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 strengthened on Wednesday (November 19th) as investor interest in precious metals improved. In recent trading, silver (XAG/USD) rose slightly and regained ground above the US$51 per troy ounce level, after a correction in the previous few sessions. This strengthening occurred amid a market atmosphere that remains risk-off, as market participants await the release of US employment data (NFP) and the latest developments on expectations of a Fed interest rate cut in December. The probability of a rate cut has indeed decreased to around 40 percent, but the prospect of interest...
Gold prices strengthened again on Wednesday (November 19th) as investors sought safe-haven assets amid worsening risk sentiment. This increase was supported by weak US economic data, particularly labor market indicators, leading the market to re-increase expectations that the Federal Reserve will cut interest rates in December. The prospect of lower interest rates pressured US bond yields and bolstered the appeal of non-coupon gold. Source: Newsmaker.id
Oil prices fell slightly after a report showed a sharp rise in US crude stockpiles. Brent for January delivery was trading at around US$64.6 per barrel, while WTI for December was around US$60.4. Data from the American Petroleum Institute showed an increase in inventories of around 4.4 million barrels, which could push US oil stocks to their highest level in more than five months, although the market is also still monitoring the impact of Western sanctions on Russian producers Rosneft and Lukoil.Trendwise, oil has weakened this year due to concerns that global supply will exceed demand. The...
Gold prices weakened to around $4,060 per ounce on Wednesday, paring some of the gains recorded in the previous session. This movement occurred as investors opted for caution ahead of the release of two important data points from the United States: the minutes of the Federal Reserve's (FOMC) meeting, released today, and the employment report, due Thursday. Both releases are expected to provide clearer clues regarding the future direction of interest rates. Several delayed US economic data began to be released again after the government shutdown ended. Claims for unemployment benefits rose...
Silver gained slightly during the European session on Tuesday (November 18th), driven by safe-haven demand amidst the economy and investor confidence in the possibility of a Fed interest rate cut. Rising gold prices also supported silver, as many investors shifted part of their portfolios to the more affordable precious metal. Furthermore, fundamental factors are strengthening silver's momentum: continued strong industrial demand, particularly from the renewable energy and electronics sectors. Compared to other instruments, silver is now starting to attract interest from medium- to...