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...
Gold prices weakened on Thursday (September 11th) after hitting a new record earlier this week. Selling pressure emerged as the US dollar strengthened and bond yields rose, reducing the precious metal's appeal as a hedge. Investors tended to take profits ahead of the release of US consumer inflation data, which could determine the direction of the Fed's interest rate policy. Despite the correction, the medium-term outlook for gold remains relatively positive, especially if the US central bank signals a more aggressive interest rate cut at its upcoming meeting. Global geopolitical...
Brent oil prices weakened on Thursday (September 11th), falling towards the $66 per barrel range after a three-day rally ended. Selling pressure emerged as investors weighed the outlook for global energy demand amid economic uncertainty, including the upcoming release of US inflation data and the European Central Bank's monetary policy. Concerns about slowing consumption from China, one of the largest importers, also added to negative market sentiment. In addition to demand factors, the market is also closely monitoring geopolitical developments and OPEC+ production policies. Although...
Gold consolidated near a record, falling slightly to the $3.62k–$3.64k/oz range after an earlier surge triggered by weaker-than-expected US PPI. The market now awaits the US CPI (tonight WIB) to determine the size of the Fed's interest rate cut next week—a 25 bps baseline is considered most likely. Lower interest rates typically support gold because they lower the opportunity cost of holding non-yielding assets. Fundamentally, the bullish narrative remains supported by central bank buying, geopolitical uncertainty, and ETF inflows. However, signs of overbought are emerging, so a "hotter"...
World oil prices recorded a slight decline in trading on Wednesday (September 10th) despite escalating geopolitical tensions in the Middle East. Prices briefly surged nearly 2% following Israel's attack on Qatar, but the gains were short-lived. Geopolitical factors again contributed to oil price movements, particularly following news of the attack on Qatari territory. However, the market believes the impact of the conflict is still limited and therefore not strong enough to drive a larger rally. Instead, market participants are now more focused on fundamental conditions that tend to depress...
Prices are hovering around 41,165, supported by expectations of a Fed rate cut, which is pressuring USD/yield, a positive correlation with gold, and solid industrial demand (solar power and electronics).Key catalysts: US CPI release tonight WIB. A lower result tends to be bullish for silver, while a higher result risks depressing prices. Also monitor Chinese data, ETF flows, and supply from major producers (Mexico/Peru) as further determinants of the 41-day moving average.The silver price at the time of writing was $41,165/Toz. DISCLAIMERNote: This article is for analytical purposes...