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 in the Asian session on Friday (October 24th) tended to be flat around $4,130/oz after a sharp correction yesterday (spot prices briefly fell to near $4,090 before stabilizing again). Volatility remains high, so the market is focused on that intraday range. Key fundamentals: the market is awaiting the FOMC meeting on October 28-29th (many anticipate an interest rate cut) and the CPI inflation release on October 24th, both of which could move the dollar/yield and the direction of gold. Supporting the larger trend, demand for gold from central banks remains strong this year. The gold...
Gold prices fell to around $4,080 per ounce on Thursday (October 23rd), marking a third consecutive day of decline after hitting a record high in recent weeks. This decline was triggered by market optimism about a possible trade deal between the US and China, as well as President Trump's conciliatory statements toward China, which prompted investors to shift away from gold as a safe-haven asset. Despite the decline, gold prices are still up around 55% year-to-date, supported by hopes that the Federal Reserve will cut interest rates two more times before the end of the year. On the other...
Silver prices fell sharply after plummeting more than 7% in the last two sessions, following the decline in gold prices. Currently, silver is weakening amid market concerns that the precious metal's rally has accelerated too quickly. Investors are also beginning to weigh the impact of US-China trade tensions and new sanctions against Russia, which have shaken global commodity markets.However, some analysts believe this pressure could be temporary. Industrial demand for silver—particularly for solar panels and electronic devices—remains high and has the potential to support prices in the...
The potential for a US-India deal that reduces Russian imports could shift India's demand to alternative grades (Middle East/US/Africa), thus increasing demand; reports of declining US crude stockpiles plus planned SPR replenishments are tightening the market; OPEC+ discipline is keeping supply tight; and the risk of supply disruptions (weather, geopolitics, logistics) is adding to the risk premium. Signs of a global surplus persist due to high non-OPEC production (US, Brazil, Guyana); the demand outlook is not yet solid in China/Europe (depending on PMIs and industry); fluctuating refinery...
Silver prices held below $49/oz after plunging about 7%-the deepest since 2011-and are now down approximately 10% from last week's record. The underlying cause is simple: massive profit-taking after a long year-long rally, so the rapid declines fueled each other. At the same time, risk appetite improved as US-China tensions eased somewhat and there was hope the US government shutdown would soon end. The market is also awaiting US inflation data on Friday for the final clue before the Fed's long-awaited interest rate cut next week. Looking ahead, silver's direction will be key to the US...