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...
The U.S. dollar was choppy on Tuesday, as investors attempted to gauge the longevity of a flare-up in trade tensions between the U.S. and China. U.S. President Donald Trump has appeared to rein in his strident rhetoric about China in recent days, after previously saying he would slap triple-digit tariffs on the country following Beijing's move to expand its restrictions on exports of critical rare earth materials. Despite signs of the White House assuming a more conciliatory stance, some concerns have continued to swirl around the intractable nature of the trade spat between the world's...
Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices climbed as a historic short squeeze in London intensified a rally driven by soaring demand for safe-haven assets. The price of the grey metal surged amid growing concerns over liquidity shortages in London, prompting some traders to secure cargo space on transatlantic flights for Silver bars, an unusually costly transport method typically reserved for Gold, in a bid to capitalize on higher prices...
Gold prices fell to $4,090 ahead of the European session on Tuesday after briefly reaching an all-time high of $4,179. This occurred as market participants cautiously awaited a speech by Fed Chairman Jerome Powell. With expectations that Powell might signal that the US central bank will remain cautious or cautious in easing interest rates, demand for safe-haven assets like gold has been depressed. Amidst sensitive market conditions, a slight change in tone from Powell could trigger a sharp reaction. Furthermore, the strengthening of the US dollar also weighed on gold prices because gold is...
Gold rises in the early Asian session, buoyed by the bullish fundamental backdrop. The BofA Global Research team expects further upside in 2026, with gold and silver potentially rising to $5,000/oz and $65/oz, respectively. "White House's unorthodox policy framework should remain supportive for gold," the team says in a research report, citing drivers including fiscal deficits, rising debt, and a push to cut rates. Spot gold is 0.5% higher at $4,131.72/oz after earlier touching a record intraday high of $4,132.04/oz. Source: Dow Jones Newswires
Oil steadied after paring a slump in the week's opening session, as investors weigh the fallout of renewed US-China trade tensions against demand. West Texas Intermediate traded near $60 a barrel after gaining 1% in the previous session — following a 4.2% plunge on Friday — while Brent closed just above $63. US president Donald Trump eased his rhetoric against China after touting a fresh round of US tariffs and export curbs late last week and flagged openness to a deal with Beijing. The resumption of the trade conflict between the two biggest oil users has introduced fresh...
Oil prices rose on Monday (October 13th) after assurances that US President Donald Trump would meet with Chinese President Xi Jinping by the end of October. This eased escalating trade tensions between the world's two largest economies, which had pushed crude prices to a five-month low on Friday. Brent crude closed up 59 cents, or 0.9%, at $63.32 per barrel, while US West Texas Intermediate crude also closed up 59 cents, or 1%, at $59.49 per barrel. Both contracts fell about 4% on Friday, hitting their lowest levels since May, after Trump threatened to cancel the meeting with Xi and impose...
Gold broke through $4,100 an ounce for the first time on Monday (October 13), hitting a new record high amid renewed U.S.-China trade tensions and expectations of a U.S. interest rate cut, while silver also rose to an all-time high. Spot gold rose 2.2% to $4,106.48 an ounce, as of 1:47 p.m. ET (1747 GMT), after hitting a record $4,116.77. U.S. December gold futures closed 3.3% higher at $4,133. Gold has gained 56% this year and topped $4,000 for the first time last week, driven by factors including geopolitical and economic uncertainty, expectations of a U.S. interest rate cut, and robust...
Bearish signs are emerging in the oil market after US President Donald Trump's latest tariff threats sparked fears of an imminent oversupply. The West Texas Intermediate crude oil timeframe beginning in February 2026 and the following months has shifted into contango, a structure in which prices near that point trade at a discount to older prices. The repricing that began late last week dashed hopes that the market could avoid a long-anticipated oversupply, just as new US tariff threats against China are hurting demand prospects for the world's two largest crude importers. The crude oil...
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....