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...
The global silver price today (November 21) remained around $50-51 per troy ounce, slightly weaker than the previous day but still well above its early-year level. Fundamentally, silver's movement is again being pulled in two directions: on the one hand, fading hopes for a Fed rate cut in December are tending to depress prices as dollar and bond yields remain attractive; on the other hand, silver remains supported by its position as an alternative safe haven amidst uncertainty regarding US economic data and the direction of Fed policy. In the medium term, silver's overall trend remains...
Gold is trading steadily around $4,070 per troy ounce after the release of mixed US employment data. September job growth was stronger than expected, but unemployment also rose, so the signal isn't entirely bullish or bearish for the economy. For the market, this figure isn't strong enough to force the Fed to immediately cut interest rates in December. As a result, gold is likely to trade sideways for now: held back by still-high interest rates, but still seen as a safe haven amid signs of an economic slowdown. (asd)The price of gold at the time of this analysis was $4,073. Disclaimer:This...
Brent oil prices strengthened on Thursday (November 20th), driven by concerns about supply disruptions amidst still-high geopolitical tensions. Brent moved with daily gains of around 0.3% and has strengthened nearly 4% in the past month. Positive sentiment stemmed from new sanctions by the United States and its allies against major Russian oil companies, which sparked concerns about supply tightening, as well as a series of Ukrainian drone attacks on Russian energy infrastructure that briefly disrupted export flows from key ports such as Novorossiysk. On paper, the market remains fraught...
Silver is currently being supported by two main factors: its function as a safe haven and industrial demand. While the market is wary of interest rates, inflation, and geopolitics, silver is being sought along with gold. At the same time, silver is used in solar panels, electronics, and electric vehicles, so the green energy trend is keeping underlying demand strong. From a policy perspective, expectations that the Fed is nearing the end of its interest rate hike cycle also benefit silver. If interest rates fall and the US dollar weakens, non-interest-bearing precious metals like silver...
Gold prices strengthened in the early Asian session, with spot gold rising around 0.6% to around US$4,102.58 per troy ounce. This increase was supported by increased investment interest, after data on institutional holdings in large gold ETFs showed more companies adding to their gold positions. TD Securities also believes the trend of gold buying by central banks will continue in the long term. The combination of institutional investors and central banks makes gold attractive as a safe haven asset amid global uncertainty.The gold price at the time of this analysis was released was...