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 is currently trading around $44 during the Asian session on Tuesday, supported by strong industrial demand from solar panels, electric vehicles, and electronics. Global supply remains limited, creating a deficit that keeps prices strong.From a macro perspective, expectations of a US interest rate cut have weakened the dollar and increased investor interest in safe-haven assets like silver. Global geopolitical and economic uncertainty has also added to the demand for this precious metal. (ads) Silver price at the time of writing is $44.000 Disclaimer:This article is analytical in...
Gold (XAU/USD) maintained strong intraday gains, comfortably above the $3,700 level, its record high, poised for further gains.At the time of writing, Gold was at $3,721. Source: Newsmaker.id
Silver prices surged to around $43.50 per day on Monday, reaching a 14-year high. This increase was driven by expectations that the US Federal Reserve would soon cut interest rates again.At the time of writing, silver prices were at $43,678. Source: Newsmaker.id
Crude oil prices rose on Monday, driven by geopolitical tensions in Europe and the Middle East, although market concerns remained over potential additional supply and the impact of trade tariffs on global demand. Brent crude rose 0.67% to $67.13 per barrel, while the October WTI contract rose 0.75% to $63.15 before expiry today. The more active November WTI contract also rose 0.69% to $62.83. The price surge was triggered by reports that Russia had increased military activity near the Polish border, including a violation of NATO airspace in Estonia and military aircraft activity over the...
Gold prices edged up to around $3,690 per ounce on Monday (September 22), nearing a record high, as investors awaited US inflation data and Federal Reserve officials' speeches for further policy guidance. After the Fed announced its first interest rate cut this year, the market expected two more cuts in October and December, as the labor market weakened. Continued monetary policy easing has driven a 40% surge in gold bullion prices so far this year. The gold price at the time of writing is $3,691/Toz. DISCLAIMER Note: This article is for analytical purposes only and is not a definitive...