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 surged to an all-time high today before stabilizing around $50.10 per ounce. This sharp surge was triggered by minor pressure in the London market due to dwindling physical supplies, while demand remains high from investors and industry. Positive sentiment also came from rising gold prices and concerns about US-China trade tensions, which prompted market participants to seek safe assets. Although silver's rally remains strong, analysts warn of the potential for a short-term correction after the rapid rise in recent days. As long as prices can hold above the psychological level...
Gold strengthened during the European session on Friday (October 10th) as safe-haven sentiment remained strong and expectations of a Fed interest rate cut pushed down real yields. A stable, weakening US dollar provided room for price increases, while central bank buying and hedging interest maintained a floor for demand. This increase was also supported by a technical recovery after the previous correction, with buyers reactivating at key support areas. Looking ahead, the market is focusing on comments from Fed officials and the release of inflation/employment data (depending on the impact...
Brent's price pressure at US$64/barrel is driven by two main factors: the Middle East risk premium has shrunk following progress in the Gaza ceasefire (the market is pricing in a reduced risk of supply disruptions), and US stockpiles have risen more than expected, signaling relatively loose supply. On the policy front, OPEC+ has only increased production marginally, not enough to offset concerns about a global surplus—thus, prices remain fragile at low levels. Furthermore, the overall picture remains somewhat bearish: the EIA projects an increase in global inventories and an average Brent...
Brent prices fell again on Friday (October 10th) as the Middle East risk premium faded after Israel and Hamas agreed to the initial phase of a ceasefire plan, dampening the geopolitical pressures that had previously boosted prices. Peace sentiment prompted market participants to reassess the supply disruption scenario from the region. Additional pressure came from US fundamentals: crude inventories rose by 3.7 million barrels last week, indicating tighter supply, although stocks remained slightly below the five-year average. The consecutive inventory increases, combined with the fading risk...
Silver recently hit US$50/oz—even briefly touching the US$51 range—driven by precious metals euphoria after gold broke through US$4,000 and expectations of a Fed rate cut pushed down real/dollar yields. Momentum from "following the gold rally," short covering, and speculative pressure at the psychological US$50 level contributed to the intraday rally. Behind this rapid surge, silver's fundamentals are indeed tight: the market is projected to be in deficit again in 2025, while industrial demand (especially solar panels/electronics) continues to rise; the Indian festival season is also...