Gold prices held above $4,100/oz on Tuesday (November 11) during the Asian session. This was supported by increasing expectations of a Fed interest rate cut following a series of weak US economic data. On Monday, gold briefly touched a two-week high, while inflows into global gold ETFs in October increased again, providing a more solid basis for demand. The dollar also weakened on hopes of a resolution to the US government shutdown, while the US 10Y yield held near 4.12%, a tame level supporting gold. At the time of this analysis, gold prices were around $4,118. Disclaimer:This article is...
Oil prices rose slightly amid geopolitical tensions, particularly the Ukraine attack on Russian refineries that has strained supply, as well as low inventories in the US.However, the global demand outlook is weak due to the US trade war and the risk of an economic slowdown. The market is awaiting the OPEC+ decision later this week, which is expected to maintain stable supply.Oil prices at the time of writing were at $68.86DISCLAIMERNote: This article is analytical for analytical purposes only and is not a definitive reference. Consider fundamental and technical developments in trading before...
Gold prices (XAU/USD) strengthened on a combination of bets on a Fed rate cut this month and a weaker US dollar, which has depressed real yields and increased the appeal of zero-coupon assets. The dovish tone from Fed officials and the PCE data, which met expectations, kept the likelihood of a 25 bps cut high. On the sentiment side, concerns about the Fed's independence and uncertainty regarding US tariffs also fueled hedging demand. Inflows into gold-backed ETFs and continued central bank buying added to fundamental support. Source: Newsmaker.id
Silver is trading around $40.6 per ounce, near its highest level since 2011. Positive sentiment stems from expectations of a Fed interest rate cut this month and growing safe-haven demand amid uncertainty over US tariff policy. On the industrial front, silver's prospects are also supported by surging demand for the green energy sector. China's solar cell exports surged more than 70% in the first half of this year, particularly to India, strengthening the outlook for global silver consumption.Silver prices at the time of writing were up 2.21% at $40.653/Toz.DISCLAIMER Note: This article is...
Gold prices rose to their highest level in more than four months as many investors sought a safe haven amid uncertainty over US President Donald Trump's trade tariffs. This rise was also supported by speculation that the Federal Reserve (The Fed) would cut interest rates in September. Furthermore, the US dollar weakened, making gold a more attractive investment option. Spot gold prices are currently near the record high reached in late April. Uncertainty intensified after a court declared the trade tariffs illegal, although they remain in effect until October while Trump plans to appeal....
World oil prices rose on Tuesday (September 2nd), triggered by the escalation of the Russia-Ukraine conflict. Brent and WTI surged after a Ukrainian drone attack crippled Russian oil processing facilities, which account for a significant portion of supply capacity. This situation sparked concerns about global supply disruptions and prompted investors to return to the energy market. Although geopolitical sentiment lifted prices, the medium-term outlook remains clouded by a production surplus. Surging output from the United States and other producers is expected to create a supply glut of up...