Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first time, while silver, platinum, and palladium also hit record highs. This increase was driven by surging demand for safe haven assets amid geopolitical and global trade risks, as well as expectations of further US interest rate cuts in 2026. Investors flocked to precious metals as a hedge.According to analysts, this trend is reinforced by the de-globalization narrative, where gold and precious...
Gold prices rose to $4,050 per ounce on Monday (November 10), driven by increased demand for safe-haven assets amid political uncertainty in the US. Investors are still awaiting a final agreement to end the government shutdown, which has lasted more than 40 days. The weakness of the US dollar and concerns about an economic slowdown have also added to gold's appeal as a hedge.Analysts believe that if a shutdown agreement is reached, gold prices could experience a short-term correction. However, the long-term outlook remains positive as global geopolitical tensions and expectations of low...
Silver prices rose on Friday (November 7th) due to a combination of two main factors: strong industrial demand, particularly from the technology and renewable energy sectors, and a worsening supply deficit, which has made the white metal increasingly scarce. Furthermore, expectations of monetary policy easing by the Federal Reserve and a weakening US dollar have also strengthened silver's appeal as an alternative asset, encouraging investors to invest in the white metal. (alg) Source: Newsmaker.id
Gold prices are currently rising due to increased demand as a hedge against geopolitical turmoil and uncertain monetary policy. For example, central bank gold purchases have grown significantly, and the risk of growing US government debt has also driven investors to gold. Source: Newsmaker.id
Brent prices surged again on Friday (November 7th), fueled by escalating geopolitical tensions in the Middle East, which have raised concerns about global supply disruptions. However, demand remains weak and global economic growth is slowing. (alg) Source: Newsmaker.id
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...