World oil prices weakened again as the market began to worry about a global oversupply. Recent data showed that the volume of crude oil shipped by sea reached a record high, indicating that producers continue to increase volumes even as demand begins to slow. This has fueled concerns that the market will be flooded with…
Silver prices declined during Tuesday’s trading session, with the price of XAG trading at $51.65 at the time of writing. The easing of trade tensions between the United States and China has reduced investor interest in safe-haven assets. US President Donald Trump expressed confidence that the two countries would reach a trade deal soon, ahead…
Gold extended its rally and set a new record in the Asian session on Wednesday (October 15th), with the market now targeting a breakout of the psychological $4,200/oz level. The rise was driven by a combination of expectations of a Fed interest rate cut, a weakening US dollar, and hedging flows amid global anxiety. Risk…
Silver broke through $52/oz again on Wednesday, remaining near its record high after a global supply crunch sparked a major rally. The London market was particularly tight: a short squeeze caused lease rates to spike by more than 30% on Friday, making rollover costs for short positions unreasonable. Indian demand further squeezed supply, leading some…
Gold prices hit a new record high of $4,068 per ounce on Monday (October 13th), driven by increased demand for safe-haven assets amid global concerns. Trade tensions between the United States and China have escalated following new tariff threats from US President Donald Trump, while expectations that the Federal Reserve (The Fed) will further cut…
Gold prices have weakened again below $4,000/oz, while silver has also corrected after a sharp rally that took both to multi-decade highs. On Friday afternoon, Singapore time, spot gold was trading around $3,955/oz after falling 1.6% the previous day, while silver dipped slightly after briefly touching $51,235/oz—its highest since 1980. Technical data suggests overbought conditions…
