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...
Gold prices (XAU/USD) weakened in the Asian session on Thursday (November 27), retreating from the nearly two-week high reached the previous day. More positive market sentiment, supported by hopes for a Russia-Ukraine peace deal and the prospect of lower global interest rates, prompted some funds to shift away from safe-haven assets like gold. This occurred amid thin trading volume due to the Thanksgiving holiday in the United States. However, gold's weakness so far appears limited. The market remains confident that the Federal Reserve will cut interest rates at its December meeting, while...
Silver prices have rallied again as US bond yields fall and expectations mount that the Fed will cut interest rates at its December meeting. This has made non-yielding assets like silver attractive again, especially since its movements tend to be more aggressive than gold.Going forward, silver's direction will be heavily influenced by two factors: expectations of a Fed rate cut and industrial demand, particularly from the solar energy sector. If sentiment for easing interest rates persists and silver's demand for production remains high, upside potential remains open, although the risk of a...
Gold (XAU/USD) maintained its intraday gains, nearing a one-and-a-half-week high reached in the Asian session, supported by dovish expectations from the Fed. The latest US data showed inflation is starting to ease, while comments from several Fed officials supporting further easing pushed the US dollar to a one-week low. This provided additional support for non-yielding gold, keeping its outlook positive. However, global risk appetite has also increased due to the prospect of lower US interest rates and hopes for progress in Russia-Ukraine peace talks, which has limited interest in...
Oil prices remain stuck near their lowest levels in a month, with WTI around US$58 and Brent around US$61 per barrel. The market is clouded by the potential for peace in Ukraine, which could ease sanctions on Russian oil, while the IEA projects a supply glut of up to 4 million barrels per day next year.US oil inventories did fall by 1.9 million barrels, but this was not enough to lift sentiment. As long as supply remains abundant and demand is weak, the risk of oil prices remaining in the lower zone remains quite high, unless OPEC+ agrees to tighten production again.The oil price at the time...
Silver (XAG/USD) traded relatively stable today, with a slight increase around US$51 per troy ounce, following a strong rally in recent weeks that saw prices rise nearly 10% in a month and nearly 70% in the past year. The main sentiment remains the expectation of a Fed interest rate cut in December, following dovish comments from several US central bank officials that have opened the door to a rate cut in the near future. On the other hand, the market is also beginning to realize that excessively rapid gains have left room for a technical correction.