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 US Dollar Index (DXY) trended sluggishly around 99.06 on Monday (January 19th), as liquidity thinned as US markets were closed for Martin Luther King Jr. Day. Despite limited movement, global sentiment remained "heavy" after US President Donald Trump threatened tariffs related to the Greenland dispute, sending market participants back into risk-off mode. Trump stated that he would impose 10% tariffs starting February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and the UK, and threatened to escalate to 25% on June 1 if no agreement is reached on...
Gold prices remained near all-time highs on Tuesday, hovering around $4,670 per ounce. Demand for safe haven assets remained strong as US-European trade tensions escalated, prompting investors to refrain from aggressively returning to riskier assets. The latest spotlight comes from Greenland. Reports suggest Denmark is increasing its military presence in the region, while US President Donald Trump has reportedly not ruled out the use of force to strengthen control over the island. This situation has added to market unease as geopolitical risks are increasingly unpredictable. On the trade...
The US dollar weakened at the start of the week after tensions between the United States and the European Union escalated over the Greenland issue. Markets assessed that the political conflict, which has escalated into tariffs, has the potential to disrupt transatlantic trade relations, increasing pressure on the dollar. The US Dollar Index (DXY) fell around 0.25% and moved between 99.10 and 99.15. This weakening occurred as investors began reducing exposure to dollar-based assets and shifting to currencies perceived as safer amid growing geopolitical uncertainty. The main trigger came...
The Australian dollar (AUD) held strong at the start of the week after strong Australian inflation data, while the US dollar weakened as market sentiment grew cautious due to the US-Greenland dispute. This combination kept the AUD/USD pair stable and prevented significant declines. Strengthening in Australia came from the TD-MI Inflation Gauge, which rose to 3.5% YoY in December, from 3.2% previously. On a monthly basis, inflation jumped 1.0% MoM reportedly the fastest pace since December 2023. This data led the market to believe that price pressures in Australia had not yet fully...
Gold and silver hit new records after US President Donald Trump threatened to impose tariffs on eight European countries that oppose his Greenland plan. This situation immediately pushed investors into safe havens, leading to a sharp increase in demand for precious metals. Trump said the initial 10% tariff would take effect on February 1, 2026, and then rise to 25% in June 2026. This threat sparked fears of retaliation from Europe, which could escalate into a full-blown trade war a situation such as this typically increases demand for gold and silver. European leaders are reportedly set to...
Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ticked lower, yet investors are still betting the Federal Reserve (Fed) to cut rates this year. At the time of writing, XAU/USD trades at $4,507, up 0.65%. Bullion rallies as weaker payrolls keep Fed cut bets aliveThe US economic data weighed on investors' expectations of lower interest rates in the short term. But for the whole year, traders seem confident that the Federal Reserve would lower...
Harga emas kembali menguat pada perdagangan terbaru setelah sempat tertekan, didorong oleh melemahnya dolar AS dan turunnya imbal hasil obligasi pemerintah AS. Investor kembali memburu emas sebagai aset lindung nilai di tengah ketidakpastian arah kebijakan moneter Federal Reserve serta sensitivitas pasar terhadap perkembangan geopolitik global. Kenaikan emas juga dipicu oleh aksi beli saat harga turun (buy on dip), menyusul reli kuat dalam beberapa pekan terakhir. Pelaku pasar kini menanti sinyal lanjutan dari data ekonomi AS dan pernyataan pejabat The Fed, yang akan menentukan apakah...
Gold prices fell on Thursday (January 8) as investors braced for futures selling related to the commodity index rebalance, with a stronger U.S. dollar adding to the pressure by making the metal more expensive for overseas buyers. Spot gold prices fell 0.6% to $4,427.48 per ounce, as of 0921 GMT. U.S. gold futures for February delivery fell 0.6% to $4,435.40. "Gold and silver remain under pressure as the annual commodity index rebalance gets underway. Over the next five days, COMEX futures could see selling in the range of $6 to $7 billion for each metal," said Ole Hansen, head of commodity...
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....