Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
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:...
Gold prices fell slightly to $3,334 per ounce on Monday (August 18th), nearing a two-week low, as prospects for easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset. The meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky on Monday, at 12:00 a.m. Western Indonesian Time, is expected to reach a swift peace agreement. Meanwhile, investors are awaiting the release of the minutes of the Federal Reserve's latest meeting on Friday at the Jackson Hole Symposium, which is expected to signal the future direction of US interest...
Silver prices (XAG/USD) strengthened slightly during the European trading session on Monday (August 18th). The white metal attracted some buying demand amid cautious market sentiment, as investors awaited the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr Zelenskiy at the White House later that day. Meanwhile, strong expectations that the Federal Reserve (Fed) will cut interest rates at its September meeting remain a supportive factor for silver prices. The prospect of lower interest rates is considered positive for non-yielding assets like...