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...
Brent, around $69.04 in the European session, tended to hold gains due to signals of demand entering the off-season (post-peak travel season), while falling US stockpiles data remained a support underneath. On the supply side, the market weighed news that Kurdistan pipeline exports could resume, potentially increasing supply, along with OPEC+ output trending upward into Q4. This combination of factors made yesterday's rally feel more sentiment-driven than a strong fundamental shift. At the same time, geopolitical risks remain alive—Ukrainian attacks on Russian energy infrastructure and...
Gold fell to around $3,730/oz on Thursday (September 25th), continuing its correction from record highs as the market weighed the Fed's interest rate outlook. Jerome Powell struck a cautious tone amid stubborn inflation and a cooling labor market, while Fed officials were torn between two additional cuts this year, a more measured approach, or a more aggressive easing option. An unexpected surge in U.S. new home sales in August—the fastest since early 2022—contributed to the complicating expectations of further interest rate cuts. Despite the weakening, gold's appeal as a safe-haven asset...
Gold briefly weakened to around $3,750 per ounce on Wednesday, but remained near a new record as the market digested the Fed's comments. Jerome Powell struck a cautious tone—emphasizing the balance between stubborn inflation and a weakening labor market—while Michelle Bowman left open the possibility of faster easing if employment conditions continue to deteriorate. The next direction awaits the August PCE release and speeches by other Fed officials. Gold sentiment was also supported by geopolitical tensions after Russia's violation of Estonian airspace triggered a NATO response, as well as...
Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has increased the demand for non-yielding assets like gold and silver. Additional support comes from industrial demand, particularly in China's renewable energy and solar panels, which continues to maintain high demand for silver. Furthermore, geopolitical tensions between Russia and NATO have strengthened investor interest in safe-haven assets. Fund flows into precious metal-based ETFs have also...
Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek gold as a safe haven amid economic uncertainty. The gold price at the time of this analysis was released was at $3,378 Source: Newsmaker.id