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...
Silver prices were stable during the Asian session, pressured by a strengthening US dollar and global market restrictions. Silver was trading around $47.15 per ounce, with many investors choosing to wait for further economic data before making major decisions. Despite demand from the industrial sector, concerns about a further global market downturn and a strengthening dollar have made it difficult for silver to strengthen.However, silver remains attractive to some investors seeking a safe haven amid geopolitical tensions and economic shutdowns. Some analysts see potential for a rebound in...
Oil prices fell on Tuesday, with Brent crude falling 0.2% to $64.74 per barrel and West Texas Intermediate (WTI) down 0.2% to $60.91 per barrel. This decline followed the OPEC+ decision to temporarily halt production increases in the first quarter of next year, which some investors viewed as a sign of potential oversupply in the market. Although OPEC+ had previously raised its production target by 2.9 million barrels per day since April, they began slowing production increases in October, responding to predictions of a growing oversupply. However, several European energy leaders and U.S....
Silver prices edged higher today after previously surging to their highest level in over a decade, driven by two main factors: strong industrial demand (particularly from the solar and electronics sectors) and a multi-year supply deficit. Meanwhile, while real interest rates and a strong US dollar are putting pressure on precious metals, as they don't yield interest, silver remains supported by its position as a strategic industrial metal—not just a safe haven asset. The price of silver at the time of this analysis was $47,629. Disclaimer:This article is analytical in nature and is not a...
Gold prices are currently holding at $3,998, with investors awaiting further signals from the Federal Reserve regarding monetary policy. The upcoming interest rate decision will be a key determinant of gold's direction in the near term. If the Fed decides to maintain or lower interest rates, gold has the potential to continue strengthening. However, if interest rates remain high, gold prices may face downward pressure.At the time of this analysis, gold prices were at $3,998. Disclaimer:This article is analytical in nature and is not a definitive reference. Please consider fundamental and...
Brent oil prices experienced a slight correction on Monday (November 3rd), compared to the previous week. This decline reflects growing concerns about slowing global demand and relatively stable supply—two factors that have combined to exert upward pressure on oil prices. Source: Newsmaker.id