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 prices hovered around $3,980/oz on Friday, heading for an eighth consecutive weekly gain after hitting a record earlier in the week. The main driving force came from economic uncertainty and expectations that the Fed would cut interest rates again. New York Fed President John Williams said he was open to further cuts, although rising inflation could complicate the decision—in line with the FOMC minutes, which saw increasing risks to the labor market but remained wary of stubborn inflation. Meanwhile, the US government shutdown, which entered its second week, delayed the...
Silver prices continue to strengthen, driven by a strong combination of rising industrial demand and a weakening US dollar. This increase is also in line with optimism about the global green energy transition, which is increasing silver consumption in the solar panel, electric vehicle, and semiconductor sectors. Furthermore, the Fed's dovish stance, which hinted at potential interest rate cuts, has weakened dollar yields, making precious metals like silver and gold more attractive to investors. Fund flows into silver-based ETFs have also increased significantly, reinforcing signals that the...
Gold fell slightly at the start of the Asian session, catching its breath after breaking a new record high above a key psychological level. Several technical indicators pointed to overbought conditions after consecutive rallies, prompting profit-taking and pushing prices back toward their highs. Its safe-haven appeal eased slightly after signs of progress toward a peace agreement in the Middle East, although global concerns remain significant. Throughout the year, gold's trend remained supported by central bank buying and concerns about US monetary and fiscal policy. The US dollar remained...
December Brent rose 0.8% to $65.96, and November WTI rose 0.9% to $62.27. The API reported a -1.8 million barrel drop in product inventories at Cushing, while national crude inventories are expected to rise but remain near seasonal lows—enough to provide a price floor.In terms of global supply, OPEC+ continues to increase production, and US production is reaching a record; Ukrainian drone attacks on Russian infrastructure are boosting crude oil exports. The risk of oversupply remains, but the market is awaiting evidence of increasing inventories; as long as stocks are limited, the price bias...
Silver broke through $48/oz and approached a 14-year peak as investors sought safe havens amid the US government shutdown, which has entered its second week, delaying data releases and clouding the economic outlook. The market also believes the Fed is likely to cut interest rates by 25 bps this month, with a further cut likely in December—a combination that typically supports precious metals—despite occasional USD strengthening. Fundamentally, physical demand from solar and electronics remains strong, while the global supply deficit is expected to persist into 2025, supporting prices....