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 moved cautiously at the start of the Asian session; spot gold was around $3,944,000/oz at the time of writing. Pressure stemmed from comments by Jerome Powell, who emphasized that a December interest rate cut was not a certainty, prompting market participants to reduce bets on further easing. This statement also boosted the dollar and Treasury yields, thus dampening interest in non-coupon gold.Meanwhile, the Fed's decision to cut interest rates by 25 bps and end its balance sheet contraction on December 1st continued to increase liquidity and lower short-term real interest...
Brent oil fell again on Wednesday (October 29th) as the market monitored that supply was still too much for demand. Investors began to doubt that new US and European sanctions on major Russian oil companies would actually cut supply, as Russia can usually still re-channel exports to other countries. At the same time, OPEC+ was discussing plans to increase production again after slowly opening the tap in recent months. So the market took a simple signal: supply could increase, the risk of supply disruptions might not be as severe as feared, and global demand hasn't yet exploded. As a result,...
Silver prices are still struggling to rise steadily due to the current risk-on global market sentiment. Hopes for a US-China trade deal have made investors more willing to invest in stocks and riskier assets, rather than seeking safe havens like gold and silver. Furthermore, the market is also awaiting the Fed's decision. If the Fed continues to sound cautious after cutting interest rates, bond yields could remain high, making silver less attractive in the short term. This situation makes silver vulnerable to declines if profit-taking occurs. However, from a fundamental perspective, silver...
Gold prices are currently hovering around $3.9K–$4K per ounce, well below the record high of over $4.3K per ounce reached last week. After three days of heavy selling, prices have stabilized but have not yet fully recovered, as many investors have already taken profits from the previous extreme rally. Gold is still up around 50% this year, supported by massive buying by central banks and currency concerns, but momentum has weakened again.Fundamentally, gold is being held back by two factors: first, the market is increasingly optimistic about a potential US–China trade deal, reducing the...
Brent oil continued to weaken on Tuesday (October 28th) due to two main pressures converging: global supply appears loose, while geopolitical risks have eased somewhat. On the supply side, market concerns remain about a large surplus due to high production from major producers and signals that OPEC+ is ready to ease output cuts, leading to concerns about stockpiles building up in the coming months. On the risk side, tensions in the Middle East have begun to ease following progress toward a ceasefire, diminishing the "fear premium" that typically keeps oil prices high. The combination of...