Gold prices have strengthened again amid growing expectations of a US interest rate cut. Recent economic data showing slowing activity and controlled inflation has further strengthened market speculation that the Fed will ease monetary policy in the near future. This has prompted investors to turn to safe-haven assets like gold, whose value tends to stabilize when interest rates fall.
In addition to monetary policy factors, political uncertainty resulting from the US government shutdown has also been an additional catalyst for gold's rally. Concerns over fiscal direction, inflation risks, and a weakening labor market have increased demand for the precious metal as a hedge. With this combination of macroeconomic factors and political turmoil, gold has managed to maintain its upward momentum and continue to attract global investors.
Source: Newsmaker.id
Silver briefly slipped below $47 per ounce on Friday (October 3rd), but still has the potential to post a seventh consecutive weekly gain. The main driving force comes from expectations of further Fed...
Gold approaches $3,860/oz, poised for its seventh weekly gain. The US shutdown has caused a data blackout, with the market and the Fed focusing on private sector releases, with weak recruitment and fe...
Goldman Sachs remains very optimistic about gold. Recent inflows into gold-backed ETFs and retail investor interest have far exceeded their expectations, creating an "upside opportunity" to exceed the...
This morning, during the Asian session, silver traded around $47/oz, remaining near a 14-year peak after breaking through $47 earlier in the week. The primary driver came from safe-haven demand follow...
Brent crude oil prices rose to around $66.43 per barrel in Wednesday afternoon trading during the European session (October 1). This increase occurred after two consecutive days of declines, as market...
Gold prices held steady on Friday (October 3), poised for a seventh consecutive weekly gain, driven by expectations of further US interest rate cuts and concerns over the economic impact of a prolonged government shutdown. Spot gold rose 0.03% to...
Oil prices edged higher on Friday but remained on course for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures gained 43 cents, or 0.67%, to $64.54 a barrel by 0826 GMT. U.S. West Texas Intermediate...
The Hang Seng Index weakened 146 points, or 0.5%, to close at 27,141 on Friday (October 3), retreating from a four-year high after three sessions of gains, as traders took profits following five consecutive months of gains since May. Sentiment was...
The Institute for Supply Management's (ISM) data showed the Manufacturing PMI edging higher to 49.1 in September, up from 48.7 in August and...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors...
Asian markets opened higher, following a global rally that pushed world indexes to new records, despite the US entering its first government...