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...
Silver prices rose above $38 an ounce on Monday (August 18), recovering some of last week's losses, as investors turned their attention to a crucial meeting in Washington between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy in an effort to reach a peace deal with Russia. Trump said he would press Zelenskiy to reach a settlement soon after his talks with Russian President Vladimir Putin on Friday. While there was no breakthrough on a ceasefire, Putin agreed that the U.S. and Europe should provide strong security guarantees to Ukraine as part of a potential deal to...
Gold prices edged up to $3,340 an ounce on Monday, but remained near a two-week low, as the prospect of easing geopolitical tensions diminished the precious metal's appeal as a safe-haven asset. Although a meeting between US President Donald Trump and Russian President Vladimir Putin on Friday failed to produce a breakthrough on a ceasefire, Putin agreed to allow the US and Europe to provide strong security guarantees to Ukraine as part of a final deal to end the war. Trump is scheduled to meet with Ukrainian President Volodymyr Zelensky and European leaders today to reach a swift peace...
Oil prices weakened following the Trump-Putin meeting in Alaska today. Brent fell 0.93% to $66.18/barrel at the time of writing.The market is weighing the possibility of a ceasefire in Ukraine, which could lead to the easing of Russian oil sanctions, versus a stalemate that risks triggering secondary US sanctions.Sentiment is also underscored by weak Chinese data (falling factory output, slowing retail sales) and concerns about a supply surplus as OPEC+ production increases. The IEA assesses that the market is likely oversupplied, making prices easily bearish. Oil prices at the time of...
Silver prices held below $38 an ounce on Friday after falling more than 1% in the previous session, as hotter-than-expected US producer inflation dampened hopes for a significant Federal Reserve interest rate cut in September. Weekly jobless claims also came in at 224,000, below the 228,000 forecast, indicating some labor market resilience. The market still rates more than a 90% chance of a 25 basis point cut next month, but the chances of a larger 50 bps move have been erased. Source: Newsmaker.id
Gold prices held steady on Friday (August 15th), continuing the previous session's decline and on track for their worst week since late June. Sentiment was weighed down after a series of stronger-than-expected US data eroded hopes of a significant Fed interest rate cut, causing the dollar and US bond yields to strengthen and dampen interest in non-yielding assets like gold. Pressure intensified after the US PPI rose at its fastest pace in three years in July, well above consensus, indicating that companies were beginning to pass on tariff-induced import cost increases to final...