Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Gold prices strengthened slightly on Tuesday (August 19), driven by a weaker dollar amid expectations of a US interest rate cut. Investors are now awaiting Fed Chairman Jerome Powell's remarks at the Jackson Hole symposium on August 21–23, which is expected to provide clarity on the direction of monetary policy. According to CME FedWatch, the market is pricing in an 83% chance of a 25 basis point rate cut at the Fed's September meeting. However, UBS analyst Giovanni Staunovo believes it is too early for the Fed to commit to its next move, given the number of data releases before the...
Silver prices are currently trading around $38,030 per ounce, relatively stable after experiencing selling pressure. Fundamentally, this precious metal remains supported by expectations of a Fed interest rate cut, which has boosted interest in non-yielding assets. However, market optimism regarding the possibility of a Russia-Ukraine peace deal is curbing demand for safe havens. Furthermore, the strengthening US dollar is a limiting factor for the silver price rally. Technically, silver is still moving in a consolidation phase after rejecting further gains. Nearest support is seen around...
Gold prices were little changed on Tuesday as investors awaited this week's Federal Reserve annual conference for clues on a possible interest rate cut and weighed Washington's efforts to end the war in Ukraine. Spot gold was steady at $3,331.49 per ounce at 02:01 GMT. US gold futures for December delivery fell 0.1% to $3,375.40. Fed Chairman Jerome Powell's remarks at the central bank's August 21-23 symposium in Wyoming could provide clarity on the economic outlook and expectations for policy easing. "Gold is still in a consolidation phase and really waiting for a new catalyst to break...
On the fundamental side, Brent oil prices fell slightly this morning to around $66.25 per barrel, fueled by optimism about the potential de-escalation of the Russia-Ukraine conflict through trilateral talks between Trump, Zelenskiy, and Putin. The possibility of a return to normal Russian supply has dampened market sentiment, while TD Securities analysts note that an escalation could push prices back to higher levels, depending on tariff policy—putting downward pressure on prices if tensions ease. Source : Newsmaker.id
Oil prices remained stable as market participants await the outcome of the Trump-Zelenskyy meeting, which could determine the direction of the Russia-Ukraine conflict. If a peace agreement is reached, a potential increase in supply could further depress oil prices. However, statements from the White House regarding India's imports of Russian oil have raised fresh concerns about global supply. The market remains cautious, with prices vulnerable to geopolitical developments and the direction of global energy policy. Oil prices at the time of writing were at $65.87/Toz. DISCLAIMER Note:...