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 climbed again, hitting a six-week high on Monday, December 1, driven by a weakening US dollar and growing investor appetite for safe-haven assets. Spot gold hit $4,240 per ounce, while December gold futures reached $4,276. Silver was even more striking, breaking an all-time high of $57.86 before stabilizing at $57.48 per ounce. A sell-off in US stock futures and falling crypto prices have made precious metals increasingly a risk-off destination. This rise was also fueled by strong expectations that the Fed will cut interest rates in December, following a series of dovish...
Fundamentally, Brent crude oil is trending higher today, hovering around USD 63 per barrel, continuing its rebound from its lows in recent weeks. The main catalyst was the OPEC+ meeting, which decided to maintain current production levels until at least the first quarter of 2026, rather than increasing supply to the market. This "hold-on" stance was interpreted by the market as an effort to prevent oversupply amid already high global inventories and a slowing demand outlook, thus supporting prices after previous pressure. However, looking at the bigger picture, Brent's trend throughout this...
Gold (XAU/USD) maintained its intraday gains near a two-week high heading into Friday's European session, with investors awaiting a sustained move. The increasing likelihood of a US Federal Reserve (Fed) interest rate cut in December proved to be a key factor continuing to benefit the non-yielding yellow metal. Source: Newsmaker.id
World oil prices are approaching their longest monthly decline since 2023. Brent is stable above $63 per barrel and WTI is around $59, with both expected to post a fourth consecutive month of declines in November. Pressure stems from expectations of a global oversupply after OPEC+ reopened production capacity, coupled with increased production from countries outside the alliance. JPMorgan estimates the market could experience a surplus of around 2.8 million barrels per day next year. Market focus is now on Sunday's OPEC+ meeting, which is likely to maintain its plan to temporarily halt...
Silver prices are currently trending in the gold direction, supported by expectations that the Federal Reserve will cut interest rates in the coming months. The prospect of lower interest rates typically benefits precious metals by suppressing bond yields and making non-interest-bearing assets like silver relatively more attractive. Furthermore, the recent weakening of the US dollar has also helped silver prices remain at relatively high levels, as the metal is traded in dollar denominations. From a fundamental perspective, silver has two main drivers: as a precious metal (a safe haven, an...