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,…
Sep 14 2024, 02:10 Gold prices powered higher on Friday, beating record levels, as a boost in bullish momentum fuelled by optimism that the U.S. Federal Reserve is on the brink of trimming interest rates was catalysed by fund inflows and a drop in the dollar. Spot gold was trading at record levels, up 0.9%…
Harga minyak bervariasi di sesi Asia Senin (20/11) pagi, dengan beberapa fokus pada pertemuan kelompok OPEC+ akhir bulan ini. Sementara ahli strategi komoditas ING dalam sebuah catatan penelitian mengatakan, “Arab Saudi dan Rusia kemungkinan akan melanjutkan pengurangan produksi sukarela tambahan mereka hingga awal tahun 2024. Namun belum jelas apakah kelompok yang lebih luas akan melakukan…
The Japanese yen strengthened, breaking through 152 per US dollar on Wednesday (October 29th), continuing its two-day rally. Market participants are positioning themselves ahead of this week’s Bank of Japan (BOJ) decision. The BOJ is not expected to change interest rates now, but officials are said to be opening discussions about when to raise interest…
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…
Oct 10 2024, 08:58 Oil edged higher after a two-day decline as traders watched for an Israeli response to Iran’s missile attack early last week, while US crude stockpiles expanded the most since April. Brent traded near $77 a barrel and West Texas Intermediate was close to $74. The market remains on edge about Israel’s intentions…
