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...
Oil prices are heading for a third week of decline due to concerns about a global supply glut. The IEA has again raised its surplus projection and even predicted a record oversupply next year, as OPEC+ continues to increase production while demand remains sluggish. WTI in December was trading around USD 58.87 per barrel, and Brent in January was around USD 63.01 per barrel. However, this downward pressure has been somewhat offset by the risk of US sanctions against Russian energy giants like Rosneft and Lukoil. Lukoil's trading business has begun downsizing staff, and there are reports that...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could reach 2.7 million barrels per day in 2025, far exceeding demand, which is expected to grow by only around 0.7 million barrels per day. Under these conditions, the forward curve for Brent even indicated contango, indicating that the market is anticipating future oversupply. On the demand side, growth is starting to slow, particularly in major...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially falling, the opportunity cost of holding non-yielding gold becomes lower. Furthermore, demand from central banks and investors as a hedge against geopolitical risks is also driving gold's advantage. However, the downside is also real: a stable or strengthening US dollar and rising bond yields will diminish gold's appeal. If US economic data improves and...
Gold remains strong, driven by expectations of an interest rate cut by the Federal Reserve and uncertainty in the US economy. Although the US government has reopened, investors continue to seek refuge in gold due to the lack of economic data and global concerns. However, if pending US economic data turns out to be positive or the Fed indicates that interest rates will remain high, gold prices could be under pressure. Technically, gold could consolidate before continuing to rise, so it's important to be alert to any policy changes or emerging economic data. At the time of this analysis's...
Silver is expected to consolidate its strong gains of the past few days, trading around the highs recorded some time ago and appears poised to continue strengthening. The solid rebound from technical support levels and positive movement in daily indicators suggest a positive outlook for silver. If the price manages to break through a new high, silver will likely test higher levels and pave the way for further positive momentum. However, if silver corrects and moves down from its current level, it is likely to fall to an intermediate support level. If this support fails to hold, the price...