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Silver prices have returned to test the 2024 high of $35/ounce, benefiting from its safe-haven appeal amid geopolitical tensions and a decline in the dollar's global reserve share. However, its industrial use makes it sensitive to economic cycles, with recent U.S. economic data showing weakness. A breach above $35 could signal a bullish trend towards $40, while a drop below $31 would indicate a bearish outlook.
BNP Paribas warns of a potential collapse in copper prices, predicting a drop to $8,500 per tonne by the end of Q2 due to slowing US demand and rising global supply. The anticipated 25% tariff on copper imports could exacerbate the situation, leading to an oversupply of 460,000 tonnes. While some analysts remain optimistic about long-term demand driven by electrification and China's economic policies, the immediate outlook is uncertain as traders prepare for significant market shifts.
Copper prices have risen approximately 25% since the start of the year, despite recent declines attributed to increased market risk aversion and a necessary correction after prior surges. Supportive factors include improved sentiment in China's industrial sectors and disappointing Chilean production, which fell below 400,000 tons in February. Ongoing political protests in Peru and tight concentrate supply further complicate the market landscape.
European gas prices have stabilized around EUR40 per MWh, with limited potential for further decline due to improved supply conditions and increased LNG imports, which reached a March high not seen since 2017. Despite current storage levels being below the five-year average, the higher prices compared to last year are encouraging continued LNG sales to Europe.
Brent oil prices have reached $75 per barrel for the first time since February, following muted market reactions to Trump's tariff threats on Russian oil. However, with OPEC+ countries beginning to reverse production cuts, supply is set to increase, potentially leading to a decline in prices amid renewed demand concerns.
Gold is experiencing a significant rally, with Bank of America projecting prices could reach $3,500 due to increased central bank buying and demand for safe-haven assets amid geopolitical uncertainties. The first quarter saw a 19% gain, the largest since 1986, driven by investor accumulation and a weakening US dollar. Central banks now hold about 10% of their reserves in gold, a figure expected to rise, while the overall commodity market has also seen substantial growth.
Gold prices have surged past $3,100 per troy ounce, marking a 19% increase in the last quarter, the highest since 1986. This rise is driven by uncertainty over US tariff threats and expectations of interest rate cuts by the Federal Reserve, despite inflation risks that may hinder such cuts. However, analysts warn of a potential setback for gold prices amid these economic concerns.
Oil prices have recently increased, driven by concerns over sanctions and supply-side effects, according to Danske Bank's FX analyst Stefan Mellin. While the rise indicates market anxiety, the potential for further increases may be limited as OPEC+ has begun to raise output. Clarity on global trade policies and reduced tariffs could provide additional upward momentum for prices.
Gold prices surged past $3,100 per ounce in March, marking a nearly 10% monthly increase and a 19% rise year-to-date, driven by strong investment demand and geopolitical concerns. In the first quarter of 2025, gold ETFs saw inflows of 130 to 150 metric tons, reversing last year's outflows, as central banks and private investors increased their gold holdings amid economic uncertainties. UBS maintains a price target of $3,200 per ounce, with a potential rise to $3,500 if geopolitical risks escalate.
Gold prices for Antam, UBS, and Galeri24 have fluctuated as of April 1, with Antam gold remaining at IDR 1,852,000 per gram. UBS gold increased to IDR 1,820,000, while Galeri24 rose to IDR 1,798,000. Various weights for each brand are available, with prices ranging significantly based on the quantity purchased.
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silver price tests 2024 high amid geopolitical tensions and economic concerns
08:47 02.04.2025
copper prices face sharp decline as tariffs loom warns BNP Paribas
19:52 01.04.2025
copper prices rise despite recent declines amid market uncertainties and production issues
15:46 01.04.2025
European gas prices stabilize as LNG imports rise amid supply concerns
15:40 01.04.2025
brent oil price reaches 75 dollars amid tariff concerns and production changes
15:40 01.04.2025
bank of america predicts gold could reach 3500 amid rising demand
15:35 01.04.2025
gold prices surge amid stagflation concerns and tariff uncertainties
15:27 01.04.2025
oil prices rise amid sanctions and supply concerns but face limits
11:53 01.04.2025
gold prices could reach 3500 amid rising demand and economic uncertainties
11:11 01.04.2025
gold prices fluctuate for antam ubs and galeri24 products on april first
02:43 01.04.2025
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