Gold prices held steady around $3,859–$3,860/oz, just about $35 below Wednesday’s record, after a five-day rally. The onset of the US government shutdown and weak ADP data have led market participants to increase bets that the Fed will cut interest rates again this year. The shutdown risks creating a blackout for official data—including delayed non-farm…
Minyak mempertahankan kenaikan selama dua hari di tengah spekulasi bahwa OPEC+ dapat memperdalam pembatasan produksinya ketika para anggota berkumpul pada akhir pekan mendatang. Acuan minyak global Brent stabil di atas level $82 per barel setelah naik lebih dari 6% selama dua sesi sebelumnya, sementara minyak West Texas Intermediate bertahan di bawah $78. Opsi minyak AS…
The Japanese stock market rebounded at the start of trading, after being pressured the previous day due to concerns about a short-term interest rate hike by the Bank of Japan (BOJ). This time, the banking and insurance sectors were the main drivers of the rally. Mizuho Financial Group shares rose 2.6%, while Dai-ichi Life Holdings…
Oct 17 2024, 07:51 Gold was steady in early Asian trade ahead of key US economic data due later in the day. Investors are looking to data such as retail sales and weekly jobless claims for fresh insights into the Fed’s monetary policy trajectory, Bas Kooijman, CEO and asset manager at DHF Capital S.A., said…
Silver prices are still moving at high levels today, holding near record levels after a sharp rally in recent weeks. The main sentiment stems from expectations of further monetary easing in the US after the Fed cut interest rates again. Lower interest rates make non-yielding assets like silver and gold more attractive, especially amid inflation…
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,…
