World oil prices moved slightly higher in today's trading, with Brent rising slightly to around US$62.3 per barrel and WTI around US$58.4 per barrel, as the market weighed geopolitical tensions in Venezuela and Nigeria, plus the risk of supply disruptions that have boosted demand for oil safety. Sentiment remains cautious due to low trading volumes amid the year-end holidays, so price movements are likely to be limited and sensitive to global news. What This Means for the Market: Despite a small surge in geopolitical momentum, overall oil fundamentals still point to downward pressure due to...
Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has increased the demand for non-yielding assets like gold and silver. Additional support comes from industrial demand, particularly in China's renewable energy and solar panels, which continues to maintain high demand for silver. Furthermore, geopolitical tensions between Russia and NATO have strengthened investor interest in safe-haven assets. Fund flows into precious metal-based ETFs have also...
Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek gold as a safe haven amid economic uncertainty. The gold price at the time of this analysis was released was at $3,378 Source: Newsmaker.id
Silver prices continue to demonstrate resilience, holding near 14-year highs. This precious metal is supported by a combination of fundamental factors, ranging from expectations of a US interest rate cut by the Federal Reserve to increasing industrial demand.The price of silver at the time of this analysis was released was at $44,043. Source: Newsmaker.id
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth quarter through 2026. Brent is now approaching $66 per barrel, while WTI is hovering around $62. One factor weighing on prices comes from Iraq, which is expected to soon resume oil exports through Kurdistan after a two-year delay due to a payment dispute. This move could add around 230,000 barrels per day to the international market, reinforcing bearish sentiment amid rising global...
Gold rose on market expectations that the Fed would cut interest rates again after weak US economic data and core inflation remained above target. This condition pressured the dollar and prompted investors to seek safe assets like gold. Furthermore, demand from central banks and institutional investors remained strong, while geopolitical uncertainty maintained buying interest. Technically, gold's bullish momentum remains intact despite a slight correction.At the time of writing, the gold price was at $3,753.Disclaimer:This article is analytical in nature and is not a definitive reference....