Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek gold as a safe haven amid economic uncertainty. The gold price at the time of this analysis was released was at $3,378 Source: Newsmaker.id
Gold prices weakened on Monday, pressured by profit-taking and a stronger dollar, although the decline was limited as investors awaited the US Federal Reserve meeting, where an interest rate cut is expected following a series of weak labor market reports. Spot gold prices fell 0.2% to $3,633.86 per ounce, as of 01:52 GMT. Bullion prices rose about 1.6% last week, hitting a record high of $3,673.95 on Tuesday. US gold futures for December delivery fell 0.4% to $3,671.30. "Gold appears technically overbought, which is driving profit-taking at the start of the week. The dollar's resilience...
Global silver prices corrected in today's trading (September 15th) after recording significant gains in recent weeks. This weakening was primarily driven by a strengthening US dollar, rising bond yields, and more cautious investor sentiment regarding the prospect of a Federal Reserve interest rate cut. The US dollar index strengthened following the release of economic data showing resilient industrial activity and consumer spending. This strengthening currency makes dollar-priced silver more expensive for international buyers, thus suppressing demand. In addition, rising US government bond...
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...