Silver prices rose as risk sentiment improved in the market after signs emerged that the US government shutdown was nearing an end. These hopes pushed the US dollar slightly lower and increased interest in precious metals, including silver, which often benefit when political uncertainty eases. However, silver's gains were restrained by the prospect of the Fed's interest rates remaining high in the near term. Investors are now awaiting clarity on the direction of US monetary policy after economic data was delayed due to the shutdown. If the dollar strengthens again or bond yields rise,...
Silver remains high at $41/oz after US data (benign CPI, rising jobless claims) strengthened the case for a 25 bps Fed rate cut next week—weakening the dollar and supporting the precious metal. The industrial demand environment (particularly PV/electrification) maintains a positive bias.Technically, the $41 area provides initial support; a break above $42 opens the door to $42.50. Failure to hold could lead to a correction to $40.50–$40.00 before buying interest resurfaces. (ads)The silver price at the time of writing was $41,431/Toz.DISCLAIMERNote: This article is for analytical purposes...
Gold prices weakened on Thursday (September 11th) after hitting a new record earlier this week. Selling pressure emerged as the US dollar strengthened and bond yields rose, reducing the precious metal's appeal as a hedge. Investors tended to take profits ahead of the release of US consumer inflation data, which could determine the direction of the Fed's interest rate policy. Despite the correction, the medium-term outlook for gold remains relatively positive, especially if the US central bank signals a more aggressive interest rate cut at its upcoming meeting. Global geopolitical...
Brent oil prices weakened on Thursday (September 11th), falling towards the $66 per barrel range after a three-day rally ended. Selling pressure emerged as investors weighed the outlook for global energy demand amid economic uncertainty, including the upcoming release of US inflation data and the European Central Bank's monetary policy. Concerns about slowing consumption from China, one of the largest importers, also added to negative market sentiment. In addition to demand factors, the market is also closely monitoring geopolitical developments and OPEC+ production policies. Although...
Gold consolidated near a record, falling slightly to the $3.62k–$3.64k/oz range after an earlier surge triggered by weaker-than-expected US PPI. The market now awaits the US CPI (tonight WIB) to determine the size of the Fed's interest rate cut next week—a 25 bps baseline is considered most likely. Lower interest rates typically support gold because they lower the opportunity cost of holding non-yielding assets. Fundamentally, the bullish narrative remains supported by central bank buying, geopolitical uncertainty, and ETF inflows. However, signs of overbought are emerging, so a "hotter"...
World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were short-lived. Geopolitical factors again contributed to oil price movements, particularly following news of the attack on Qatari territory. However, the market believes the impact of the conflict is still limited and therefore not strong enough to drive a larger rally. Instead, market participants are now more focused on fundamental conditions that tend to depress...