Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first time, while silver, platinum, and palladium also hit record highs. This increase was driven by surging demand for safe haven assets amid geopolitical and global trade risks, as well as expectations of further US interest rate cuts in 2026. Investors flocked to precious metals as a hedge.According to analysts, this trend is reinforced by the de-globalization narrative, where gold and precious...
Oil prices rose slightly on Monday, recovering slightly from a decline of around 4% last week. Brent traded around $61.22 per barrel and WTI at $57.67, boosted by concerns about supply disruptions due to escalating US-Venezuela tensions and Ukraine's attack on Russian oil refineries, although the market remains gripped by concerns about oversupply.Venezuelan oil exports reportedly plummeted following the seizure of a tanker and new US sanctions, while Baker Hughes data showed the number of oil and gas rigs in the US has fallen again. At the same time, Russia-Ukraine peace talks have the...
Silver rose and remained near its record high on Friday (December 12). This increase was supported by a combination of a weakening US dollar and market expectations that US interest rates could still fall further, coupled with growing industrial demand (especially in the technology/energy sectors) and tighter inventories—especially after silver was added to the US critical minerals list, which further strengthened the "tight supply" narrative. Going forward, silver's movement is typically sensitive to the USD and yields. If the dollar suddenly rebounds sharply, silver could resist (or lead...
Gold rose and held near its latest high on Friday (December 12th). The main driving force came from market expectations that the Fed could continue to cut interest rates next year (despite its more cautious projections), coupled with a weakening US dollar—a combination that typically makes gold more attractive as real yields tend to fall. Looking ahead, market attention is on the direction of the USD and US Treasury yields, the upcoming employment/inflation data, and geopolitical risk-off factors—if the USD rebounds sharply, gold could be temporarily held back. However, if the market...
Silver prices (XAG/USD) continued to strengthen and approached the $63.75 area during the Asian session on Friday (December 12), with the potential to retest their all-time high. This increase was supported by a weakening US dollar, positive sentiment in the commodity market, and silver's new status as a US essential mineral, attracting additional buying interest from market participants. Fundamentally, silver's prospects are supported by continued rising industrial demand, particularly from solar energy (PV), electric vehicles (EVs), supporting infrastructure, data centers, and artificial...
Gold prices remained around $4,270 per ounce on Friday, near a seven-week high and potentially posting another weekly gain. This positive sentiment stems from expectations that the Fed will continue to loosen monetary policy. The US labor market is starting to show signs of weakening, as evidenced by higher-than-expected jobless claims for the week of December 6, which reached their highest level in more than two months. This has made market participants increasingly confident that the Fed could cut interest rates twice in 2026, although official projections only suggest one. At the same...