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...
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...
Gold prices held around $3,940 per ounce on Wednesday, holding some of the previous session's decline and nearing their lowest level since early October. Expectations of a US interest rate cut faded after several Fed officials adopted a cautious stance, in line with Powell's hawkish tone last week, who suggested the latest cut could be the last this year. The probability of a December cut is now around 69%, down from 90% before the FOMC decision. Market focus shifts to the ADP private employment report as the official data release is delayed due to the federal government shutdown....