuesday (December 30), reversing the previous two days' gains. This movement came as investors awaited the Swiss Federal Open Market Committee (KOF) key indicator, which could provide insight into future economic activity trends. The Swiss franc is likely to be supported by demand for safe-haven assets amid global uncertainty. Tensions have escalated due to the Ukraine-Russia conflict, Saudi airstrikes in Yemen, and Iran's warning of a "full-scale war" with the US, Europe, and Israel. Trump's statement about the possibility of...
Global gold prices fluctuated in today's trading, as investors weighed various economic factors and global market sentiment. Although gold is often seen as a safe haven amidst turmoil, its price is currently under pressure from profit-taking and a decision by futures exchanges to raise margin requirements for precious metals trading. This has led some market participants to sell back after the previous strong rally. One fundamental factor influencing gold's movement is expectations regarding interest rate policy and the monetary policies of major central banks like the Fed. When there is a...
Global oil prices remain high despite concerns about oversupply. Traders are now more focused on geopolitical tensions, from Venezuela to Russia and Iran, which have the potential to disrupt global energy supplies. This situation has kept the market cautious, even though the annual trend for oil prices remains weak. Venezuela has reportedly begun shutting down several oil wells in the region with the world's largest reserves due to the United States blockade. Meanwhile, US President Donald Trump claimed his country had attacked a facility within the country. Tensions also escalated after...
Silver prices stabilized after experiencing their biggest drop in more than five years in the previous session, amid profit-taking following a strong year-end rally. Silver held above $71 an ounce on Tuesday, despite falling 9% in the previous session. Gold was little changed, trading around $4,340, after falling 4.4%. The decline was driven by technical indicators suggesting excessively rapid price increases, coupled with thin market liquidity, which exacerbated price fluctuations. Despite Monday's decline, both gold and silver remain on track for their best annual performance since 1979....
Oil prices rose more than $1 a barrel on Monday (December 29th) as Russia accused Ukraine of attacking President Vladimir Putin's residence, while traders braced for potential supply disruptions in the Middle East due to escalating tensions in Yemen. Brent crude futures rose $1.30, or 2.1%, to $61.94 a barrel. U.S. West Texas Intermediate crude futures rose $1.34, or 2.4%, to $58.08. On Monday, Russia accused Ukraine of launching a drone attack on the Russian president's residence in northern Russia, prompting Moscow to now plan to review its position in peace talks. Ukraine rejected...
Gold prices plunged more than 4% to below $4,350 an ounce on Monday as investors secured profits after a string of record highs, with tentative progress in U.S.-Ukraine peace talks weighing on safe-haven demand despite ongoing uncertainty. President Donald Trump said negotiations with Ukrainian President Volodymyr Zelenskiy had made significant progress, although a final agreement is still weeks away. Zelenskiy noted that the framework is largely in place and U.S.-Ukraine security guarantees have been finalized, while core issues such as control over the Donbas region remain unresolved. At...
Oil prices reversed course after Friday's decline as US-led talks to end Russia's war in Ukraine failed to produce a breakthrough, and China pledged to support growth next year. West Texas Intermediate (WTI) prices reached over $58 per barrel, while Brent neared $62. The US has stepped up efforts to end the war, but sticking points remain, highlighting the difficulty of reaching a deal. President Donald Trump said he had made progress in talks on Sunday with Ukrainian President Volodymyr Zelenskiy at Mar-a-Lago. Zelenskiy said he asked Trump for security guarantees for 30 to 50 years. An...
Gold (XAU/USD) drops sharply on Monday, down 4.50% and trading near $4,330 at the time of writing, after hitting a fresh all-time high at the end of last week. The precious metal is facing strong profit-taking in a thin liquidity environment ahead of the year-end holidays, which is amplifying the corrective move following the sharp rally seen in recent months. A moderate rebound in the US Dollar (USD) is also adding pressure on Gold, as it makes the metal more expensive for non-US buyers. This recovery in the Greenback comes as some investors adjust their positions before the end of the...
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....