Gold is holding its ground again, but this is not the same rally that carried bullion through the early part of the year. The latest move is being driven less by panic and more by repricing. A softer US labour-market reading has reduced fears that the Federal Reserve will rush into another rate increase, giving
Silver’s rally has paused, but the case for a deeper collapse is not as clean as Monday’s price action suggests. The metal slipped back towards $62 an ounce after four straight days of gains, as traders booked profits before the Federal Reserve’s June meeting minutes. Yet two of the bigger pressures that hurt silver last
Oil prices were little changed on Friday, with benchmark crude posting only modest gains as investors balanced optimism over ongoing US-Iran negotiations against rising Middle East oil supplies and persistent concerns about global demand. Brent crude futures rose 0.19%, to $71.94 a barrel, while US West Texas Intermediate (WTI) crude edged up 0.13% to $68.78.
Gold prices rose more than 1% on Friday, putting the precious metal on track for its first weekly gain in five weeks after weaker-than-expected US employment data reduced expectations of a near-term Federal Reserve interest rate hike. Spot gold climbed 1.28% to $4,175.37 per ounce after touching its highest level since June 23. US gold
Gold’s rebound is beginning to look less like a defensive trade and more like a rate-relief move. Bullion climbed more than 1% on Friday, rising to its highest level since late June, after a soft US jobs report forced traders to trim expectations for another Federal Reserve rate increase. The dollar’s weekly decline added to
Silver’s rebound is gathering force because the market is no longer trading only on fear. The white metal climbed for a fourth straight session on Friday, pushing above $62 an ounce as a weak US jobs report forced investors to rethink how soon the Federal Reserve may raise rates again. Lower energy stress and a
Global oil prices traded cautiously higher on Friday, supported by a weaker US Dollar, even as easing geopolitical concerns in the Middle East continued to cap gains. Brent crude hovered around $72.10 per barrel, while West Texas Intermediate (WTI) traded near $68.83 per barrel, with crude prices recovering modestly after recent declines ahead of the
Oil prices are almost back where they were before the US-Iran war jolted global markets, but traders are not treating the calm as a clean ending. Brent crude has slipped back toward $71-$73 per barrel, while West Texas Intermediate is hovering around $68-$70 per barrel, erasing much of the panic premium that took hold earlier
Gold’s rebound has not fully changed the argument around bullion. The metal is back above the $4,000 line after softer US data knocked the dollar lower, but the market is still reluctant to chase prices higher before the official jobs report. Traders are weighing two competing signals: a cooling labour market that helps gold, and
Silver’s recovery has moved from a technical bounce to a macro trade. The metal climbed for a third session on Thursday, pushing back above $60 an ounce as softer US data, lower oil prices and a less forceful message from Federal Reserve Chair Kevin Warsh eased the pressure on non-yielding assets. The rally does not