May 22, 2025 9:18 am
Spot Silver rose to a fresh 1-month high of $33.70 per troy ounce on Thursday, as investor concerns over US fiscal outlook mounted, pressuring the US Dollar and driving demand for safe-haven metals. The US Dollar Index was hovering above a 2-week trough, being last down 0.10% to 99.605. A weaker dollar makes dollar-priced Silver […]
Read moreMay 22, 2025 7:48 am
Key Moments: Brent crude futures declined below $64 on Thursday. WTI also lost ground, with its contracts hitting $60.69. An unexpected 1.3 million barrels were added to US crude inventories last week. Oil Craters on Major US Stock Build Crude oil futures plummeted on Thursday, weighed down by a notable rise in US crude and […]
Read moreMay 22, 2025 7:08 am
Spot Gold extended gains to a fresh 2-week peak of $3,345.45 on Thursday, as investor concerns over US government’s growing debt continued to heighten. The US Dollar Index was hovering above a 2-week trough, being last down 0.18% to 99.508. A weaker dollar makes dollar-priced Gold more appealing to international investors holding other currencies. Yesterday […]
Read moreMay 21, 2025 1:43 pm
Key Moments: Platinum futures climbed to $1,072 t.oz., marking their highest level in 51 weeks. Chinese platinum imports in April reached a 12-month peak of 11.5 metric tonnes. Shenzhen-based Shuibei saw platinum retail outlets increase by 300% in a single month. Breakout Above $1,000 as Bullish Momentum Builds Platinum futures surged beyond the key $1,000 […]
Read moreMay 21, 2025 10:39 am
Key Moments: WTI futures rose 1.23% to $62.79 per barrel on Wednesday. The Brent benchmark, meanwhile, gained 1.12% and reached $66.11 per barrel The spike followed reports of possible Israeli military action against Iran. Oil Markets React to Geopolitical Risks Crude oil benchmarks moved higher on Wednesday following a CNN report citing newly acquired US […]
Read moreMay 21, 2025 9:37 am
Spot Silver scaled a fresh 1-week high of $33.20 per troy ounce on Wednesday on the back of a weaker US Dollar and amid US fiscal uncertainty. The US Dollar Index was last down 0.29% to 99.724, after earlier sliding to its lowest level since May 7th (99.423). A weaker dollar makes dollar-priced Silver more […]
Read moreMay 21, 2025 7:04 am
Spot Gold advanced to a fresh 1 1/2-week high of $3,320.42 on Wednesday on the back of a weaker US Dollar and amid US fiscal uncertainty. The US Dollar Index was last down 0.57% to 99.442, after earlier sliding to its lowest level since May 7th (99.423). A weaker dollar makes dollar-priced Gold more appealing […]
Read moreMay 20, 2025 2:27 pm
Key Moments: Kazakhstan’s oil output increased by 2% in May, averaging 1.86 million barrels per day. The country’s production continues to exceed its OPEC+ quota of 1.486 million bpd for the current month. Futures contracts relating to WTI and Brent crude oil prices fell by over 0.7%. Strained Compliance with OPEC+ Limits Kazakhstan raised its […]
Read moreMay 20, 2025 9:02 am
Spot Silver eased on Tuesday, reversing a gain from the prior trading day, as investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on demand for safe-haven assets. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. Meanwhile, […]
Read moreMay 20, 2025 6:58 am
Spot Gold edged lower on Tuesday, as a firmer US Dollar and investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on the safe-haven allure of the metal. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. The […]
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