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...
Silver prices (XAG/USD) rose to around $48.65 in early European trading on Wednesday (October 8th). The metal strengthened slightly, approaching a 14-year high amid growing expectations of a Fed rate cut and the ongoing US government shutdown. The US government shutdown entered its eighth day on Wednesday. The increased level of uncertainty could drive safe-haven inflows, supporting silver prices. US President Donald Trump said on Tuesday that his administration plans to lay off federal employees if the shutdown continues beyond Monday, adding that he would provide details on the layoffs in...
Wednesday, October 8, 2025 - The Australian dollar weakened to around US$0.656, extending its decline as the US dollar continued to strengthen. Safe-haven demand for the greenback increased as the US government shutdown entered its second week, while President Trump's threat of mass layoffs further diminished hopes for a resolution. Global risk sentiment also declined, pressuring high-beta currencies like the Aussie. On the policy front, markets reduced expectations for near-term RBA easing after last week's hawkish tone. Futures prices now price in a 35% chance of a 25 bps cut in November...
Gold reapproached the psychological $4,000/oz level on Wednesday (October 8th), extending the safe-haven rally. Spot prices briefly touched an intraday record around $3.99,000, while the most-active December New York contract—the most active—returned above $4,000. Pressure on technology stocks following news of lower-than-expected Oracle cloud margins contributed to a rotation into gold amid the protracted US government shutdown. The shutdown delayed key data releases, further clouding the Fed's interest rate cut; market participants relied on official commentary and hedged in the bond...
Oil edged higher after a mixed US inventories report, with traders also focused on the broader outlook for supply as OPEC+ presses on with output increases and American production expands. West Texas Intermediate rose above $62 a barrel after ending little changed on Tuesday, when Brent closed near $65. The industry-funded American Petroleum Institute reported a drop of 1.8 million barrels at the Cushing, Oklahoma, hub last week, as well as declines in product holdings including gasoline. Still, nationwide crude holdings were estimated to have risen. Crude remains under...
Brent crude oil futures rose from post-settlement levels Tuesday after the American Petroleum Institute reported a mix inventory report as weekly domestic crude inventories increased by more than expected, but product stockpiles including gasoline slipped. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $62.04 a barrel following the report after settling up 0.1% at $61.73 barrel. U.S. crude inventories increased by about 2.8M barrels for the week ended Oct. 3, compared with a draw of about 3.7M barrels reported by the API for the previous week. The build was larger than...
Gold price rallied during the North American session and reached a record high of $3,991, before settling closer to $3,982 for a 0.60% gain. Uncertainty about the US government shutdown and expectations of lower interest rates the Federal Reserve (Fed) keep the yellow metal bid. Bullion hits fresh record highs on US fiscal gridlock, geopolitical uncertainty and central bank demandThe New York Fed revealed the Survey of Consumer Expectations (SCE) showed that inflation expectations ticked higher, while the labor market continued to deteriorate. Aside from this, Fed officials crossed the...
Silver traded around $48.10 per ounce, retreating from the multi-year high touched on October 6th amid profit-taking as a firmer yield backdrop raised the metal's opportunity cost. The Treasury curve ticked up, making a non-yielding asset less attractive to yield-sensitive capital. Physical demand from solar and electronics remains constructive but not large enough to offset the financial unwind, and modest recoveries in mine output and recycling have eased prompt tightness in deliverable markets. That pullback follows a rally that had been powered by safe-haven buying during the US...
The dollar continued its strengthening for a second day, pressuring all G-10 currencies; the Japanese yen slumped for a fourth session to its weakest level since March before paring losses. The Bloomberg Dollar Spot Index rose about 0.6% in two days. USD/JPY strengthened 0.4% to 150.89. It reached its Tuesday session high of 151.03, a level last seen on March 28. Further gains in the pair would put the March high of 151.30 in sight. EUR/USD fell 0.4% to 1.167, falling for the fourth time in five days. GBP/USD fell 0.6% to 1.3407 after two days of gains. USD/CAD rose 0.1% to 1.3955. US...
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....