Gold reached an all-time high, continuing its extraordinary rally fueled by geopolitical tensions and a weakening US dollar. Spot gold prices rose 1.2% to above $4,530 per ounce, influenced by tensions in Venezuela and the US offensive against ISIS in Nigeria.The weakening US dollar also supported the surge in this precious metal. The Bloomberg Spot Dollar Index fell 0.7% this week, giving gold and silver room to continue strengthening. Massive buying by central banks and ETFs also contributed to the price increase. Furthermore, platinum also recorded a significant surge, rising 40% this...
Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data showed weakening and slowing producer inflation. This condition strengthens gold's appeal as a hedge against global monetary policy uncertainty. In addition to the Fed, geopolitical tensions in the Middle East and Europe have also increased demand for gold as a safe haven. Investors also view the still-high global risks, from the Israel-Qatar...
Brent oil prices strengthened on Friday (September 12th), with the last price recorded at $66.54 per barrel. This increase reflects positive sentiment in the energy market amid expectations of an interest rate cut by the Federal Reserve, which could boost global demand growth. Furthermore, market participants are also monitoring geopolitical developments in the Middle East and Europe, which are adding to concerns about potential supply disruptions. Although bullish sentiment dominates, investors remain cautious about the prospect of oversupply after OPEC+ announced plans to gradually...
Oil prices weakened again in Asian trading despite initial support from geopolitical issues. Brent fell to $65 per barrel and WTI to $61, pressured by the IEA's projection that global production will surge to 2.7 million barrels per day in 2025. Concerns about sluggish demand in the US also reinforced signals that the market could face a supply glut in the near future. Although expectations of a Fed interest rate cut weakened the dollar and gave oil prices some room to recover, pressure remains dominant. The US push for the G7 to impose higher tariffs on buyers of Russian oil, particularly...
Gold prices continue to approach $3,650 per ounce and are poised for a fourth weekly gain. This was fueled by expectations that the Federal Reserve will cut US interest rates, as inflows into gold-backed ETFs increased. Silver also rallied, reaching $42 per ounce—its highest level since 2011. Market sentiment was supported by US consumer inflation data for August that met expectations, giving the Fed room to lower borrowing costs after previous labor market data showed weakness. Market participants now expect at least one 25 basis point interest rate cut at next week's Fed meeting, with the...
Silver remains high at $41/oz after US data (benign CPI, rising jobless claims) strengthened the case for a 25 bps Fed rate cut next week—weakening the dollar and supporting the precious metal. The industrial demand environment (particularly PV/electrification) maintains a positive bias.Technically, the $41 area provides initial support; a break above $42 opens the door to $42.50. Failure to hold could lead to a correction to $40.50–$40.00 before buying interest resurfaces. (ads)The silver price at the time of writing was $41,431/Toz.DISCLAIMERNote: This article is for analytical purposes...