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
Silver prices continue to demonstrate resilience, holding near 14-year highs. This precious metal is supported by a combination of fundamental factors, ranging from expectations of a US interest rate cut by the Federal Reserve to increasing industrial demand.The price of silver at the time of this analysis was released was at $44,043. Source: Newsmaker.id
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth quarter through 2026. Brent is now approaching $66 per barrel, while WTI is hovering around $62. One factor weighing on prices comes from Iraq, which is expected to soon resume oil exports through Kurdistan after a two-year delay due to a payment dispute. This move could add around 230,000 barrels per day to the international market, reinforcing bearish sentiment amid rising global...
Gold rose on market expectations that the Fed would cut interest rates again after weak US economic data and core inflation remained above target. This condition pressured the dollar and prompted investors to seek safe assets like gold. Furthermore, demand from central banks and institutional investors remained strong, while geopolitical uncertainty maintained buying interest. Technically, gold's bullish momentum remains intact despite a slight correction.At the time of writing, the gold price was at $3,753.Disclaimer:This article is analytical in nature and is not a definitive reference....
Silver is currently trading around $44 during the Asian session on Tuesday, supported by strong industrial demand from solar panels, electric vehicles, and electronics. Global supply remains limited, creating a deficit that keeps prices strong.From a macro perspective, expectations of a US interest rate cut have weakened the dollar and increased investor interest in safe-haven assets like silver. Global geopolitical and economic uncertainty has also added to the demand for this precious metal. (ads) Silver price at the time of writing is $44.000 Disclaimer:This article is analytical in...