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 continue to approach $3,650 per ounce and are poised for a fourth weekly gain. This was fueled by expectations that the Federal Reserve will cut US interest rates, as inflows into gold-backed ETFs increased. Silver also rallied, reaching $42 per ounce—its highest level since 2011. Market sentiment was supported by US consumer inflation data for August that met expectations, giving the Fed room to lower borrowing costs after previous labor market data showed weakness. Market participants now expect at least one 25 basis point interest rate cut at next week's Fed meeting, with the...
Silver remains high at $41/oz after US data (benign CPI, rising jobless claims) strengthened the case for a 25 bps Fed rate cut next week—weakening the dollar and supporting the precious metal. The industrial demand environment (particularly PV/electrification) maintains a positive bias.Technically, the $41 area provides initial support; a break above $42 opens the door to $42.50. Failure to hold could lead to a correction to $40.50–$40.00 before buying interest resurfaces. (ads)The silver price at the time of writing was $41,431/Toz.DISCLAIMERNote: This article is for analytical purposes...
Gold prices weakened on Thursday (September 11th) after hitting a new record earlier this week. Selling pressure emerged as the US dollar strengthened and bond yields rose, reducing the precious metal's appeal as a hedge. Investors tended to take profits ahead of the release of US consumer inflation data, which could determine the direction of the Fed's interest rate policy. Despite the correction, the medium-term outlook for gold remains relatively positive, especially if the US central bank signals a more aggressive interest rate cut at its upcoming meeting. Global geopolitical...
Brent oil prices weakened on Thursday (September 11th), falling towards the $66 per barrel range after a three-day rally ended. Selling pressure emerged as investors weighed the outlook for global energy demand amid economic uncertainty, including the upcoming release of US inflation data and the European Central Bank's monetary policy. Concerns about slowing consumption from China, one of the largest importers, also added to negative market sentiment. In addition to demand factors, the market is also closely monitoring geopolitical developments and OPEC+ production policies. Although...
Gold consolidated near a record, falling slightly to the $3.62k–$3.64k/oz range after an earlier surge triggered by weaker-than-expected US PPI. The market now awaits the US CPI (tonight WIB) to determine the size of the Fed's interest rate cut next week—a 25 bps baseline is considered most likely. Lower interest rates typically support gold because they lower the opportunity cost of holding non-yielding assets. Fundamentally, the bullish narrative remains supported by central bank buying, geopolitical uncertainty, and ETF inflows. However, signs of overbought are emerging, so a "hotter"...