Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Gold prices approached $4,000/oz on Friday (November 7th) after weak US jobs data reinforced expectations of an imminent Fed rate cut. Challenger job cuts nearly tripled in October—the largest increase in more than two decades—dampening optimism from the ADP payroll rebound. With official data limited due to the government shutdown, the market is placing greater weight on the private release and now rates the chance of a December cut at around 69%, up from 60% the day before. A weaker US dollar also provided a boost by making gold cheaper for foreign buyers, while economic uncertainty...
Brent Crude Oil prices rose on Thursday (November 6th) due to growing concerns about global supply, including potential disruptions to oil flows from the Middle East, while market sentiment grew more optimistic about economic recovery, which could boost energy demand. (alg) Source: Newsmaker.id
Gold prices rose again on Thursday (November 6th), driven by increased demand as a safe-haven asset amid geopolitical and economic uncertainty, a wave of central bank buying strengthening structural support, and expectations of an interest rate cut by the Federal Reserve, which lowered real yields, making the precious metal more attractive. (alg) Source: Newsmaker.id
Silver prices rose on Thursday (November 6th) as industrial demand from the technology and renewable energy sectors surged, mining supply failed to keep pace, and expectations of a Federal Reserve interest rate cut made non-yielding assets like silver more attractive. (alg) Source: Newsmaker.id
Gold is trading sideways around $3,980/oz, near a four-week low. The ADP data, which added 42,000 jobs, and the ISM Services PMI, which hit an eight-month high, have led the market to lower bets on a Fed rate cut, in line with Powell's hawkish tone and inflation remaining above target. At the same time, global risk appetite has improved, reducing interest in gold as a safe haven. In the short term, prices are likely to remain consolidative while awaiting new signals from Fed officials' comments and subsequent data releases. At the time of this analysis, the gold price was around...