Oil prices moved steadily in Wednesday morning trading, with West Texas Intermediate (WTI) trading just below US$61 per barrel. Prices had previously strengthened by more than 1% on Tuesday, while Brent closed near US$65 per barrel. Market participants were weighing two main factors: a reported increase in US crude oil inventories and concerns about the…
Dec 20 2024, 12:05 Harga emas stabil mendekati level terendah dalam satu bulan dalam perdagangan Asia pada hari Jumat (20/12) dan menuju penurunan mingguan setelah perkiraan Federal Reserve AS tentang penurunan suku bunga yang lebih sedikit dari yang diharapkan pada tahun 2025 membuat investor gelisah. The Fed menurunkan suku bunga sebesar 25 basis poin seperti…
Gold prices rose for the third consecutive day after the Federal Reserve cut interest rates again and signaled a dovish stance. The precious metal briefly strengthened by about 0.5% to approach $4,248 per troy ounce, supported by falling US bond yields and a weakening dollar index following the final FOMC meeting of the year. At…
The yen was choppy on Thursday after a sharp drop in the previous session in a volatile week that has left sentiment fragile as investors weigh the unwinding of popular carry trades and ponder the rate path Japan’s central bank is likely to take. The yen was last slightly stronger at 146.09 per dollar, having…
Gold prices (XAU/USD) remained on the defensive in Monday’s trading, after briefly rising slightly in the Asian session to above $4,100/oz. Sellers exploited this strengthening, putting pressure on gold for the third consecutive day. The primary reason was that market participants began to reduce expectations for a Fed rate cut in December, which strengthened the…
Oil was steady near $92 a barrel after dropping the most in eight weeks in the previous session on technical resistance and speculation the Saudis will start restoring output if prices get too high. West Texas Intermediate was subdued after a rollercoaster session on Thursday in which it rose above $95 a barrel at one point but…
