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 are currently rising on Wednesday (September 10th), driven by growing expectations that the Federal Reserve will cut interest rates at its meeting next week. Weaker-than-expected US economic data, including revised Nonfarm Payrolls and a weakening labor market, further strengthen the argument that the central bank needs to loosen policy to maintain growth. Declining US bond yields are also making gold increasingly attractive as a hedge. In addition to monetary factors, geopolitical tensions in the Middle East and increasing global uncertainty are also supporting the rise in...
Brent oil prices are currently rising on Wednesday (September 10th), in line with growing market optimism regarding global energy demand. Investors assess that the outlook for oil consumption remains solid despite signs of an economic slowdown in several major countries. Positive sentiment also comes from crude oil inventory reports showing a decline in stocks, signaling strong demand in the physical market. In addition, market attention is focused on OPEC+ policy, which is expected to maintain production stability amid geopolitical uncertainty. US economic data due this week, including...
Silver prices broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy likely added 911,000 fewer jobs in the 12 months to March, or about 76,000 fewer per month, confirming weaker labor market conditions than previously estimated. Combined with last week's weak August jobs report, this data reinforces expectations for a 25 basis point Fed rate cut next week, although some investors are speculating on a larger 50 basis...
World oil prices rose again in Asian trading on Wednesday (September 10th) after an Israeli attack on Hamas leaders in Doha, Qatar, sparked concerns about escalating tensions in the Middle East. This attack pushed oil prices up by 2% on Tuesday before correcting, but then stabilizing as the market assessed the potential for further conflict. Israel claimed to have targeted a Hamas team, but the group said the attempt failed despite five casualties. This situation adds uncertainty to peace talks, while the market worries that further military action could destabilize the region, which is...
Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was revised down significantly, to 911,000 jobs, further strengthening the case for an interest rate cut by the Federal Reserve. The market now awaits the release of US producer and consumer inflation data on Wednesday and Thursday, which are expected to determine the direction of the Fed's monetary policy at its meeting next week. In addition to economic...