Oil prices remain stable near their lowest level in almost two months, as the market is more concerned about oversupply than the impact of geopolitical tensions. Brent held around US$61/barrel after closing at its lowest level since October 20, while WTI remains below US$58/barrel. The main pressure comes from expectations of a widening supply surplus:…
May 7 2025, 15:34 Gold prices dropped on Wednesday as optimism surrounding U.S.-China trade talks weakened demand for safe-haven assets, ahead of the Federal Reserve’s policy decision later in the day. Spot gold fell 1.2% to $3,389.37 an ounce as of 0628 GMT. The metal had climbed nearly 3% on Tuesday. “Gold seems to be…
The crypto market moved lower on Tuesday. Bitcoin slumped to around $112,000 after experiencing a sell-off earlier in the month, while Ether also fell by around 5% to around $3,900, and most major altcoins also fell, pushing the total crypto market capitalization down by around 1%. Market participants appeared cautious ahead of the Federal Reserve’s…
Jan 17 2025, 13:03 Gold price (XAU/USD) enters a bullish consolidation phase during the Asian session on Friday and oscillates in a range around the $2,715 region, just below a one-month high touched the previous day. Expectations that softer inflation in the US will allow the Federal Reserve (Fed) to cut interest rates further this…
Sep 14 2024, 02:15 West Texas Intermediate (WTI) crude oil closed lower on Friday, even with supply tight as Hurricane Francine shut in 42% of U.S. Gulf of Mexico production. WTI crude for October delivery closed down US$0.32 to settle at US$68.65 per barrel, while November Brent crude, the global benchmark, was last seen down…
Nov 22 2024, 07:37 Emas berkonsolidasi pada awal sesi Asia Jumat (22/11) di tengah sinyal yang bervariasi. Di satu sisi, eskalasi konflik Rusia-Ukraina telah meningkatkan permintaan dari investor yang mencari aset safe haven, kata analis ANZ Research dalam sebuah catatan. Pada hari Kamis, Presiden Rusia Putin mengatakan Rusia telah menggunakan jenis rudal baru, yang disebut…
