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...
Silver prices are now stable around $57 per ounce after hitting an all-time high near $59 earlier in the week. A decline of more than 2% in the previous session ended an eight-day rally and pushed silver out of overbought territory, as many traders opted to take profits from the recent rapid rise. Nevertheless, the underlying sentiment remains positive as the market is almost certain the Federal Reserve will cut interest rates at its meeting next week, which typically benefits non-yielding precious metals like silver and gold. At 7:45 a.m. Singapore time, silver edged down 0.2% to $57.02...
Brent oil prices today remain heavily influenced by two main factors: the global demand outlook and supply issues from major producing countries. On the demand side, the market is still grappling with concerns about a global economic slowdown amidst the interest rate cut cycle of major central banks, such as the Fed and Europe. On the supply side, Brent prices are held back by geopolitical risk sentiment and signals of a supply glut. Tensions in oil-producing regions (Russia-Ukraine, the Middle East, and policies toward Venezuela and Iran) remain a price-supporting factor, raising the risk...
Gold prices edged up and held around $4,210 per troy ounce, still comfortably above $4,200. Much weaker-than-expected US private employment data (ADP) weakened the dollar, increasing market confidence that the Fed will cut interest rates by 25 basis points next week. This is the "main fuel" for gold.Going forward, gold's direction depends heavily on US jobless claims and PCE inflation data. If the data increasingly indicates a slowing economy and tame inflation, speculation about a rate cut will strengthen, and gold has the opportunity to rise further. If inflation remains hot, gold's upside...
Gold prices rose again in the Asian session on Wednesday (December 3rd) after holding around $4,164, nearing its highest level since late October. This increase was driven by strong expectations that the Federal Reserve will cut interest rates next week. Speculation that Jerome Powell's successor might be more dovish also weakened the US dollar, giving room for gold—which offers no yield—to strengthen. In addition to interest rate factors, geopolitical tensions such as the Russia-Ukraine conflict have led investors to return to gold as a safe haven asset. Although sentiment in the stock...
This morning, silver prices remained near their record high, trading around $58 per troy ounce. In the past month, silver prices have risen more than 20% and surged nearly 90% in a year, indicating a very strong uptrend. Although profit-taking has caused prices to fall slightly from their peak of around $57.8–$58, the current position remains in a very high zone compared to a few months ago. This sharp rise was supported by expectations of a Fed interest rate cut in December, a weakening US dollar, and safe-haven sentiment amid global economic uncertainty. Meanwhile, industrial demand for...