[MARKET ANALYSIS] Gold and Silver rose to fresh record highs above USD 5,000/oz and USD 108/oz, respectively, while nat gas futures surged by double digit percentages amid US storm and power cut

Gold and silver have surged to historic highs, with gold surpassing $5,000/oz, driven by a weaker dollar and heightened safe-haven demand amidst geopolitical tensions.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
Newsquawk headlinesUTC

[MARKET ANALYSIS] USD/JPY slumps on double intervention threat

[MARKET ANALYSIS] T-note futures gained amid on an early haven bid, while JGB futures climbed on intervention threat

[MARKET ANALYSIS] Gold and Silver rose to fresh record highs above USD 5,000/oz and USD 108/oz, respectively, while nat gas futures surged by double digit percentages amid US storm and power cut

CNN reports the small plane crash at Bangor International Airport in Maine was a private jet carrying 8 people

China's Guangdong province targets 2026 GDP growth of 4.5%-5.0%

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.

WTI/Brent: WTI Mar'25 +0.1% / Brent Apr'26 +0.1%

  • Oil futures are rangebound and take a breather following Friday's rally, with price action contained following reports of constructive trilateral talks between the US, Ukraine and Russia, while Libya signed a deal with TotalEnergies (TTE FP) and ConocoPhillips (COP) to more than double the production capacity of their Waha Oil venture. Conversely, natural gas futures surged around 16%, owing to the US winter storm, which had cut power to more than 230,000 customers as far west as Texas and prompted thousands of flight cancellations.

Gold: +1.7%

  • Climbed to a fresh record high after breaching the USD 5,000/oz level for the first time in history, amid a weaker dollar and a rally in silver, which surged to above USD 108/oz.

Copper: +0.2%

  • Remains afloat and holds on to last Friday's spoils but with further upside capped amid the mostly downbeat risk tone in Asia.
Context

Concurrently, natural gas futures are spiking due to significant winter storms impacting supply and power across the U.S., reflecting the volatility in energy markets. Investors should closely monitor these developments, as they may influence broader inflationary pressures and risk sentiment across commodities.

Related headlines

The whole workspace, free to try.

Try it free