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 remains stable at around $4,320/oz this morning (18/25) as the market awaits today's release of US inflation (CPI). This CPI data is crucial for gauging whether the Fed will continue to ease policy or hold off. After three consecutive cuts last week, the market still rates the chance of a January cut at around 25%. Waller also signaled a pro-cut but relaxed stance: interest rates could fall again, but "there's no need to rush" because inflation is still not completely safe.Sentiment-wise, gold remains strong due to two main drivers: central bank demand and ETF fund flows (which have...
Brent oil prices, currently hovering around US$59.80 per barrel, were boosted after US President Donald Trump ordered a total blockade of sanctioned Venezuelan oil tankers. This policy has heightened geopolitical tensions and resurfaced the risk of supply disruptions, despite Venezuela's relatively small global export contribution. The market believes a potential disruption of around 0.4–0.5 million barrels per day is sufficient to trigger a short-term rally, especially since prices previously fell to a five-year low.However, from a broader fundamental perspective, this price increase...
Silver prices posted strong gains on Wednesday (December 17th). This surge was driven by rising industrial demand, particularly in the solar energy, electric vehicle, and data center sectors, as well as strong investment demand amid expectations of a Fed rate cut and a weakening US dollar. Supply tensions also reinforced the bullish trend, as tighter physical inventories and a long-term supply deficit contributed to the price of this white metal. (alg) Source: Newsmaker.id
Brent oil prices stabilized below US$59 per barrel after several days of sharp declines. Market concerns about a global supply glut, driven by the return of production from OPEC+ and other producers, prevented prices from recovering despite geopolitical concerns from Venezuela. Investors are also monitoring global political and economic risks, including a potential peace deal in Ukraine that could ease Russian oil exports. These conditions have kept Brent on track for an annual decline, with market participants holding back while awaiting clearer supply and demand trends. (az)The oil price...
Silver prices moved within a limited range as investors weighed weak US employment data, which was not enough to fuel expectations of an imminent interest rate cut. The Federal Reserve's cautious stance has kept buying interest in silver from strengthening, although the precious metal remains supported by global economic uncertainty. On the other hand, the relatively stable US dollar and the lack of significant decline in bond yields have restrained silver's movement. The market is now awaiting the release of inflation data and statements from Fed officials to determine whether silver will...